IP

Massive-Leopard2202

The value of non-commodity alloys comes primarily from their intellectual property, not the materials, so thats not a valid comparison. cryptocurrencies dont derive their value from IP.

ErictheAgnostic

PLTR's value is based on the percieved value of their IP and use of AI....to create that value... Cart before the horse and if AI is in a bubble - PLTR is at the tippity top of that bubble

iBoughtAtTheBottom

I tried. They IP blocked me from using it.

StatisticalMan

If you are a qualified investor I would recommend a pre-IPO platform like equityzen. Got CRCL shares at $24. Now had to hold them a year before the IP and they are in post-IPO lockup until Dec. By the time it comes to the IPO itself it is a crowded field.

amg-rx7

I'm in the US so no idea what a PPOR or IP or Super is. Post some ticker symbols of the investments and allocation percentages.

Suspicious_Line1689

Intel is now US government backed, the same way Korea backs Samsung and Taiwan backs TSMC. Government backing means Intel will now be able to compete with their Asian counterparts by counteracting unfair trade practices, IP theft, favoritism, etc. You can be damn sure the US gov will force all the big US fabless to use Intel’s fab to some degree over time, especially Apple. Intel for sure is going towards $1T within a couple of years. Don’t be mad you sold at the worst possible time.

theycallmeJTMoney

Isn’t these AI model’s strength the ability to make contextual assumptions with large data sets? AI isn’t just the engine but the data it needs to parse to for you what it thinks you’re asking. As a side note, all this said data, including copyright IP is being harvested for free. I’m not sure that dynamic lasts forever. I’m also concerned that with the dead internet theory, that data will be come less and less reliable with AI feeding off of other AI erroneous data.

LeftTesticleOfGreatn

And it's failed spectacularly at it! Bitcoin is ridiculously easy to track for the government, every single transaction tied to a IP and MAC adress (user). A quick mandatory check of your digital platforms (phone, pc) will confirm holdings and even a cold wallet is easy to confiscate. As for password the government has ways to make people talk. Ask people in Russia or China, their government are *the worlds largest bitcoin holders* due to state run mining and *illegal confiscation*. Also the intrinsic value of bitcoin is $0, it's litterary worthless outside short lived speculation.

JG98

>CRISPR has nothing on Sana. CRISPR is pursuing a device based approach based on Viacyte IP, which has failed over and over. Their deviceless approach is research stage (in other words, they have nothing) and there's no reason to believe they will use immune evasion methods that circumvent Sana's IP. Cripsr was a partner in that research and they were/are concurrently developing multiple methods for treatment. Your research isn't even fully clear on the biggest competitor working in this space. The device based approach was one approach, the failure of the treatment was not with the cells but rather with the pouch system itself that they have continued to develop. They are also working on a deviceless option which will be pure gene editing. Do you even know why they are working on a pouch protected option? Due to the major concern with offshoot effects from editing cells, which is something that has at least resulted in on market treatments unlike outright immune evasion. Crispr also has the advantage of having treatments on market. >Sana's technology has also been in development for more than a decade. The immune evasive tech was being worked on in academia well before the company was founded. They strategically positioned themselves extremely well. They have rights to all the IP needed for a functional T1D cure. And cas9 gene editing has resulted in actual treatments on the market, so point being? The specific editing technology is not the differentiator for Sana, you should play up at least the proper aspect of what they are doing. What you should be playing up is the actual approach in immune cloaking, the rest is irrelevant and not really much of a differentiator from cas9 or any of the other technologies used for similar purposes (ie. cas13). >It will probably be around 5 years to reach approval. This is literally the biggest meme on all the diabetes forums on this site. Feel free to give it any of those subs a look lmao. I've heard the same for dozens of solutions over the years, including for the highly hopeful ones for which I have been in the clinical trial eligibility stage (that includes Crispr/vertex before they split the product development and the trial was cancelled and relocated). >Moreover, their first phase 1 trial data, which we have every reason to believe will be positive, is extremely likely to be released next year. It will not take 5 years to know if their cure will work. Biologists who understand their tech deeply can already see it will work. Ah yes, this time will be different. No idea how many times I've seen reddit experts state the same. >Definitive larger scale data showing it working will be released in 1-2 years. The valuation will increase as that data is released. As I've said numerous times, they are completely undervalued right now, worth about half of what Vertex paid for a cure that won't work. I believe they are undervalued too, with risk adjusted expectations for the sector of course, but that is without the biased hype and purely based on the potential for even a first to market with limited scale solution. The Crispr solution is not any worse positioned to succeed, it ultimately comes down to offshoot effects/risks. 3/3

Floppedthenuts_

DFLI latest patent The patent filed by Dragonfly Energy appears to cover a mesh-networked communication system among multiple battery systems or modules, enabling data sharing, error propagation, robustness even when node(s) are unpowered, integrated into their “IntelLigence” platform. The announcement indicates that this will strengthen their IP and product offering.

Intrepid_Web5454

This is just misinformation. I've also followed this space closely. Sana has all the credibility in the world. Have literally published in all the best journals, world's leading scientists in this space have praised them. Sana's approach is completely different to what Viacyte and others have tried, you're comparing apples to oranges. It's very easy to see why Sana's tech works. Nobody has done completely immune evasive islets before them and nobody, not even CRISPR is even close. There is no reason Sana needs to implant anywhere other than the forearm. There is plenty of space and they've demonstrated the islets survive just fine there. They will be able to scale up. Those concerns are completely overblown. It takes \~1 billion cells to treat 1 patient. This is not a significant number of cells. That amount of cells can fit on your fingertip. It's a question of how cost-effective it will be for them to scale up, but this is a problem that can be solved at the very least with more capital. They have automated GMP manufacturing processes in place. CEO has given guidance that starting out they will be able to treat 10k-100K patients per year, which while small compared to the total T1D population, would still be extremely lucrative (likely high single to low double digit billion dollar annual revenue depending on their pricing). CRISPR has nothing on Sana. CRISPR is pursuing a device based approach based on Viacyte IP, which has failed over and over. Their deviceless approach is research stage (in other words, they have nothing) and there's no reason to believe they will use immune evasion methods that circumvent Sana's IP. Sana's technology has also been in development for more than a decade. The immune evasive tech was being worked on in academia well before the company was founded. They strategically positioned themselves extremely well. They have rights to all the IP needed for a functional T1D cure. It will probably be around 5 years to reach approval. This is very simply not a long time. Moreover, their first phase 1 trial data, which we have every reason to believe will be positive, is extremely likely to be released next year. It will not take 5 years to know if their cure will work. Biologists who understand their tech deeply can already see it will work. Definitive larger scale data showing it working will be released in 1-2 years. The valuation will increase as that data is released. As I've said numerous times, they are completely undervalued right now, worth about half of what Vertex paid for a cure that won't work.

betadonkey

Because NVIDIA is an American company subject to American export laws. Beyond that, the US government was also the primary financier behind ASML EUV development and I believe still holds significant IP in the venture. So even the chips made in Taiwan are still under multiple umbrellas.

southflhitnrun

So, anything and everything stores on Amazon Cloud can be used to train AI. The idea of owning IP has completely disappeared.

LumpaLard

I commented on the other post on this stock but: CSAI’s latest filings suggest revenue remains under $2–3 million annually with high cash burn. Achieving 300 percent growth would require both new client onboarding capacity and capital expenditure that the company cannot currently fund organically. Applying an 8x–10x EV/Sales multiple is unjustified for a microcap with no profitability, low visibility, and uncertain scaling. Such multiples apply to category leaders with high gross margins and sticky SaaS revenues.  Microcaps often cite “potential acquisition” as a bullish wildcard, but larger acquirers typically target companies with proprietary IP or recurring software ARR over $20–30M, not hardware-heavy firms with limited cash runway.  Microcaps frequently announce buybacks but never execute them; any valuation narrative based on stated but unexecuted repurchases is a bit premature The projection ($96M–$120M valuation) excludes net debt, share dilution, or operating losses. If CSAI requires new equity issuances in 2026, per-share value will likely erode even if enterprise value grows nominally.  Client examples - couldn't see any SEC or press-verified contract figures and without these, the client examples are marketing. I'll pass on this one but happy for someone to tell me I'm wrong!

hambone_83

>Like they don't currently have an extraction business, right? Just the IP? So what customers is he talking about? He's talking about his own customers that buy GTI products. You don't need an extraction business to have use for extraction technology. Its like a car manufacturer that buys a company that builds high quality engines. They can retain the knowledge to use when making their own engines for their cars (higher quality, more margin, more features) and still sell off the plant and equipment and not participate in selling engines on the side There are a ton of reviews that came out a few months after the Agrify acquisition that have people saying their carts and dabs are so much better. I took 30 seconds and found one but there is more: [https://www.reddit.com/r/NewJerseyMarijuana/comments/1jnubx4/rythm\_has\_been\_on\_a\_roll\_recently/](https://www.reddit.com/r/NewJerseyMarijuana/comments/1jnubx4/rythm_has_been_on_a_roll_recently/) Long story short, they are making their products better and have no interest in being an extraction company for others.

GeoLogic23

Idk feels just like CEO talk to me. Feels more like the IP wasn't really with anything so they "retained" it. Like they don't currently have an extraction business, right? Just the IP? So what customers is he talking about? To me it feels like if you are planning to focus on scaling beverages nationally, then you're just going to buy bulk cannabinoids from a company that specializes in that. Like Open Book Extracts or someone. The extracted product market if gigantic, and is doing fine without RYM's extraction IP. If they are one of the first brands to really scale nationally, they'll be able to negotiate a better price on huge bulk orders of cannabinoids. This seems like a much more cost effective strategy, and i think it aligns better with how beverages are usually produced.

hambone_83

>As the sale of the Cultivation Business and the exit of the Extraction Business represented strategic shifts...... They sold the cultivation and vertical farming businesses but "exited" the extraction business. GTI retained the technology/IP they wanted and sold off the remaining assets they didn't need in the extraction business. Ben even said in the earnings call afterwards that concentrates have highly sticky customers that they get good margins from and that Agrify would help them focus on this.

knowledge-panhandler

Uber ain't booking shit in 2 years. They own no autonomous IP. Obvious af

deviousbrutus

They don't physically make anything. They are just software and chip plans. They don't "make" the chips, they design. Their designs could be easily stolen and reproduced by any government that felt they didn't care about NVIDIA's IP. The issue is there's a whole Software eco system that help protect NVIDIAs IP. For now. NVIDIA's main strength was the drivers and software libraries they produced to support using their chips with AI/Machine learning applications (CUDA). That's what put them ahead and now they're taking advantage of that head start. It will eventually fall off. NVIDIA is a software company. They don't "make" hardware. They design it. Like Apple. You consider Apple a "hardware" company today?

HelpOuta49er

Zero protections on IP and Patent theft. Estimated loss to America is 850 BILLION plus a year. As of 7 years ago. That's just American losses. Trump campaigned on forcing IP and Patent protections on China. So china continues to steal their way to the top. Total garbage "deal".

salty0waldo

The division mentioned is Westinghouse, OEM reactor company. That name held a ton of weight back in the day. They are engineering EPC and service company to summarize it. They own IP of their designs. Many of the active PWRs are Westinghouse designs. They don’t own or operate the facility. They design and build the reactors and auxiliary systems. Usually the turbines are GE products, but now I’d have to refresh what was installed at Vogtle.

LostAbbott

There are a lot of people in here talking about the WB IP, which yeah is the obvious answer.  However, they real value at WB is the back lot and their network.  WB has by far and away the largest back lot of any of the studios, they can literally turn a show out from every decade of the 18th and 19th century and probably 20 others as well.  All from their back lot.  Cars, costumes, lighting, signs, carpet, etc...  they have an amazing number of people who can pull that out and make that show.  It saves hundred of thousands of dollars(sometimes per episode) when you can tap your own resources.  Then you start to look at all of the talent behind the camera and you really start to see future value from anything your writers room can come up with.  If Netflix pulls this off I might have to figure out how to double down...

RancidSmellingShit

Nintendo was able to build an economy of scale, and keep their users in their walled garden to sell games at top price to them. They have loyal fans who love their IP. OpenAI's only chance at profits is selling ad space; it's why they tried building a social platform, and now a browser, with neither of those doing what they needed, the only option left is to shove ad space in to ChatGPT. That is truly the only place where they can profit from now and as that degrades UX, people will switch to Gemini which won't have to rely on selling in chat ads.

BrickConnectCDN

I had a 9-year-old account get banned because it got hijacked by a pornbot and they rejected the appeal when I told them to look at IP logins that clearly showed it being accessed from somewhere else. Why the hell would I bother investing in them.

trade_thriving

I've been watching Netflix's content strategy evolve and this actually makes a lot of sense to me. They're already paying Warner Bros to produce shows like Stranger Things and Wednesday - why not just own the whole operation? The DC and Harry Potter IP alone could be massive for them. I mean, Disney proved how valuable owning your content library is. But honestly, I'm a bit skeptical about the price tag here. WBD has been struggling and thier debt situation is pretty rough from what I've seen. What I'm really curious about is how this would affect thier relationship with other studios. Netflix has deals all over Hollywood - would those dry up if they become a direct competitor to everyone?

Silver-Direction-938

This is true as well. This would be the worst case scenario for shareholders, but there should be a solid 12 months time to dump shares is this starts to look likely. I think it comes down to how valuable the IP is for competitors and are they willing to let others snatch it before them.

TAKINAS_INNOVATION

The IP could be valuable. Could be used for merchandise and licensing deals in the future. But Netflix shouldn’t get stuck in a bidding war and overpay for their assets. The last big media acquisition was Disney and fox. Comcast trolled the shit out of Disney and made a bid which forced Disney to bid even higher and they overpaid for it imo.

johnny_riser

One unfortunate possibility is also bankruptcy, and a coalition will bid for the IP at semiscraps, akin to Nortel.

NoInstruction623

Yet again another 'post' disguised as a faceseek ad. Faceseek is a scam. \- You have to pay for takedowns (takedowns on the service itself) which is illegal. \- Owner is paying a service to stay anonymous off of WHOIS. \- The service does not index anything itself and steals from other REAL AI facial recognition services. \- Because Faceseek does not index anything themselves you are often lead to broken links or pages where the image is no longer available. \- The facial recognition is worse than yandex. DO NOT USE. It is a honeypot for faces and IP addresses.

DEGENMONK

Look I might be retarded but from my POV, the compamy's value dropped on a comoliance issue with stock exchange, or some thecnical financial stuff like that. It had nothing to do with what theyre developing. So my take was, maybe the market overreacted on a scare of OTC threat pr sum shit like that, but their IP might still be worth something. I guess theyre in a situation where they might need funding for furthering research but at the same time they might get delisted which scares investors away. However the CEO is mega bag holding. Thats as far as my DD goes lol. In my book, thats a risk im willing to take with a lil 2k to 3k But I had the same thought as you, I would be more comfy going in around .20 cent but like I said depending on INTS returns might just say fuck it and try to get like 10k shares.

Silver-Direction-938

The company won't go permanently under with that much IP even when the cash runs out in 2027. It will be bought, but at what price? I was hoping 40-50$, but we will find out. Trump ate the lunch from the new vaccines, way to go US of A.

Jbball9269

Tim apple needs to just come out and say that china sales are down because the Chinese steal apples IP

Books_and_Cleverness

I think tech firms’ assets being mostly IP makes it a lot easier to move earnings around. And they tend to have huge cash piles sitting around.

Cold_Designer2171

Great question (and fair) -They are in a few ways. Firstly, they overlap as comparable investments in the eyes of analysts, institutional investors, and valuation models due to shared exposure to high-growth, software-driven and security-critical technology ecosystems: 1) All three are software/IP-heavy with recurring revenue streams (royalties, subscriptions, licensing). 2) They all possess the same thematic exposure: CS, IoT, AI Detection, Recurring Revenue Models 3) Hedge funds & analysts (Barclays, RBC, Morningstar) group them in the same "Secure Connected Infrastructure" / "Edge Intelligence" baskets AND they overlap in holdings: I hope that helped, love these types of questions - keep em coming fam!

SheriffBartholomew

The company I work for has already invested millions of dollars and three years into developing their own LLM for OpenAI integration. There are a lot of privacy considerations, and tight integration into workflows and tools. I don't see companies easily jumping ship to some questionable AI run by a country with a history of IP theft. Much like the business world is stuck with Microsoft Office because of the years worth of integration into their business models, I think companies are going to be stuck with their chosen AI platform too, unless they want to spend a lot of time and money on changes.

Emotional_Deodorant

And any technological advantage Tesla held over the Chinese manufacturers was lost when they agreed with China to build the gigafactory in Shanghai. China got access to all their IP when Musk agreed to that but it was the only way to get access to the largest EV market in the world. Over time, Tesla will become more and more irrelevant as other companies (mostly Chinese) build EVs progressively better and cheaper.

african_cheetah

We know OP is honest because there’ll be no traffic from his IP to any of the nsfw subreddits.

Graylily

Tesla and meta will look very different, I think tesla will move into mostly IP and battery sales. because they own solaris's patents. I think the cars will eventually be made by someone else, or they will power other peoples cars, like a Cummings or Alice engine it will be a ford powered by Tesla. I think facebook will die or be fully reimagined again but mostly I think it will be a data hub and migration company unless they nagar to buy out and kill all the mini competitors out there

FarrisAT

Lots of IP value in Google Patents

DualDrop

I'm so glad someone posted this because I've been attempting to post DD on MSFT earnings for the last hour. [But reddit's AI filter kept on removing it.](https://i.imgur.com/C7LQ3CC.png). So I guess I'll copy/paste what I wanted to post as a comment. Right now the consensus is * Earnings per share: $3.67 * Revenue: $75.33 billion Analysts are expecting Microsoft’s Intelligent Cloud unit, which includes Azure and other cloud services, to pull in $12.8 billion for the quarter. [Cloud service revenue growth.](https://i.imgur.com/zwCFlce.png) The FactSet estimate for Azure’s year-on-year revenue growth is 38%. See, I think cloud stuff will continue to be the big driver of growth at Microsoft, as the business has proven to majorly benefit from [artificial intelligence](https://www.cnbc.com/ai-artificial-intelligence/) boom. Last quarter, Microsoft [disclosed](https://www.cnbc.com/2025/07/30/microsoft-msft-q4-earnings-report-2025.html) the scale of its Azure cloud infrastructure business in dollars for the first time. The company said revenue in fiscal 2025 from Azure and other cloud services jumped 34% from the prior year to more than $75 billion. Things were so good, it even reported a $368 billion backlog of business. Microsoft is expected to report total revenue growth of 15% for the quarter from $65.6 billion a year ago. During the call, I'll be paying close attention to Microsoft’s [capital expenditures](https://www.cnbc.com/2025/10/27/openai-spending-spree-wall-street-focus-on-capex-in-big-tech-earnings-.html?&qsearchterm=kif%20leswing) as the company races to build out the infrastructure necessary to support AI demand. Microsoft said in July that it expected to spend $30 billion in capex and assets acquired through leases during the quarter, representing annual growth of more than 50%. CFO Amy Hood told investors at the time that capex will grow in fiscal 2026, but it will be a slowdown from 2025. From my research, most analysts have a buy rating and expect Microsoft to offer healthy guidance, especially around Azure. They often mention Microsoft’s ongoing infrastructure projects and said that if the sites all get deployed, they could result in $30 billion to $40 billion in incremental annual revenue for the company. As you guys already know, much of Microsoft’s AI momentum has been attributed to its tight relationship with OpenAI. New terms in OpenAI deal = new opportunities After some negotiation, [OpenAI announced](https://www.cnbc.com/2025/10/28/open-ai-for-profit-microsoft.html) that Microsoft updated its $13 billion partnership with them, essentially restructuring and formally outlined Microsoft’s stake in the company. Under the new structure, OpenAI’s nonprofit will hold a 26% stake in its for-profit arm, worth about $130 billion. Microsoft will hold a 27% stake worth about $135 billion, and current and former employees and investors will own the remaining 47%. They still retains its slice of OpenAI’s revenue in the agreement, which Bloomberg has [reported to be 20%](https://www.bloomberg.com/news/articles/2025-10-28/microsoft-to-get-27-of-openai-access-to-ai-models-until-2032), but that would end if OpenAI achieves AGI (which an independent expert would confirm). And they still has IP rights for OpenAI’s models and products that will now extend to 2032, and access to research IP rights (how they build their models) until 2030, unless AGI is achieved. That allows it to continue to use the state-of-the-art AI in all of its existing products for the foreseeable future. This is an insanely strong position in the AI industry, even if talk of an [AI bubble](https://sherwood.news/markets/everyone-is-admitting-the-ai-boom-might-be-a-bubble/) turns out to be true. Having the uncertainty of such an important deal resolved brings some clarity to the larger AI landscape and creates some new opportunities for Microsoft. Microsoft is now free to pursue AGI on its own, or with partners. Up until now, Microsoft has mostly embraced OpenAI’s technology for use in its products (like [Copilot](https://copilot.microsoft.com/)), and doesn’t really have a large flagship AI model of its own yet (though it has built smaller, specialized models like [Phi](https://azure.microsoft.com/en-us/products/phi) and [MAI-1](https://microsoft.ai/news/two-new-in-house-models/)). OpenAI is also agreeing to purchase $250 billion worth of Azure computing (yup, that again) as part of the reworked deal. But one thing could hurt Microsoft: it has given up its right of first refusal to be OpenAI’s main computing partner. That could mean losing a lot of business from the industry leader if OpenAI takes its compute to a competitor or uses its own [Stargate](https://sherwood.news/tech/rising-ambitions-and-skyrocketing-costs-heres-what-we-know-about-project/) data centers. So what do we do for earnings? Microsoft stock has moved an average of nearly 6% following its four most recent earnings reports. In July, shares rose about 4% the day after [the company reported better-than-expected earnings](https://www.investopedia.com/microsoft-earnings-4q-fy2025-11782019) driven by cloud computing growth. Shares jumped more than 7% on [similarly strong results](https://www.investopedia.com/microsoft-earnings-q3-fy2025-11724456) in April. With analysts expecting Microsoft to report another quarter of strong revenue and earnings growth, I'm going to go ahead and get calls. We're basically all overwhelmingly bullish on Microsoft’s stock. Now getting straight calls would be really expensive, so I'm going to do a call spread. Grabbing the MSFT 10/31 580c for 2.62 and selling the 590c for 1.91. This means I can get the spread for only $71, with a possible gain of 14x if the stock goes up to 590 or +9.5%. Again, I wanted to make this as a post, but WSB wouldn't let me. I was able to successfully post it on other stock trading subs. Idk what's wrong with this place. Real DD hasn't been allowed in years....

Smooth_Initiative805

puts on IP

Fair_Philosopher575

$IP $BBD call, 1 of these could be a banger. I will happily take both

jcodes57

Do you have any opinions on $MBOT ? Obviously they were going to pump on the FDA news but they had been healthy in the 2.50-3.00 range for months prior, pumped, and has since plummeted now close to 2.00…. Like I said, expected pump on that good news but was expecting a higher floor for a company with good product, FDA approval, some moat from IP, and relatively healthy financials for a pre revenue company that’s now able to start commercialization phase. For those reasons I had always planned on it being a long term hold but 33% down from cost basis hurts my confidence a bit.

Aggressive-Bison-328

Yet again another 'post' disguised as a faceseek ad. Faceseek is a scam. \- You have to pay for takedowns (takedowns on the service itself) which is illegal. \- Owner is paying a service to stay anonymous off of WHOIS. \- The service does not index anything itself and steals from other REAL AI facial recognition services. \- Because Faceseek does not index anything themselves you are often lead to broken links or pages where the image is no longer available. \- The facial recognition is worse than yandex. DO NOT USE. It is a honeypot for faces and IP addresses.

Final-Weekend-4826

It is my understanding that Duke University owns all the IP. I could be wrong, but can’t find anything to prove otherwise.

DanHwilliams77

?? CEO never worked for Health Canada IP is weak and no clinical data on IP product and now doing AI BS moves

qctireuralex

sing it with me. LOCK EM UP. LOCK EM UP. LOCK EM IP

generally_unsuitable

They had five divisions at the time of the sale. IP, Maps, Nokia-Siemens Networks, Design, and Mobile Telephony. They sold the last two to MS, who wanted to use it as their vehicle for the Windows Mobile platform. I believe the sold their map division to a european auto consortium (HERE). Around that time, they bought out Siemens and changed the name of one division to Nokia Solutions Networks. Around that time, IP and NSN were netting 2-3 billion in profit every year. A far fall from 17 years of market dominance, but 99% of companies would sacrifice their mothers for $2billion in annual profit. I don't know how they're doing now. Like the rest of the world, I don't follow them. But I'd expect that their holdings are still valuable, and they shrunk from around 100k employees to barely 5 figures. Do they have another act? Who knows?

Technical-Activity95

they dont manufacture mobile phones anymore and their Meego ecosystem lost against apple and google android and they sold that business to microsoft. they still hold their tech IP of course

generally_unsuitable

Not really. They gave Microsoft 5 years to do something with it, and then they were allowed to get back into mobile telephony. Immediately afterward, they licensed the name to some finns who continued the work. From what I understand, one out of every three cellular repeaters is an NSN product. Also, being the industry leader means they have a LOT of IP. I was told that Nokia's IP portfolio earns about $7 every time you buy an iPhone.

Objective_Dish_6983

The United States stands to gain significant long-term leverage through a coordinated partnership between Argentina and Australia, using agriculture and resource policy as dual levers of influence. Argentina contributes vast grasslands and low-cost beef production, while Australia offers mineral abundance, logistical stability, and traceability systems respected worldwide. Linking both nations under a single cooperative framework enables the U.S. to stabilize global beef supply, secure access to critical minerals, and shape food and commodity prices rather than chase them. ⸻ 1. Building a Protein Bloc — The OPEC of Beef By facilitating collaboration between Argentina’s grass-fed beef capacity and Australia’s premium, export-certified supply chain, the United States can encourage formation of a “Southern Hemisphere Protein Bloc.” Much like OPEC regulates oil, this bloc can coordinate export volumes and standards, effectively setting a price floor for global beef. The U.S. doesn’t need to own the cattle — it simply needs to sit at the center of coordination and trade flow. This stabilizes domestic beef prices, protects U.S. consumers from foreign price shocks, and positions the U.S. as the global price setter in protein markets. If managed correctly, beef becomes a geopolitical stabilizer rather than an inflation driver. ⸻ 2. Dual Leverage: Food Security + Mineral Security While Argentina’s comparative advantage lies in beef and soybeans, Australia’s strength lies in its minerals and rare-earth reserves, especially lithium, nickel, and copper — all critical to U.S. electric vehicle, battery, and defense supply chains. Through joint agricultural and trade frameworks, the U.S. can gain direct trade channels into both nations simultaneously — importing minerals and exporting agricultural technology, food processing IP, and bioengineering. In practical terms, this means beef, soy, and clean-protein products move outward from the U.S., while critical minerals and raw materials move inward. This creates a balanced trade corridor and reduces China’s influence over both protein and mineral flows in the Pacific and Latin America. ⸻ 3. Soybeans: America’s Core Leverage Soybeans remain one of America’s largest and most undervalued strategic exports. Historically, soy has been sold raw or as animal feed, with limited intellectual property value. However, in a coordinated supply framework with Argentina and Australia, soybeans can be rebranded and redirected as a core input into advanced protein products. Instead of competing with low-cost soybean exporters, the U.S. can control the narrative and pricing by pushing higher-margin soy derivatives and innovations such as Beyond Meat–style products. This converts a bulk commodity into an IP-based export — effectively transforming agriculture into software. ⸻ 4. Beyond Meat as a Tariff-Protected, High-Value Export Beyond Meat and similar plant-based innovations embody the shift from commodity agriculture to proprietary food technology. Selling soybeans yields $600–$700 per ton, but converting soy into IP-protected, plant-protein goods multiplies that value severalfold. Under a U.S.–Argentina–Australia partnership, the U.S. could supply the technology, brand, and intellectual property, while Argentina provides the raw protein, and Australia offers manufacturing stability and certification credibility. Together, they create a vertically integrated protein system. By exporting these branded goods to markets like India, where beef consumption is limited but protein demand is exploding, the U.S. can both correct trade imbalances and capture premium margins through patent control, licensing, and tariffs. ⸻ 5. Strategic Trade Balancing and Soft Power Countries such as India, Indonesia, and parts of Africa import massive volumes of soy or feed grains while running trade surpluses against the U.S. By selling them finished plant-protein products instead of raw materials, the U.S. can reverse trade deficits and anchor new supply chains in food tech rather than pure commodities. These products also bypass cultural restrictions around beef while still positioning the U.S. as the protein supplier of choice. Beyond Meat becomes both a revenue driver and a diplomatic instrument — an export that projects values (innovation, sustainability, inclusivity) while generating recurring IP income streams. ⸻ 6. The Resulting Ecosystem: Multi-Layered Profit and Control The end-state is a multi-tiered system where: • Argentina and Australia stabilize and co-govern global beef supply, keeping prices predictable. • The U.S. leverages that stability to build soft power and trade access into their mineral and agricultural sectors. • Soybeans are repositioned as the raw input of high-margin, IP-driven food exports rather than a simple crop. • Beyond Meat–type technologies become the U.S. tool for penetrating non-beef markets, reversing trade imbalances, and earning royalties instead of competing on cost. This is a circular model — minerals flow north, IP and tech flow south, protein flows both ways — all under U.S. regulatory and trade influence. It’s not colonial extraction; it’s systemic interdependence. ⸻ 7. Simplified Economic Outcome • Argentina gains stability and capital inflow while preserving its ranching identity. • Australia benefits from coordinated exports and mineral trade guarantees. • The U.S. secures access to critical minerals, dictates protein pricing, and replaces low-margin agriculture with high-margin IP exports. • Consumers worldwide get stable protein supply — beef or plant-based — under a sustainability narrative that supports Western climate goals. ⸻ Conclusion A U.S.-backed Argentina–Australia partnership merges resource security with food security. It turns traditional commodities — beef and soybeans — into strategic instruments of trade and influence. Through coordination, the U.S. can act as the silent “OPEC of protein”, set price ranges, stabilize markets, and extend its influence across both food and energy transitions. Most importantly, by coupling raw agriculture with patented technology like Beyond Meat, the U.S. moves from selling goods to owning the systems that make them — a permanent shift from exporter to price-maker, from supplier to architect.

craig_hoxton

> stock buy backs, record breaking profits for shareholders, and high executive pay ...and R&D Innovation is replaced by just buying a junior company up and swallowing its IP.

BedHeadTrader

I mean Penny stocks are a gamble no matter what we would like to believe. But when I did research on it last week with them having a niche health related application for managing clients and workflow that was HIPAA compliant I thought that was pretty interesting. The float is like crazy low Like 6 1/2 million shares so I figure if it gets news it was gonna pop and it has proven that to be the case. They do have debt and it is a speculation, but it’s the kind of stock that’s gonna rip in the premarket as we saw. I’m on a wait with what I am holding to see what after hours looks like. I think they came to market last year and basically dumped on their IP0 But the revenue growth looks outstanding like 100% quarter per quarter for the last four They expect revenue growth of 30% next year. They do have quite a bit of debt at 12.71 million and not a lot of cash at 300,000 The federal approval to open up government clients is really promising . With that being said, they have issues

Railsie

They don't make devices. They are fundamental infra player... 5G Ran and core, IP switches and routers, optical and fiber networks, fixed wireless and so on. They still have $20b+ revenue from these and are growing fast on their data center side. Mobile operators which have been their main customers have been flatlining or declining in Capex for ages but this data center boom gives some new air.

-KFAD-

Nah, that's not a phone by the company Nokia. They just sold the mobile phone IP rights to HMD years ago.

Aggravating_Call6959

And facilitates massive counterfeit operations that devalue IP, products, and put consumers at risk (toxic materials etc and skirting regulations).

circadiggmigration

Now Nokia just has to partner with BYND to sell their plastic molding IP to fake meat and make an OpenAI 3D printed burger 20000x more efficient.

baconography

They probably own a shit-ton of IP.

Acrobatic_Shape_8259

This is probably to get the IP for snake

mykeystrokes

I would not call it a niche. Btw, AVGO does not make GPUs or have any serious GPU tech. All they are is a chip designer and IP layout house. In other words, they are just making something for someone else. Google, OpenAI and everyone else is licensing GPU tech from either Nvidia or AMD (or maybe Qualcomm's Adreno stuff). Now consider if AVGO is overvalued.

Short-Dependent7676

Someone tried to log into my iCloud and thanks to my cyber skills I found their exact IP and their reply lmao they were all apologetic. So much fun when this happens

HunterMichael92

I think the Poison pill was purposely done to create a 'gap' between spin off and acquisition, also knowing their larger film releases were slated for 2026. I could easily see any of the larger players being strategic partners/acquirers for strictly the library aspect. No one needs their 'studios'; however, their distribution and IP is still stronger than many comment upon.

notapersonaltrainer

Your question is like asking what is the value of TCP/IP when proprietary fax telecom networks exist. The question should actually be reversed. If stablecoins were invented first—which are low fee, fully backed, fast settlement, continuously auditable, always available dollars—what benefits would a legacy fractional reserve savings account hold?

stonkstonk69

Asset lite IP company entering growth phase, evidenced by recent orders from super majors.

Defiant_Regular3738

Adobe should roll up Getty. One of these companies will end up owning the actual IP and after this training phase you’ll see copyright claims go to militant levels.

value1024

Why would they support a stock without financial interest? They are buying the intellectual property for cheap, in my opinion. It is up to the experts to value the IP, and I will not pretend to be one, but I am a trader and I follow the money of those who know more than I do.

Boss-trade

Let me make this extremely easy for you. NVIDIA IS A 4,3 trillion dollar company. NVTS IS A CRITICAL COMPONENT THAT WHO EVER AQUIRES LEADS THE CHIP RACE, Sooooo AMD and others below would gladly spend 6 billion to acquire as would any company. I would say a minimum 12 billion market cap or $30 a share price. The crazy thing is, they still make a fortune off the sales in a couple of years and protect 4.3 trillion. NVTS Isn’t Just a Supplier—It’s Infrastructure * Their chips **enable the power backbone** of AI data centers. Without efficient power conversion, Nvidia’s H100s and B100s can’t scale. * NVTS’s tech is **already validated by Nvidia**, which means competitors like AMD, Meta, and Google are watching closely. # 📊 Valuation Context * At $30/share, NVTS would be valued around **$6.5 billion**. * Compare that to: * **Arm Holdings**: \~$100B valuation, focused on CPU IP. * **Broadcom**: \~$600B, with a mix of networking and semis. * **ASML**: \~$400B, focused on lithography. * NVTS’s niche is smaller—but **critical**. If it becomes the standard for AI power delivery, its valuation could easily justify $10B–$20B or more. # 🧠 Strategic Leverage * If AMD or Google were to acquire NVTS, they’d not only gain cutting-edge power tech—they’d **disrupt Nvidia’s supply chain**. * That kind of leverage is worth billions in competitive advantage alone. $30 could be a steal—**not because of current revenue**, but because of the **strategic choke point** NVTS represents in the AI arms race.

Barryhallsack94

Fair question. The company is in a tough spot. If they can’t refinance or lock in a buyer, bankruptcy is definitely on the table. so yeah, there’s real risk here. But it’s not a write-off either. Based on distress models (like Altman Z), they’re sitting around a \~40% chance of failure, high, but not inevitable. And they’ve actually been outperforming expectations recently. Last quarter they were expected to lose around $1.12/share and instead came in at -$0.27. The newer Roomba Max lineup is aimed at higher-margin, premium buyers, so 2025 could look a lot different if adoption sticks. Part of this trade for me is based on squeeze, so i will may lock in profits if my full squeeze target is hit. But there is the longer-term value: the IP, the robotics software stack, and the 50M+ connected devices that have quietly mapped the inside of millions of homes. That data + robotics platform is what Amazon tried to buy before regulators stepped in, and that’s the kind of thing Google or Apple *would* still want for their smart home ecosystems. High risk? Absolutely. But with the market cap around \~$150M, the upside if they stabilize, pivot, or get acquired is pretty asymmetric.

the-samizdat

honorable? china breaks more IP rights than any other country in the world, they take billion of dollars in scams a year from the U.S. and looked the other way on exporting fentanyl to the U.S. for years, than they refuse to extradite it’s people to face consequences.

squashyTO

Scrolled through this thread, and replies don’t really touch on the actual state of the company. Some actual facts on their situation based on SEC filings and press releases: - BYND has preliminary reported $70M for 2025 Q3 earnings, which folks are touting as bullish since it beats analyst expectations of $68.9M for the quarter. What is deceptive about this is that their YoY revenue DECLINED by double digits, $70M vs. $81M in 2024 Q3. - They have a 11% gross margin on their product. This is grocery at the end of the day, industry standard is 30-50% gross margin to be a viable business for food products. You actually need to be on the higher end of that range for perishables like BYND. Their operating expenses got better with the debt conversion, but the core product line has not proven viable fundamentally. It’s not like they can realistically gain economy of scale to improve margin at this point, they’ve sold $300-400M annually for over a decade, if they can’t bring per product cost down at that scale, it’s not happening without a total reformulation. - Which leads me to my next point, which is admittedly speculation. What would make BYND an attractive acquisition target? Their IP is not good if their current formula can’t actually turn a profit. Likewise the Western world is dealing with a grocery price crisis that severely limits top line revenue growth potential for BYND in the near-term. - Lastly, BYND has an open proposal in their latest DEF 14A filing on Oct 17 to dilute again. From 500M to 6B common shares, that’s even larger dilution than the recent debt conversion that brought the share price down to 50 cents. There is a shareholder meeting mid-Nov to vote on that proposal amongst others. So all in all in summary: top line revenue declines YoY, continued terrible margins and still bad debt situation, and share holders facing further dilution (and a potential reverse split if this falls below $1 again). What reasons are there to see this rise again to $5, which it hasn’t sustained since 2024, besides hype and FOMO buying that is fizzling?

squashyTO

BYND is over 15 years old and peaked at about 1400 employees selling into most major grocery stores in the US and European market. What would categorize them as a startup in your view? They have 11% gross margin on a grocery store food product vs. an industry standard wholesale margin target of 30-50% to be a viable business. Irregardless of their operational and debt challenges, their core product still sucks from a financial perspective. This isn’t a company like SNAP that has never been profitable but at least has a massive user base that could be acquired. Same with IP considerations, who would actually want to buy a formulation that can never really get to a scale it will be profitable to make?

Bagholder147

Not the old shareholders just the IP and Ticker survived .

Pizza_n_Tendies

Trading IP on the off chance cardboard boxes get tariffed 😆

nerdlygames

Of those I’d rather Apple acquire them. It would really boost their Apple TV offerings, and they make quality entertainment. Amazon and Netflix don’t need to own more studios to make slop of their IP

Reasonable_Friend616

Wouldn’t be surprised if one of them pulls the trigger. Everyone wants that IP goldmine.

SpotlessCheetah

Everyone has talked about ASML for years. If you want to know a company that's low key powering the AI boom, it's actually Cadence Design Systems (CDNS), Siemens and Synopsys. I'm personally looking at Cadence right now. They have "monopolistic moat" practically, and strongholds with TSMC, Nvidia, and ties to Lip Bu-Tan from Intel. They do a lot of IP and EDA validation - every chip gets validated by an EDA system basically. If it's gonna be in an AI Factory, Datacenter, laptop, car, robot etc it will go through validation.

DaftPhya

I don’t track his IP redditcel

Fun-Presentation2609

I’ve been following Aptera since way back, like *2008 back*. They’ve failed, regrouped, failed again, and somehow never gave up. That alone says a lot about the people running it. Most of these EV startups chase the market first and figure out the product later. Aptera did the opposite. They stayed small, focused on actually building the damn thing, and now they’ve got a real, functional vehicle ready for production. This isn’t vaporware or “future concept” fluff. It’s 15+ years of trial and error, fine-tuning, and smart engineering. The car is ultra-efficient, the solar integration actually works, and the cost structure makes sense once they scale. You almost never see something this far along trading at literal penny-stock prices. The market treats it like a failed SPAC, but it’s probably the cleanest risk/reward setup left in small-cap EVs. It’s rare to find a company that’s *this close* to real production, with tech that’s proven and IP that actually matters, still sitting under a $100M market cap. I’m not saying it’s a sure thing, but value-wise, this is the best setup I’ve seen in years.

Agreeable-Mango-802

I think $IP is going to crush earnings. Got into a bunch of November $51Cs today.

jawstrock

Yeah I think they do but they may continue to ease up to make the most of the IP. I dunno, I find Apple TV and HBO are the highest quality. Putting them both under the same streaming service would be 10/10 for me.

THedman07

Why did they let Oracle take something that they had a right to if it is a for sure money maker that is worth committing hundreds of billions in capex to? There's no reason that Oracle would be the leading partner for OpenAI in all this if Microsoft didn't pass. They also wouldn't be playing hardball with OpenAI in the negotiations for them to transition to for profit if they were sure they had a winner on their hands. They're fine with OpenAI going tits up because half their last funding round is going to evaporate at the end of this year and a bunch of their earlier raises convert debt next year. They only care about the IP and they already have rights to that.

THedman07

If you had last right of refusal on something that everyone believes is a money printing machine, you would want to own as much of that as you possibly could. Its not like Microsoft doesn't have access to at least as much capital as Oracle. Microsoft pulled back before public opinion started turning because they have access to the books and the IP and they're smarter than a lot of other plays.

QuantrixQuintrix

What the fuck did you just fucking say about me, you little bitch? I’ll have you know I graduated top of my class in the Navy Seals, and I’ve been involved in numerous secret raids on Al-Quaeda, and I have over 300 confirmed kills. I am trained in gorilla warfare and I’m the top sniper in the entire US armed forces. You are nothing to me but just another target. I will wipe you the fuck out with precision the likes of which has never been seen before on this Earth, mark my fucking words. You think you can get away with saying that shit to me over the Internet? Think again, fucker. As we speak I am contacting my secret network of spies across the USA and your IP is being traced right now so you better prepare for the storm, maggot. The storm that wipes out the pathetic little thing you call your “life”. You’re fucking dead, kid. I can be anywhere, anytime, and I can kill you in over seven hundred ways, and that’s just with my bare hands. Not only am I extensively trained in unarmed combat, but I have access to the entire arsenal of the United States Marine Corps and I will use it to its full extent to wipe your miserable ass off the face of the continent, you little shit. If only you could have known what unholy retribution your little “clever” comment was about to bring down upon you, maybe you would have held your fucking tongue. But you couldn’t, you didn’t, and now you’re paying the price, you goddamn idiot. I will shit fury all over you and you will drown in it. You’re fucking dead, kiddo.

Ancient-Stock-3261

If that’s legit, it’s basically the gov front-running the next defense tech boom. Quantum’s the new AI arms race; whoever secures the IP first wins big in cyber and intel. Might be time to start scouting small-cap plays tied to federal contracts.

ShadowLiberal

The other problem is that the gaming industry is becoming more and more consolidated overtime. The top 9 to 12 games on PC and each gaming system get over 50% of the total playtime. And the consolidation is even worse if you look at just the games released that year. Point being you're basically investing in a lottery ticket when you make a new game nowadays, especially if you aren't making a sequel to an existing IP.

dman45103

All big developers (EA, Activision, T2) have tons of huge IP they own but it’s not as easy for them to monetize to the extent they need to otherwise we would be getting SSX, Spyro, NBA Street, Command and Conquers etc. fuck we can’t even get a Tony hawk that isn’t a remake.

Primary_Ads

what IP do they have thats valuable besides assassins creed?

wumaoscousin

Again, you're welcome to take the data in whichever way you please. I care little for your country's politics and even less for it's IP laws. This is a stock trading sub and nationalism gets expensive quick if all you're looking for is profit, so I'd still advice you get a good translator to parce relevant data, might save you some money.

CosminFG

I get it, you are hyped.... I know they started freight transport on a small highway portion. Also Aumovio is not 'just' a T1 hw vendor, they come with IP and SW, plus custom hw chips that enable the whole technology. I'll follow their progress, if Palosi or any congress smacks will invest in it, i'm mortgaging my hause and full send it( maybe...).

sigizmundfreud

Regard are you listening to your girlfriend's boyfriend again!? Fact check: “Lidar is Forvia’s” → Nah. Aurora built its own long-range FMCW lidar (“FirstLight”) after acquiring Blackmore in 2019. That IP is theirs, not Forvia’s. “Aumovio sensors” → That’s Continental. Aumovio is the new name for Continental’s automotive group. Continental is Aurora’s Tier-1 manufacturing partner for the production hardware + fallback system. Exactly how you scale in autos. Partners build hardware; Aurora sells the autonomy stack + ops. Actual receipts: Aurora is running paid, driver-out loads on I-45 (Dallas↔Houston) and now at night. That’s the real game, not a slide deck. Plugged into the freight plumbing: First TMS integration (McLeod) so carriers can tender/dispatch AV loads where they already work. That’s how revenue shows up. TL;DR: Partners aren’t a weakness in auto, they’re the playbook. Aurora owns its lidar IP, has a Tier-1 to mass-produce the stack, and is already hauling driverless for paying customers. Call it what you want, but those are facts. I should know I write this in crayon. 🖍️

feedmestocks

I've wrote a few negative posts on Ubisoft over the years and warned people. 1. The share structure is an absolute mess (Guillemot Brothers owning a large amount and Tencent beholden to them). Family run businesses are never good for share holders. 2. Ubisoft games have pretty much a set pattern / structure that feels extremely dated compared to their competition . 3. While their games are dated, they're actually significantly more expensive than their competitors to make, with over twice the staff of EA. I know people are gonna think Ubisoft is cheap (which it is historically), but we don't know everything about how the subsidiary Vantage Studios works with Tencent (which I imagine has clauses about the IP ownership since their cash injection), so if you think of buying, delve into that part.

capacha

One things for sure BYND will definitely IP

Salty_Cookie67

Anyone else Robinhood down got logged into form 2 different IP addresses manage to get back and change my stuff wtf going on

Yorokobi_to_itami

Studios (Disney, Pixar, Marvel, Lucasfilm, Fox): Iconic IP + global franchises = endless monetization. Streaming (Disney+, Hulu, ESPN+): Exclusive content + bundle ecosystem + ad/data power. Parks & Resorts: Immersive experiences, pricing power, generational loyalty, high entry cost. Cruise Line: IP-themed family cruises + private island + premium pricing. Merch & Licensing: Toys, clothes, brand deals — low cost, recurring royalties. Media Networks (ABC, ESPN, FX): Ad revenue, sports rights, cross-promotion engine. Real Estate (Hotels, Vacation Club): Prime land + timeshares + synergy with parks. Gaming: IP licensing (Star Wars, Marvel) = high-margin royalties. Travel & Experiences: Branded tours, resorts, and vacation packages. Synergy Moat: Every arm feeds the others — film → merch → park → stream → repeat. Also pretty sure you can add energy to that as well, nice try though

copperblood

What and interesting angle. Netflix misses its estimates because the Brazilian government doesn’t agree with their tax avoidance methodology. Here’s a novel concept, make good well produced original IP that actually focus on story. Do that and you don’t have to worry about making your numbers just with tax avoidance schemes.

FistEnergy

I am 99% sure that China will catch up to US chips in the next decade. With the amount of money they are spending, and the facts that they have caught up to the West in so many other technical areas and they are the world's leader in manufacturing, it doesn't make sense to bet against them. I didn't even mention the possibility they catch up through espionage and IP theft.

newtoallofthis2

Yeah was awful. Not to mention having to deal with another two appstores. App devs today don't know how good they have it. I remember when all this was fields and J2ME file limits for apps were less than 200kb, and if you wanted an app to actually establish a connection to the internet it was broken by design by operators in 50%+ of cases, only fixable by users entering APN IP addresses by hand in some hidden sub-menu... Christ I'm old.

induality

There's really nothing special about this. A few decades ago almost all security cameras were standard definition analog cameras. Over the following years a lot of money was spent upgrading these old systems to new IP-based cameras, many of which were HD, because there were clear advantages to using these newer camera systems. The money will be spent where there is clear advantage to the new system that justifies the costs. Even today, old-fashioned analog security cameras remain, but only at places where the operators truly don't care about the quality of their footage to justify the cost of upgrading. If AI fakes prove to be a big problem in the physical security world, then camera systems which have built in provenance mechanisms will be rolled out. And places who have use for such provenance features will justify their cost in upgrading. Lots of places won't care about this at all and won't consider this upgrade. The question is, will there be enough demand, such that these provenance-enabled systems reach scale of production and can be produced with only slight additional cost? If so, they may just become a standard part of the next wave of camera system upgrades, and even people who don't truly have a need for it may opt into these systems if the cost differential is low enough during their upgrade cycle. Of course, just like the upgrade from analog cameras to IP cameras, it will take decades for the new paradigm to displace the old one.

Scquwer

They just presented great clinical data at the world conference little over a week ago, all will be well. They also just applied for more IP. Pipeline continuing to expand revenue continuing to go up safety data coming in. That looks great all will be quite well.

Motor_News_3611

Hidden Gem: Mobix Labs (NASDAQ: MOBX) Market Cap: ~$45 M | Revenue (FY 2024): ~$10 M | YoY Growth: > 200% | Gross Margin: ~60% Sector: RF & mmWave / Defense / 5G / Optical Connectivity ⸻ 🧠 What They Do Mobix Labs builds high-frequency RF, mmWave, and optical interconnect solutions used in defense, satellite comms, and 5G infrastructure. Think filters, cables, antennas, and chips that make ultra-fast, low-latency communication possible. ⸻ 🚀 Why It’s a Hidden Gem 1. Explosive Growth: Revenue up triple-digits YoY; margins > 60% — rare for a microcap hardware play. 2. Defense & Aerospace Orders: Backlog +450% YoY; strong DoD and satcom demand tailwind. 3. Strategic Expansion: Actively acquiring — pursuing Peraso Inc. to consolidate 60 GHz Wi-Gig/mmWave IP. 4. Fabless Model: Scalable with low CapEx; leverage kicks in fast if orders keep climbing. 5. Secular Tailwinds: 5G/6G infrastructure build-out + defense modernization = multi-year growth runway. ⸻ ⚙️ Potential Catalysts (2025-26) • DoD contract wins / new design-ins in radar & satcom. • Peraso acquisition closing → vertical integration & IP boost. • Q4 2025 results: another > 100% YoY print could ignite attention. • Analyst coverage initiation — currently under-the-radar. • AI/Edge Comms synergy: 60 GHz mmWave chips tie directly into next-gen data links for autonomy and defense AI systems.