By Equity Research in DeepSeek — Mar 6, 2025 Themes - DeepSeek, Kimi And AI Efficiency Paradigm Shift (Pt.3)
AI Bubble Notes: AI Bubble? Spending, Risks, and Returns — A High-Level Assessment Summary * Hyperscalers’ AI capex is soaring past historical limits, forcing creative financing
Lumentum Holdings Lumentum Holdings: The Optical Engine Behind the AI Data-Center Revolution Summary * Record 1Q26: $533.8m revenue (+58% YoY) with next-quarter guide $630–
AI DevOps The Year of AI DevOps & Fears for GitLab (Pt.2) Summary * GTLB is taking a defensive stance toward the rise of AI
enterprise software Notes: Incumbents vs. AI-Natives: Who Wins the Next Software Cycle? Summary * The AI narrative has swung from favoring SaaS incumbents in 2024