Theme
Agentic AI
Edge / serverless / dev infra enabling autonomous AI agents.
0.270avg corr (252d)
5stocks
Weak co-movementStocks · key Fib levels
- DOCN$72.48last$71.00fib+2.1%vs fibanchored 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
- FSLY$15.85last$17.00fib−6.8%vs fibanchored 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
- IBM$245.00last- fibanchored 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
- NET$268.75last$205.00fib+31.1%vs fibanchored 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
- PATH$13.00last$10.00fib+30.0%vs fibanchored 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)
DOCN | FSLY | IBM | NET | PATH | |
|---|---|---|---|---|---|
| DOCN | · | 0.48 | 0.05 | 0.47 | 0.13 |
| FSLY | 0.48 | · | 0.06 | 0.40 | 0.16 |
| IBM | 0.05 | 0.06 | · | 0.27 | 0.32 |
| NET | 0.47 | 0.40 | 0.27 | · | 0.36 |
| PATH | 0.13 | 0.16 | 0.32 | 0.36 | · |
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Frequently asked questions
- What are the top stocks in the Agentic AI theme?
- QuantAbundance's Agentic AI theme tracks 5 stocks ranked editorially: DOCN, FSLY, IBM, NET, PATH.
- Do Agentic AI stocks move together?
- The Agentic AI theme has a 252-day average correlation of 0.27 across its members - weak co-movement. Editorial themes are narrative groupings, not capital-flow validated; tradability follows correlation, not the story.