After languishing for most of 2023, software and security infrastructure stocks finished the year with an impressive run. This inflection started with Q3 results as the hyperscalers telegraphed a moderation of the optimization headwinds that had been plaguing the sector since 2022. After spending the prior 12 months wringing out savings from their cloud workloads, […]| Software Stack Investing
After delivering favorable results in Q1, Confluent continued on largely the same trajectory in Q2. Sequential growth rates even imply stabilization around 30% annually, after almost 2 years of deceleration from Covid highs. This growth is being led by rapid adoption of Confluent Cloud, with the licensed Confluent Platform offering for on-premise deployments demonstrating surprising […]| Software Stack Investing