Agentic AI

Stocks · key Fib levels

• DOCNDigitalOcean Holdings, Inc.

  $144.58last

  $71.00fib

  +103.6%vs fib
  anchored by undisclosed (long-tail: 600k+ SMB/developer accounts, no single customer >2% of revenue) · undisclosed (Paperspace AI/ML cohort — indie AI builders + small inference shops) · undisclosed (Cloudways managed-hosting agency channel)
  • ▸AI customer ARR up 150% YoY to $120M
  • ▸>70% of AI revenue from inference services
  • ▸$1M+ customer ARR up 123% YoY to $133M
• FSLYFastly, Inc.

  $18.56last

  $17.00fib

  +9.2%vs fib
  anchored by Shopify · Reddit · Stripe · The New York Times · Spotify
  • ▸**2024 Q3** - Vimeo migrated bulk traffic to $AKAM, material revenue headwind disclosed
  • ▸**2024** - Signal Sciences integration completed, security now ~15% of revenue
  • ▸**2020** - TikTok pulled traffic during US political scrutiny, ~12% revenue hit at the time
  • ▸**Compute@Edge** - GA since 2021; usage growing but not broken out as % of revenue
  • ▸**Enterprise customers** - 600+ enterprise relationships, top 10 historically ~35% of revenue
• IBMInternational Business Machines Corporation

  $286.25last

  - fib
  anchored by Global banks & financial institutions · US Government · Telecom & large enterprises
  • ▸2026-05-21 - US Commerce Dept letter of intent: ~$1B federal grant plus a minority government equity stake in IBM, part of a $2B national quantum package; jointly funds the "Anderon" 300mm quantum wafer foundry in Albany, NY ($1B CHIPS Act incentives + $1B IBM)
  • ▸2026-05 - Project Lightwell: $5B and 20,000 engineers committed to securing open-source software at enterprise scale
  • ▸2026-05 - >$10B five-year quantum commitment reaffirmed; fault-tolerant quantum computer targeted by 2029
  • ▸2026-04-22 - Q1 2026 print: revenue $15.9B (+9% YoY); Software $7.05B (+11%, Red Hat +13%, Data +19%); Infrastructure $3.33B (+15%, IBM Z mainframe +51%); non-GAAP EPS $1.91 (vs $1.81 cons); FCF $2.2B; quarterly dividend raised to $1.69
  • ▸2026-03-17 - Closed ~$11.6B all-cash acquisition of Confluent (CFLT) at $31/share, adding real-time data streaming to the Software segment; CFLT delisted from Nasdaq
  • ▸FY2025 - Revenue $67.5B (+6% YoY); net income from continuing ops $10.6B; free cash flow ~$14.7B
  • ▸2026 guidance - >5% constant-currency revenue growth; free cash flow ~$1B higher YoY
  • ▸Snapshot 2026-05-30: price ~$296 (2026-05-29 close); mcap ~$278B (~938.5M sh); repriced from ~$222 (2026-05-20) on the quantum-funding catalyst
• NETCloudflare, Inc.

  $246.31last

  $205.00fib

  +20.2%vs fib
  anchored by IBM · Shopify · DoorDash · Canva · Discord · Thomson Reuters · Loblaw · L'Oreal
  • ▸2026-04: Workers AI generally available across 330+ cities; $NVDA GPU inventory deployed in 180+ POPs
  • ▸2026-03: Q4 '25 print - revenue +27% YoY, $100k+ customers crossed 3,300
  • ▸2026-02: R2 Object Storage zero-egress positioned vs $AMZN S3 - referenced by multiple AI training shops
  • ▸2025-09: Cloudflare One Zero Trust suite added to FedRAMP Moderate authorization
  • ▸2025-Q4: Disclosed multi-year 8-figure ARR deal with undisclosed Fortune 100 financial services firm
  • ▸2025: AI Gateway + Vectorize + AI Audit launched as the AI-app control plane
• PATHUiPath Inc.

  $11.55last

  $10.00fib

  +15.5%vs fib
  anchored by US Department of Defense · Uber · Wesco · CrowdStrike · Generali · undisclosed federal agencies
  • ▸2024-Q4: Crossed $1.5B ARR; ~10,800 customers, ~2,200 with >$100k ARR
  • ▸2025-03: Autopilot for Everyone announced - generative-AI layer over existing RPA
  • ▸2025-10: Agent Builder + Agentic Orchestration GA at FORWARD conference
  • ▸2026-Q1 (Apr): ARR ~$1.7B reported, NRR ~110%, ~2,500 customers >$100k ARR
  • ▸2026-03: Founder Daniel Dines returns as sole CEO; Rob Enslin departs - explicit pivot to agentic
  • ▸Public sector: DoD ESI agreement, multiple US federal + state contracts (specific dollar values undisclosed)

Co-movement matrix (252d)