Investing in Persistent Growth Markets occasionally misprice persistent growth opportunities, and that is the essence of great growth investing. Read More Companies of Note Gene Munster, Brian BakerApple Intelligence in China Should Move The Growth NeedleApple's reported partnership with Alibaba to bring AI to China alleviates some of the headwinds Apple has been facing in the region for the past two years. Apple’s path forward in China will depend on how well it integrates AI into its devices, navigates growing nationalist sentiment, and adapts its pricing strategy to match shifting consumer behaviors.Read more Ali Baba, Apple Gene Munster, Brian BakerInvestors Still Doubt That the AI Hardware Trade Is Alive and WellAll four key hyperscalers guided CapEx spending in 2025 to grow at a faster rate than previously anticipated before the DeepSeek scare. This signals that the most advanced AI companies in the world believe the path to AGI will demand an obscene amount of hardware. Yet, despite this clear trajectory, many AI hardware companies are still struggling to recover from the losses triggered by DeepSeek.Read more Artificial Intelligence, Nvidia, Vertiv Gene Munster, Brian BakerChina and EU Aim Tariff Counterpunch at Big TechGive credit to China and the EU for threatening a counterpunch in trade negotiations that have dragged Big Tech into the mix. Their goal? To land a blow on the pride of American innovation - delivering a black eye that applies greater political pressure than targeting less visible segments of the U.S. economy.Read more Markets What Does DeepSeek Mean for AI?What Does DeepSeek Mean for AI? Not as much as the market would have you believe. This past Monday, most publicly traded AI companies saw a sharp devaluation from the emergence of a new AI model called DeepSeek R1. DeepSeek…Read more Artificial Intelligence Gene Munster, Brian BakerJensen’s CES Keynote Message: We’re Still Early in the AI Hardware BuildoutJensen Huang's marathon hour-and-a-half CES keynote emphasized that we are still in the early stages of the AI hardware buildout. He highlighted that scaling laws are holding, Agentic AI will soon drive exponential workloads requiring Nvidia chips, physical AI is still nascent but positioned as part of a 10-year investment phase for AI hardware, and consumer AI hardware is expected to arrive in 2025.Read more Nvidia Deepwater’s 2025 PredictionsContinuing our annual market predictions into the 9th year, here’s what we think will happen in 2025: The Nasdaq will see two 10% pullbacks, and still finish the year higher than it started – We still believe we are in…Read more Future, Markets Gene Munster, Brian BakerSalesforce’s AI Message is Resonating with InvestorsThe AI trade still has room to grow as the spotlight gradually shifts toward software, underscored by investors' reactions to Salesforce's comments following their most recent quarter. The bottom line is I believe that while software companies have yet to see significant AI-driven revenue acceleration, investors are increasingly confident that day will come. This is good news for my view that AI will continue to be the catalyst driving the market higher, until it eventually bursts.Read more Artificial Intelligence Load More Go Deeper Philosophy Learn how we think. From time to time, we find it helpful to articulate our investment philosophies in writing. Read The Newsletter Our work sent directly to your inbox. Subscribe to our newsletter for a regular summary of our work, along with links to stuff we’re reading. Subscribe Deepwater TV Insights, interviews, and debates on topics we find relevant to growth investing. Watch