#valuation

#valuation

Gwynne Shotwell joined SpaceX in 2002 as its seventh employee and has never stopped expanding her role. She oversees day-to-day operations across multiple executive teams spanning Falcon, Starlink, Starship, and now xAI following SpaceX's February 2026 merger with Elon Musk's artificial intelligence company.

Nebius Group's stock has been volatile, with a potential double-top pattern emerging. The company is raising $4 billion, raising concerns about shareholder dilution amidst significant AI investments.

Is there finally a market for performance art? We're seeing more and more performance in galleries, art fairs, and other commercial art spaces these days.

Brown-Forman is the largest American-owned global spirits company. It sells whiskey, bourbon, tequila, rum, gin, and more. Its crown jewel is Jack Daniel's Tennessee Whiskey, one of the most recognizable spirit brands on the planet, but the portfolio also includes Woodford Reserve, Old Forester, Herradura, el Jimador, Diplomático Rum, Gin Mare, and GlenDronach Scotch. You're looking at a company commanding an estimated 34% of the total U.S. Whiskey & Bourbon Distilleries industry revenue.

Sonoco Products ( NYSE: SON) shares reached a 52-week high of $57.83 this week after strong 2025 results and 2026 guidance. That marks a 30% year-to-date surge that has far outpaced the S&P 500's fractional gain. The packaging company's rally accelerated following the February 17 earnings. With the stock at 52-week highs and technical indicators flashing warning signs, investors face the critical question of whether this momentum is sustainable or the valuation catch-up has run its course.

Snowflake Inc. ( NYSE:SNOW) provides the data cloud infrastructure that AI applications depend on, but its path to profitability remains uncertain. The company reported Q3 2026 revenue of $1.21 billion, beating estimates of $1.18 billion with 29% year-over-year growth. Product revenue reached $1.16 billion, while the company maintained a strong 125% net revenue retention rate. CEO Sridhar Ramaswamy highlighted that Snowflake Intelligence, the company's AI capabilities platform, achieved the fastest adoption rate of any product launch in company history.

However, alongside these tangible indicators sits another layer of value, one that does not always surface cleanly in financial statements and may even remain invisible if it is not properly understood or articulated: Put simply, intangible assets are the non-physical elements a company has built that enable it to generate revenue, scale efficiently, or defend its market position. In technology companies, this typically includes proprietary software, intellectual property, datasets, customer relationships, brand equity, and internal systems or processes.

The Trade Desk operates a demand-side platform (DSP), a type of adtech software that helps media buyers plan, measure, and optimize data-driven campaigns across digital channels. The most recent version of its DSP, called Kokai, leans on artificial intelligence (AI) to manage budgets, customize bids, and dynamically target audiences. The investment thesis for The Trade Desk revolves around its independent business model, meaning it does not own media content that might bias ad spending on its platform.

Snap SNAP reported fourth-quarter revenue of $1.72 billion, up 10% year over year, largely due to strength in average revenue per user. Adjusted EBITDA margin came in at 21%, up 300 basis points from the prior year, owing to growing operating leverage and a favorable sales mix. Why it matters: Despite a 5% year-over-year decline in global daily active users, or DAUs, traction in high-margin offerings such as Snapchat+, Sponsored Snaps, and Memories Storage Plans improved core platform monetization, supporting both top-line and profitability expansion.

Anyone in marketing gawking at the near-billion price tag attached to TikTok creator Khaby Lame and his deal with Rich Sparkle Holdings isn't really looking at innovation. They're witnessing faith. Faith in what this industry has collectively agreed to let numbers represent. Because that $975 million valuation doesn't seem to be rooted in the nuts and bolts of Lame's company Step Distinctive Limited's financials so much as the gravitational pull of his audience.

According to The New York Times, the new Waymo funding came from Alphabet, Dragoneer Investment Group, DST Global, and Sequoia Capital. The fact that investors outside Alphabet put money in is a vote of confidence. The investment puts Waymo's valuation at $126 billion. Ford's market cap is $55 billion and GM's is $78 billion. The disparity highlights the hurdles to the industry's growth.

Shares of AppLovin (NASDAQ: APP), the volatile, mobile game-focused adtech stock, were moving lower last month as the company faced another short-seller attack, software valuations came under scrutiny due to threats from AI, and Google unleashed a new platform for AI game creation, which was seen as a threat to gaming stocks. As a result, AppLovin stock fell sharply last month, closing January down 30%, according to data from S&P Global Market Intelligence.

SoFi Technologies (Nasdaq: SOFI) crossed the $1 billion quarterly revenue threshold for the first time in company history, delivering Q4 2025 results that beat estimates across the board while adding a record 1 million new members. The fintech platform reported revenue of $1.01 billion versus the $982 million consensus, alongside GAAP EPS of $0.13 that surpassed the $0.12 estimate by 8%.

Elon Musk has suggested timing a possible initial public offering of SpaceX to coincide with a planetary phenomenon and his birthday in June, the Financial Times reported. The owner of the rocket maker is considering timing the offering to coincide with when Jupiter and Venus appear very close together, the FT reported, citing five people familiar with the matter. That suggests a date in the middle of June, the same month the billionaire turns 55.

ASML Holding (NASDAQ:ASML) just delivered the numbers Wall Street has been waiting for. The Dutch semiconductor equipment maker reported Q4 2025 orders that smashed analyst estimates, driven by insatiable demand for the advanced lithography systems that make cutting-edge AI chips possible. This isn't just a beat on expectations. It's confirmation that the AI infrastructure buildout is accelerating, not slowing down.

Anthropic has doubled the amount of VC funding it aims to raise, the FT reports, increasing the target from $10 billion to $20 billion. The round, expected to close soon, will give the company a valuation of $350 billion, sources told the FT. Anthropic, which makes the popular AI Claude and the equally popular Claude Code, decided to double its funding target due to booming investor interest.