The Index
400 dossiers
A research screener for every company we cover. Search a name or ticker, then sort and triage dossiers by coverage freshness, our conviction and trading relevance.
No call1 name· avg TR 8 | ||||||||
| First public print HARDENS the bear-leaning thesis — the OpenAI "diversification" is now a quantified circular liability ($1B customer loan on the balance sheet + warrants) and the Q2 gross-margin guide-down to 36–38% (from 47%) plus FY26 op-margin of −28/−32% prices the OpenAI ramp as expensive-before-profitable. FY26 revenue guide $855–865M comes in BELOW my $1.0B forecast. WATCHING, bear-leaning on valuation + margin trajectory. | — | 8 | ||||||