Independent equity research In memo form

One company per issue. The evidence, then a call.

What it does, how it makes money, where the moat is, and whether now is the moment to own it. Every figure traces to a filing and carries its date. No hype, no personalized advice.

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NUAI  ·  2026-07-18

NUAI: Helium to AI Data Centers, With Securities Lawsuits Attached

New Era Energy & Digital (NASDAQ: NUAI ) is a micro-cap AI infrastructure story that has pivoted from helium extraction to AI data center development . The company claims a 438 km² site in Ector County, Texas ("Texas Critical…

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MSFT  ·  2026-07-18  ·  Constructive

MSFT: The AI Capex Overhang Is Real. So Is the Moat.

Microsoft Corporation is a $2.98T market-cap software and cloud behemoth, organized into three reportable segments of roughly comparable size: Productivity and Business Processes (M365 Commercial/Consumer, LinkedIn, Dynamics),…

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