If you are looking for disruptive companies with sticky high revenue growth that have also just sold off hard as part of this year’s economic fears, consider ServiceNow (down 27% ytd). It’s a leader in cloud-based workflow automation solutions, benefiting dramatically from the ongoing digital revolution and AI megatrends. This report reviews ServiceNow’s business, market position, growth prospects, valuation and risks, and then concludes with my strong opinion on investing.
CoreWeave: Despite Big Risks, Massive AI Upside
CoreWeave is a Generative-AI cloud platform on the frontlines of the AI infrastructure megatrend. As a new IPO (March 28, 2025), the company basically helps hyperscalers get up and running fast with early access to leading Nvidia GPUs optimized for AI. Microsoft is their biggest customer at 62% of revenues, but OpenAI signed a big deal in March that should make the future revenue split about 45% OpenAI and 23% Microsoft. This report reviews the business model, market position, growth prospects, valuation and risks (including tariffs and macroeconomics, to name two), and then concludes with my opinion on investing.