Semiconductor & Technology Specialist, Ingenuity

William Keating

Semiconductor & Technology Specialist

Ingenuity

Our focus is exclusively on in-depth research & consulting in the broader semiconductor industry. We focus on the key players, namely Intel, Micron, Qualcomm, Apple, Samsung, NVIDIA, AMD, TSMC & Global Foundries - as well as some of the lesser known, but nonetheless critical, companies such as ASML (for EUV), Mellanox, Cavium, Xilinx etc. We specialise in their products, roadmaps, process technologies, competitive advantages & threats etc. We also help our clients understand the implications of new and emerging technologies, e.g. 3D X-Point, 3D NAND, Carbon Nanotubes, Autonomous Driving, Graphene, Silicon Photonics, Wafer-Level Optics, Artificial Intelligence, FPGA, GPU, ASIC etc. 

Semiconductor Analysis & Research

Thematic (Sector/Industry)

<ul>
<li>A field report on substituting Ollama-hosted models (GLM-5.2, DeepSeek-V4-pro, gpt-oss:120b) for Claude Opus</li>
<li>The candidate open models were not usable as the agent’s main reasoning loop, and were not safe as substitutes for the verification gates, when judged against Claude Opus.</li>
<li>For autonomous, gated, numerically rigorous pipeline, model selection cannot be judged on fluency or headline benchmarks. It must be judged on procedural reliability and format discipline under sustained real workloads.</li>
</ul>


A field report on substituting Ollama-hosted models (GLM-5.2, DeepSeek-V4-pro, gpt-oss:120b) for Claude Opus
The candidate open models were not usable as the agent’s main reasoning loop, and were not safe as substitutes for the verification gates, when judged against Claude Opus.
For autonomous, gated, numerically rigorous pipeline, model selection cannot be judged on fluency or headline benchmarks. It must be judged on procedural reliability and format discipline under sustained real workloads.


Evaluating Open-Weight LLMs For Our Structured Equity & Financial Research Agent

Research from Water Tower Research, Water Tower Research

Water Tower Research

Research from Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Equity Research Firm

<div><ul><li>WTR AI Private Pools Index update. Using data from PM Insights, we track private AI company valuations and created a market value-weighted WTR AI Private Pools Index.</li><li>As of 6/8/26, the index had 41 active constituents and a total market value of $2.53 trillion. The two largest constituents are Anthropic (47%) and OpenAI (~34%).</li><li>Another strong month, again driven by Anthropic. WTR AI Private Pools Index performance for period ending June 8, 2026*</li></ul></div>

WTR AI Private Pools Index update. Using data from PM Insights, we track private AI company valuations and created a market value-weighted WTR AI Private Pools Index.As of 6/8/26, the index had 41 active constituents and a total market value of $2.53 trillion. The two largest constituents are Anthropic (47%) and OpenAI (~34%).Another strong month, again driven by Anthropic. WTR AI Private Pools Index performance for period ending June 8, 2026*

AI Private Pools Newsletter : Exploring Private Company Valuations in AI

<ul>
<li>The Rebalanced Unicorn Economy: Driven by AI, the unicorn economy is healthier and more balanced, shifting toward fewer companies that are each raising significantly larger amounts of funding.</li>
<li>The "Magnificent Eight" Private Index: A highly diverse group of private megacaps—including SpaceX, OpenAI, and Stripe—is delivering unprecedented growth and aggressively outperforming the public market’s "Mag 7".</li>
<li>The Scale Power Law: Counterintuitively, companies worth over $100 billion have a 31% chance of a 10x return, proving that top winners are compounding faster than ever before.</li>
</ul>


The Rebalanced Unicorn Economy: Driven by AI, the unicorn economy is healthier and more balanced, shifting toward fewer companies that are each raising significantly larger amounts of funding.
The "Magnificent Eight" Private Index: A highly diverse group of private megacaps—including SpaceX, OpenAI, and Stripe—is delivering unprecedented growth and aggressively outperforming the public market’s "Mag 7".
The Scale Power Law: Counterintuitively, companies worth over $100 billion have a 31% chance of a 10x return, proving that top winners are compounding faster than ever before.


Coatue @ All-In Summit: Executive Summary & Full Transcript

India Equity Analyst - Fundamental & Thematic, Beat the Street

Sudarshan Bhandari

India Equity Analyst - Fundamental & Thematic

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

<ul>
<li>Alphabet raised <strong>USD 80 billion</strong> in fresh equity and plans <strong>USD 185 billion capex in 2026</strong>, as AI demand outpaces available chips and power.</li>
<li>Hyperscaler capex could cross <strong>USD 1 trillion in 2027</strong>, creating supply-chain opportunities in <strong>power, packaging, and data centre infrastructure</strong> for India-listed firms.</li>
<li>India’s gap is structural. Realistic opportunities are in <strong>power, EPC, and advanced packaging</strong> not in competing with Google at the AI frontier.</li>
</ul>


Alphabet raised USD 80 billion in fresh equity and plans USD 185 billion capex in 2026, as AI demand outpaces available chips and power.
Hyperscaler capex could cross USD 1 trillion in 2027, creating supply-chain opportunities in power, packaging, and data centre infrastructure for India-listed firms.
India’s gap is structural. Realistic opportunities are in power, EPC, and advanced packaging not in competing with Google at the AI frontier.


The $1 Trillion Signal: Why Alphabet’s $80B Raise Is India’s Wake-Up Call, Not Its Blueprint?

<div><ul><li>WTR AI Private Pools Index update. Using data from PM Insights, we track private AI company valuations and created a market value-weighted WTR AI Private Pools Index.</li><li>As of 5/11/26, the index had 38 active constituents and a total market value of $2.20 trillion. The two largest constituents are Anthropic (~41.0%) and OpenAI (~38.2%).</li><li>Another big month increase driven by Anthropic. WTR AI Private Pools Index performance for month ending May 11, 2026*. </li></ul></div>

WTR AI Private Pools Index update. Using data from PM Insights, we track private AI company valuations and created a market value-weighted WTR AI Private Pools Index.As of 5/11/26, the index had 38 active constituents and a total market value of $2.20 trillion. The two largest constituents are Anthropic (~41.0%) and OpenAI (~38.2%).Another big month increase driven by Anthropic. WTR AI Private Pools Index performance for month ending May 11, 2026*. 

AI Flow Private Pools Newsletter : Exploring Private Company Valuations in AI - 18 May 2026

United States

Anthropic, PBC operates as an AI safety and research company. The Company builds reliable, interpretable, and steerable AI systems. Anthropic serves customers in the United States.

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Anthropic (1892140D US)

Evaluating Open-Weight LLMs For Our Structured Equity & Financial Research Agent

The candidate open models were not usable as the agent’s main reasoning loop, and were not safe as substitutes for the verification gates, when...

William Keating

Coatue @ All-In Summit: Executive Summary & Full Transcript

The Scale Power Law: Counterintuitively, companies worth over $100 billion have a 31% chance of a 10x return, proving that top winners are...

William Keating

The $1 Trillion Signal: Why Alphabet’s $80B Raise Is India’s Wake-Up Call, Not Its Blueprint?

Alphabet's massive equity raise and capex plans signal growing demand for AI chips, creating supply-chain opportunities for Indian firms in power,...

Sudarshan Bhandari

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Evaluating Open-Weight LLMs For Our Structured Equity & Financial Research Agent

The candidate open models were not usable as the agent’s main reasoning loop, and were not safe as substitutes for the verification gates, when...

William Keating

AI Private Pools Newsletter : Exploring Private Company Valuations in AI

WTR AI Private Pools Index update. Using data from PM Insights, we track private AI company valuations and created a market value-weighted WTR AI...

Water Tower Research

Coatue @ All-In Summit: Executive Summary & Full Transcript

The Scale Power Law: Counterintuitively, companies worth over $100 billion have a 31% chance of a 10x return, proving that top winners are...

William Keating

The $1 Trillion Signal: Why Alphabet’s $80B Raise Is India’s Wake-Up Call, Not Its Blueprint?

​Alphabet's massive equity raise and capex plans signal growing demand for AI chips, creating supply-chain opportunities for Indian firms in power,...

Sudarshan Bhandari

AI Flow Private Pools Newsletter : Exploring Private Company Valuations in AI - 18 May 2026

WTR AI Private Pools Index update. Using data from PM Insights, we track private AI company valuations and created a market value-weighted WTR AI...

Water Tower Research

Alphabet's massive equity raise and capex plans signal growing demand for AI chips, creating supply-chain opportunities for Indian firms in power,...