I am thrilled to announce that we have closed on our acquisition of ETR (Enterprise Technology Research) bringing Wall Street’s premier technology intent spending data together and its extensive list of institutional clients under The Futurum Group umbrella. Welcome to Futurum, team @ETRnews. We cannot wait to bring our new combined offerings to our customer ecosystem. 👏🏻

The market still does not appreciate the amount of time it takes to get from NVDA rev rec to first production tokens at end customer

The set up is there across AI server, storage, and networking, with increased enterprise and sovereign AI adoption, the company is well positioned. I’m eager to see what $HPE can deliver after the bell.

Better decisions require better signal. @TheFuturumGroup has entered into a definitive agreement to acquire @ETRnews, a planned combination designed to strengthen how organizations validate strategy, understand market movement, and act on decision-grade intelligence. ETR’s longitudinal enterprise technology spending data is expected to add new depth to Futurum’s intelligence, advisory, subscription research, custom research, and strategic content capabilities. Explore what this planned acquisition means for technology leaders, investors, and enterprise teams 👉 buff.ly/wUrerxl #TheFuturumGroup #ETR #MarketIntelligence

Wall Street already runs on ETR's signal. Today, Futurum signed a definitive agreement to acquire the dataset institutional investors trust to read enterprise tech spend. Here is why it matters. → 9,000 enterprise IT decision-makers feeding real spending intent, not vendor-sourced guesses → $2 Trillion in tracked technology spend that hedge funds and institutions use to call the print before the print → The earliest read on who is winning and losing budget across every major name in tech → Now sitting on the Futurum Intelligence Platform, paired with our analysts, our coverage, and our reach The legacy research firms tell you what happened last quarter. This data tells you what is happening right now. Research built on evidence. This is what AI-native looks like when it has the data to back it up. Futurum and ETR. Subject to customary closing conditions.

One of the biggest requests I’ve gotten was for more short-form video content so we launched a new FE YouTube series with 5-10 minute earnings breakdowns & company deep dives. So far we’ve covered: • Everything you need to know about SpaceX IPO • Why $MELI is one of best opportunities in market • How $TE fits into power bottleneck behind the AI buildout • Why I own $IREN & why market may be underestimating its $NVDA alignment & hard-to-replicate power footprint • Earnings reactions from $PLTR, $DOCN, $AMD, $ARM, $DDOG, $TMDX, $ASTS, $HIMS, $NBIS, $EOSE, $ONDS, $ZETA & $NVDA I plan to keep posting 6 to 8 videos per week, so let me know which earnings or companies you want me to cover next.

The next major compute category may not be on Earth. 🛰️ As AI infrastructure demand increases, hyperscalers and governments are running into physical constraints across power, cooling, permitting, and grid capacity. Orbital computing is quickly becoming a serious conversation for the future of AI infrastructure. 🎙️ Join @BrendanBurkeX, Research Director at @TheFuturumGroup, and @smithksa, VP & Practice Lead, for a live discussion examining findings from Futurum’s latest report, 𝘖𝘳𝘣𝘪𝘵𝘢𝘭 𝘊𝘰𝘮𝘱𝘶𝘵𝘪𝘯𝘨 𝘊𝘢𝘯 𝘙𝘦𝘢𝘤𝘩 $1 𝘛𝘳𝘪𝘭𝘭𝘪𝘰𝘯 𝘈𝘥𝘥𝘳𝘦𝘴𝘴𝘢𝘣𝘭𝘦 𝘔𝘢𝘳𝘬𝘦𝘵 𝘣𝘺 2030. The discussion will cover: • What orbital computing is • How reduced launch costs are changing the path to commercial scale • The roles SpaceX, hyperscalers, governments, and semiconductor vendors are playing in building this emerging ecosystem 📅 Live Webinar Thursday, May 21 🕙 10:00 AM PDT 👉 Reserve your spot: buff.ly/5aKhEiA #Futurum #OrbitalComputing #AIInfrastructure #SpaceTech

Futurum Equities Research initiates AI semiconductor coverage today. We anticipate $10T in AI infrastructure spend through 2030 as the semiconductor stack becomes the operating leverage layer of the AI economy.

🚨 Marc @Benioff is confirmed to open The Six Five Summit: AI Unleashed 2026. We're thrilled to have the @salesforce Chair & CEO kicking off three days of executive conversations focused on the operational realities of AI. Marc will set the tone with his take on where enterprise AI is heading next and the realities of deploying AI within large organizations. As the conversation shifts from pilots to production, AI Unleashed 2026 will explore what it actually takes to operationalize AI across infrastructure, cloud, edge, data, and enterprise workflows at scale. No travel. No noise. Just the inside edge on your schedule, August 25-27. Registration is free. sixfivemedia.com/summit

SpaceX recently filed its confidential S-1. Almost nobody has seen it yet. So @AugmentMarkets reverse engineered it, and I used that for a full teardown. Here's what a $1.75 TRILLION IPO looks like when you break it down segment by segment, year by year, through 2032. 🧵👇

Enterprise agent adoption is moving faster than governance infrastructure. The Futurum Agent Control Plane Framework addresses that gap with a 5-layer model that separates agent capability from agent authority and defines what production control requires across execution, permissions, policy, and coordination. It provides a shared structure for evaluating how agents can be deployed with the oversight production environments require. 📊 Explore the reference model for production AI agents: buff.ly/zfSURmO #FuturumResearch #EnterpriseAI #AgenticAI

With all the capital being poured into AI, it’s a real shame that no one has put up the funds for a Silicon Valley reboot focused on the GenAI era. Near guaranteed to be a better investment than half the vibe-coded “apps” or GPU REITs floating around there. The tech industry is at its best when it can laugh at itself a little bit, and there is so much untapped comedy fodder out there going to waste day to day.

This is a great win for CoreWeave and indicative of exactly the type of AI-native application that the company wants to build around as they expand their customer footprint beyond the frontier labs. This win should also alleviate some investor concerns about the useful life of its GPUs, as the inference counterweight to training workloads ensures strong lifecycle ROI on GPU investments. @CoreWeave @perplexity_ai

A recurring theme from this week’s meetings: Founders have massively unlocked engineering speed. Now the org has to keep up. Product compounds weekly. Marketing updates nonstop. Sales is still absorbing last week’s release. This isn’t instability. It’s acceleration. Need to pick your battles and prioritize. Velocity is no longer a code problem. It’s an org design problem

AI delivers scale, objectivity, and reach. Human analysts deliver context, nuance, and strategic interpretation. 𝘍𝘶𝘵𝘶𝘳𝘶𝘮 𝘚𝘪𝘨𝘯𝘢𝘭 brings these strengths together in a living evaluation engine. By integrating @G2dotcom voice-of-customer data with @TheFuturumGroup’s proprietary intelligence and expert analysis, the framework reflects true market readiness as it exists today, not as it appeared last quarter. This is not automation replacing expertise. It is intelligence amplified through technology. Learn more at: 👉 futurumgroup.com/signal #FuturumSignal #MarketIntelligence #EnterpriseTech

Massive overreaction. $CRWV is accelerating CAPEX to capture new and existing client demand. Market is underestimating long term revenue potential and significance of $NVDA partnership IMO.

Really solid results from $SNOW, one of the easier software companies to get behind given their role in the data ➡️ AI pipeline