Puru Saxena

AlphaTarget's Process: How We Invest -🧵 - 1/ Why Stocks? History shows that stocks are the best-performing asset class over the long term, significantly outperforming bonds, gold, and cash. But the stock market is volatile. To harness its power, we focus on disruptive, high-growth companies with substantial long-term potential. 2/ What We Look For We prefer founder-led businesses, as CEOs with skin in the game often deliver superior returns. We target disruptive, rapidly growing companies at the forefront of secular trends redefining how people live, work, and play—allocating capital to dominant businesses in these spaces. 3/ How We Invest Our portfolio typically holds 15-20 carefully chosen, capital-light companies with high margins, strong free cash flow, and preferably recurring revenue. We monitor our holdings closely and sell when operating results, management, or prospects deteriorate. We also use Stage Analysis, holding stocks during "Stage 1" bases and "Stage 2" uptrends, selling when they form "Stage 3" tops. 4/ Dynamic Portfolio Management If we find a new idea better than our weakest holding, we rotate capital into the new opportunity. This ensures our portfolio remains focused on the best opportunities at all times. During "Stage 2" uptrends, when our stocks are over-extended, we may trim our positions and when they become oversold, we add to our high-conviction holdings. When our stocks start forming "Stage 3" tops, we cash out and lock-in our gains. 5/ Handling Market Volatility Stock market cycles bring booms and busts. To protect our portfolio: 🔹 We use trend-following indicators to hedge during downtrends by shorting index futures or ETFs. 🔹In euphoric markets, we may sell and hold cash to mitigate risks. 6/ What We Avoid No options, no short-selling individual stocks, no short-term trades. We stay focused on investing for the long term, aligning with trends to maximise upside and protect downside. In Summary By combining fundamental analysis (investing in promising, rapidly growing businesses), Stage Analysis, and systematic hedging, we aim to generate long-term alpha. Our team publishes deep research on our portfolio companies and our subscribers get exclusive access to our holdings, real-time portfolio moves and our systematic hedging strategy: alphatarget.com

📢 New pod: AlphaTarget PULSE 🎙️ Topics discussed: - AI - TPUs + CPU's - Big Tech Earnings - AI Capex - Stock market overview youtu.be/04nI_qgiUew?si…

$TEAM operating results may change the narrative on software? Stock +20% after hours!

Cloud revenue accelerated in Q1 '26: $AMZN AWS: +28% YoY in constant currency (CC) with $150B annualised run rate (ARR) $MSFT Azure: +39% YoY in CC, with Microsoft's AI business ARR of over $37B (+123% YoY) $GOOG Google Cloud: +63% YoY with ~$80B ARR

We're still early in AI. - Google Cloud +63% YoY - Azure growth +40% YoY - AWS +28% YoY Meta raised capex growth this year to 94% YoY In 2025, capex grew 87% YoY. $AMZN $GOOGL $META $MSFT

Semiconductor stocks have been red hot for several weeks but they are now over-extended. If history is any guide, near-term consolidation (spanning 2-3 months) is likely followed by strong gains over the next 9-10 months. $SOX

My new mix ‘Mindbender' is now on #SoundCloud Hope you enjoy the uplifting house music 🎶🎵🎧 😃 on.soundcloud.com/0hcp1tzVehb6qk…

@dzhou123 Thank you

@saxena_puru dope track Puru! I'm a subscriber to Alpha Target...keep up the good work!

My new mix Wildboy is on #SoundCloud Hope you enjoy the uplifting house music! 🎶🎵🎧😀 on.soundcloud.com/uiuvDent60LREI…

Intel Q1 FY26 earnings call CEO Lip Bu Tan: "The ratio of CPU to GPUs used to be 1-to-8, and now it is 1-to-4, and I think it could move towards parity or even better. So I think that demand is very strong."

We've just published a primer on Anthropic You can read it below 👇 alphatarget.com/insights/anthr…

AI "bubble"? Think again. AI stocks are likely to benefit from this S-Curve adoption and our portfolio owns many of these businesses alphatarget.com

NASDAQ Breadth Thrust fired last week Historically, outsized returns 1-Year later Growth stocks were punished during recent selloff but they are likely to shine over the following year. Chart @sentimentrader

Wait - the market initially thought Mythos is bad for cybersecurity businesses!?

📢 New pod - AlphaTarget PULSE 🎙️ Topics covered: -Stock Market Rally -Software Stocks Outlook & AI Tailwinds -Anthropic’s Mythos & Why It Matters -Cybersecurity Stocks -Compute Challenges -Long-Term Outlook for Anthropic -AI IPO Risks youtube.com/watch?v=Hr1SiS…

@Giangho_Viet Been doing this since the late 90s but thank you for your thoughts.

@saxena_puru This is your first time seeing a pump and dump in the stock market son ? 😎

AI Bubble is coming - fasten your seatbelts! Footwear brand re-inventing to AI business and the stock +582% today! Lesson for $NKE Reminds me of the TMT bubble in 1999 when companies used to add DOTCOM after their name and their stocks used to pop 50-100% in a day!

@PavanThakran No, stock market has usually bottomed during the war, unless there is a recession.

@saxena_puru Hi Puru, Have you seen the stock market behave as it is (up over 10% since the war started with oil and gas shortages)? Do you think it’s being artificially propped up?

@tabelat01 🙏

@saxena_puru Very handsome in the new profile picture.

As of 31 March, the short position was equal to ~22% of $IONQ outstanding shares. The stock has rallied ~50% over the past couple of days, on watch for more short-covering in the days ahead.

Many hedge funds were short software vs. their long semiconductor stocks. The short-covering has already begun on many of the software stocks. Today is Day 1, the next few days should be fun!