MBI Deep Dives

MBI Deep Dives

Alphabet 2Q'25, Corpay M&A, Portfolio Changes

Alphabet had another fantastic quarter. Admittedly, I am a bit surprised that the stock didn’t react even more positively. Here’s my highlights from the earnings. Revenue On an FX adjusted basis, Alphabet increased its revenue by 13% in 2Q’25 (~100 bps tailwind from FX). For the 12th

Danaher 2Q'25 Update

While S&P 500 is at its all-time high, Danaher is still ~34% below its peak from late 2021. The company was beleaguered with pandemic hangover and destocking trends for much of 2022-24 period. While the worst seem to behind them, the business isn’t quite humming enough to

Tariff conundrums, AI capex boom, Edge computing fallacy, AI ARR chicanery

A Programming Note: A couple of you have given me the feedback that instead of generic title of the Daily Doses, I should mention the topics covered in the title/email subject. As you can see, I have decided to implement it from today. Tariff conundrums While there was a

Cognex: Agents of Automation

You can listen to this Deep Dive here In 1981, Robert Shillman, a young lecturer in human-visual perception at MIT, resigned his faculty post, and teamed up with two of his top graduate students, Bill Silver and Marilyn Matz, to found a little startup in Massachusetts called Cognex. The name

MBI Daily Dose (July 20, 2025)

Companies or topics mentioned in today's Daily Dose: YouTube, Replit A Programming Note: There will be no Daily Dose email tomorrow as I will be publishing my Deep Dive on Cognex tomorrow. A good rule of thumb is you will only receive one email from me everyday. So

MBI Daily Dose (July 19, 2025)

Companies or topics mentioned in today's Daily Dose: OpenAI Agent, Elephant Graph OpenAI launched “OpenAI Agent” last week. It’s basically a marriage between “Deep Research” and “Operator”, but what’s new is the orchestration layer on top i.e. an agentic planner that decides when to invoke

MBI Daily Dose (July 18, 2025)

Companies or topics mentioned in today's Daily Dose: AMA, Voidware, OpenAI's Monetization AMA: David Kim from Scuttleblurb and I will record an AMA episode for the next Never Sell podcast. Please reply to this email to send your questions! Matan Zinger acquainted me with a term

MBI Daily Dose (July 17, 2025)

Companies or topics mentioned in today's Daily Dose: Google, US innovation, Aging gracefully “Search Engine Land” published some interesting data about the evolution of Google Search post-AI Mode launch. Some key excerpts from the piece: The biggest shift has been from 1-2 word keywords to 3-4 word search

MBI Daily Dose (July 16, 2025)

Companies or topics mentioned in today's Daily Dose: Extreme leverage of AI Research team with high talent density, GLP-1 impact on Life Insurance I have been pondering about Zuck’s recent hiring spree of AI researchers. I walk ~10,000 steps everyday and during my afternoon walk yesterday,

MBI Daily Dose (July 15, 2025)

Companies or topics mentioned in today's Daily Dose: Future of Enterprise software, Some cold water on AI productivity, AWS vs GCP A Programming Note: A number of you have asked whether the Daily Dose might be a short-term experiment. Given the positive feedback I have received so far,