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

Thematic (Sector/Industry)

<div><ul><li>The “Whiplash” State of AI. OpenAI just closed the largest private funding round in history at $110B. Nebius guided 2026 capex to $16–20B, roughly 4x 2025 levels, and CoreWeave guided to $30–35B, more than doubling last year’s spending, substantially all tied to signed contracts.</li><li>On the other side, Block cut 40% of its workforce citing AI efficiencies, while Anthropic’s guardrails dispute with the Pentagon escalated into a supply chain risk designation and broader federal phase-out.</li><li>Meanwhile, the macro economy is lagging, with 4Q25 GDP growth at 1.4%. </li></ul></div>

The “Whiplash” State of AI. OpenAI just closed the largest private funding round in history at $110B. Nebius guided 2026 capex to $16–20B, roughly 4x 2025 levels, and CoreWeave guided to $30–35B, more than doubling last year’s spending, substantially all tied to signed contracts.On the other side, Block cut 40% of its workforce citing AI efficiencies, while Anthropic’s guardrails dispute with the Pentagon escalated into a supply chain risk designation and broader federal phase-out.Meanwhile, the macro economy is lagging, with 4Q25 GDP growth at 1.4%. 

AI Flow Newsletter : Monitoring The "Currents" Of AI - 3 March 2026

<ul><li>Methodology. We reviewed 50 under-covered, AI-involved public companies (~$2.7 billion average market cap; about five analysts each) and their respective one-year market-cap changes.</li><li>We then mapped them to one or more of 11 AI application areas.</li><li>We also assigned each company a subjective “AI Centricity” score (1 to 10 scale) based on each company’s level of focus on AI. </li></ul>

Methodology. We reviewed 50 under-covered, AI-involved public companies (~$2.7 billion average market cap; about five analysts each) and their respective one-year market-cap changes.We then mapped them to one or more of 11 AI application areas.We also assigned each company a subjective “AI Centricity” score (1 to 10 scale) based on each company’s level of focus on AI. 

AI Industry Primer A Survey of 50 Under-Covered Companies in Artificial Intelligence (AI)

Independent Investment Research & Investor, Maverick Equity Research

Maverick Equity Research

Independent Investment Research & Investor

Independent Investment Research & Investor: value, dividend and growth stocks. Risk management & hedging for an all weather portfolio.

<ul><li>All 6 ETFs positive in 2023 while ARKW ARKF ARKK ARKQ booming with 35%, 27%, 25% &amp; 17% respectively.</li><li>Risk appetite for the Innovation/Hyper Growth thematic is on!</li><li>Enhanced Price Action view: Ark 6 ETFs 2023 Returns &amp; Rebounders from their 52-week low + I added S&amp;P 500 (SPY) and the Nasdaq 100 (QQQ) for comparison</li></ul>

All 6 ETFs positive in 2023 while ARKW ARKF ARKK ARKQ booming with 35%, 27%, 25% &amp; 17% respectively.Risk appetite for the Innovation/Hyper Growth thematic is on!Enhanced Price Action view: Ark 6 ETFs 2023 Returns &amp; Rebounders from their 52-week low + I added S&amp;P 500 (SPY) and the Nasdaq 100 (QQQ) for comparison

High Quality Stock Setups, Weekly Stock Bull Finder

Weekly Stock Bull Finder

High Quality Stock Setups

Finding high potential stock setups on quality companies

<ul><li>To mix it up this week, I am going to journal out the top chart patterns I generally look for when scanning and reviewing charts.</li><li>This post will also include some examples of price action that I typically look for, coupled with fundamental research, which has yielded the best entries and results over the years.</li><li>For starters, I focus on weekly charts to eliminate the noise of the hourly and daily charts which allows for confirming whether the name is in a strong uptrend (defined as above both rising 10WK/40WK moving averages).</li></ul>

To mix it up this week, I am going to journal out the top chart patterns I generally look for when scanning and reviewing charts.This post will also include some examples of price action that I typically look for, coupled with fundamental research, which has yielded the best entries and results over the years.For starters, I focus on weekly charts to eliminate the noise of the hourly and daily charts which allows for confirming whether the name is in a strong uptrend (defined as above both rising 10WK/40WK moving averages).

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>UiPath saw a near-10% spike in its share price after unveiling high-profile partnerships with OpenAI, Nvidia, and Snowflake, signaling a renewed push into AI-driven enterprise automation.</li><li>The automation software provider announced it will integrate OpenAI’s cutting-edge GPT models, including GPT-5, into enterprise workflows.</li><li>With Nvidia, the collaboration centers on fraud detection and healthcare solutions, while Snowflake will support UiPath’s Agentic Automation platform with its Cortex AI tools.</li></ul>

UiPath saw a near-10% spike in its share price after unveiling high-profile partnerships with OpenAI, Nvidia, and Snowflake, signaling a renewed push into AI-driven enterprise automation.The automation software provider announced it will integrate OpenAI’s cutting-edge GPT models, including GPT-5, into enterprise workflows.With Nvidia, the collaboration centers on fraud detection and healthcare solutions, while Snowflake will support UiPath’s Agentic Automation platform with its Cortex AI tools.

UiPath Rockets After OpenAI & Nvidia Deal—Is This the Future Of AI Automation?

United States

UiPath, Inc. provides software solutions. The Company designs and develops robotic process automation software to build, manage, run, engage, measure, and govern automations across departments within an organization. UiPath serves customers worldwide.

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UiPath Inc (PATH US)

AI Industry Primer A Survey of 50 Under-Covered Companies in Artificial Intelligence (AI)

Methodology. We reviewed 50 under-covered, AI-involved public companies (~$2.7 billion average market cap; about five analysts each) and their...

Water Tower Research

ARK Invest Short & Squeeze - Edition #3

All 6 ETFs positive in 2023 while ARKW ARKF ARKK ARKQ booming with 35%, 27%, 25% & 17% respectively. Risk appetite for the Innovation/Hyper Growth...

Maverick Equity Research

Weekly Stock Bullfinder - Week of 6/5

To mix it up this week, I am going to journal out the top chart patterns I generally look for when scanning and reviewing charts.

Weekly Stock Bull Finder

UiPath Rockets After OpenAI & Nvidia Deal—Is This the Future Of AI Automation?

UiPath saw a near-10% spike in its share price after unveiling high-profile partnerships with OpenAI, Nvidia, and Snowflake, signaling a renewed...

Baptista Research

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AI Flow Newsletter : Monitoring The "Currents" Of AI - 3 March 2026

We remain highly bullish on AI capability and adoption, but job displacement is real and gains are concentrating, not spreading.

Water Tower Research

AI Industry Primer A Survey of 50 Under-Covered Companies in Artificial Intelligence (AI)

Methodology. We reviewed 50 under-covered, AI-involved public companies (~$2.7 billion average market cap; about five analysts each) and their...

Water Tower Research

ARK Invest Short & Squeeze - Edition #3

All 6 ETFs positive in 2023 while ARKW ARKF ARKK ARKQ booming with 35%, 27%, 25% & 17% respectively. Risk appetite for the Innovation/Hyper Growth...

Maverick Equity Research

Weekly Stock Bullfinder - Week of 6/5

To mix it up this week, I am going to journal out the top chart patterns I generally look for when scanning and reviewing charts.

Weekly Stock Bull Finder

UiPath Rockets After OpenAI & Nvidia Deal—Is This the Future Of AI Automation?

UiPath saw a near-10% spike in its share price after unveiling high-profile partnerships with OpenAI, Nvidia, and Snowflake, signaling a renewed...

Baptista Research