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- Stock Deep Dive: Time to STRETCH!
Welcome to the VIP edition newsletter from ALPHA, our Stock Deep Dive! 📈 And Happy New Year! 🍾
Today, you’ll read an in-depth analysis of a great stock we’ve been watching: 👇
Stock Deep Dive: Elastic (ESTC-US, $11B MCAP)
The dawn of AI is upon us. It’s in everyone’s playbook for 2024. While the megacap names are the obvious beneficiaries, I like to focus on names with more direct exposure.
AI requires drinking a massive amount of data from a firehose. Anything that makes this process more efficient will win.
The AI investing cycle will move from semiconductors to infrastructure and application software.
This company fits nicely into the infrastructure software stack and carves out a niche while exposed to a rapidly expanding TAM.
Let’s get stretchy and dive into this edition’s top pick: Elastic N.V.