Follow the evidence and assumptions behind each valuation.
Uber is already producing more than $10B of trailing free cash flow. The valuation hinges on whether autonomous vehicles strengthen its demand network or remove the intermediary—and whether Delivery Hero earns its…
Amazon is posting faster AWS growth and higher operating margins while AI infrastructure spending depresses free cash flow. The valuation depends on how quickly that spending turns into durable cash generation.
Bond markets are demanding a higher price for capital while the AI buildout is running into physical constraints.
MNTN is growing its customer base quickly while improving margins and cash generation. The key question is whether spending by newer customers can rise enough to sustain that growth.