Investment Q&A

Q: Any reason for the drop in MSFT?? Thanks Jim

Q: Why the big drop with TSAT today?

Q: Hi 5i!
Is the lawsuit brought against TSAT frivolous? Is there a risk of fraud here? How long has the CFO / CEO been around?
TIA,

Q: I am a 75 year old pensioner and hold these stocks in my Rrif at a significant loss:Csu -20%,Clbt -17% and Crwd -20%.Is there any point in holding on to these considering my age and probably not a long term view(say 2-3 years)?What is the likeliehood that they will each be 10% above my purchase price in that time?

Q: The stock is having a bad momentum. Do you see anything that can be causing it? Downgrades?

If you had a half a position would you be adding to it?

Q: Hi,

Any reason jfrog was included in the AI report but not gitlab?

Q: Please explain the difference between these two companies and which one would you prefer to buy today?
Thank you

Q: Hi,
I recently reviewed your latest report highlighting the industries and companies expected to lead the AI revolution. I found it very insightful and appreciate the depth of analysis that went into it.
The report clearly reflects an enormous amount of research and effort—there are well over a hundred companies listed, which speaks to the depth of your work. That said, the sheer volume of information can feel a bit overwhelming. Would it be possible to update the report to indicate your relative preferences across the compute stack? For example, you might use color coding—one color for your top-tier selections and another for second-tier names—while leaving the others unhighlighted.
Alternatively, as a simpler alternative to color coding, would it be possible to share a spreadsheet version of the companies where you could simply indicate your top AI preferences (for instance, A, A-, B with everything else left blank to keep it simple)? Once available, we could then sort and analyze the information in whatever way best suits our individual research or investment focus.
As an aside, I did notice that firms such as TSMC and ASML—both widely regarded as foundational to the semiconductor and AI supply chain—were not mentioned. I'd be very interested in your perspective on how they fit into your broader analysis, or whether their exclusion reflects a particular focus within your coverage.
Recognizing that implementing any of the above suggestions may take time (and assuming the above is acceptable to you), could you offer an interim view on whether the long-term core holdings you previously highlighted in another question (such as VRT/ROK, NVDA/AVGO, APH/ANET, GOOG/MSFT, and LRCX/KLAC) remain attractive investments at their current valuations? Some AI-related names have reached elevated levels, and your updated perspective would be most helpful.
I believe this report establishes an outstanding foundation that we will reference for years to come. Your own ideas, along with suggestions from readers like those shared above, can only contribute to its continuous improvement.
In closing, a keynote speaker at Davos today highlighted what they see as AI growth's key bottlenecks: infrastructure (including power, compute, and network bandwidth), trust (encompassing security and safety), and data (particularly gaps in machine-generated data). Your report appears to comprehensively address the infrastructure and trust dimensions, while the machine generated data landscape may be an area for consideration as this part of the stack evolves.
Excellent work.  Greatly appreciated.  Thanks again.

Q: Thank you for the excellent AI Computing Stack report. Which of "2. Semiconductor, Hardware and Connectivity" subsector would TSM fit in this report?

Q: Excellent “ The AI Compute Stack and the Stocks That Power It” report.

If you have to choose an AI ETF that would cover the stocks on the report. Which CDN and USA ETF would you recommend to hold.

I currently hold 3% each COPX, CYBR, NUKZ, CHPS & QQC ETF


Thanks for the great service.

Q: Do you not find it odd/disappointing that we have yet to see any meaningful insider buying in these names?

Q: Have you had a chance to read Chuck Akre’s (Akre Capital) recent commentary on Constellation Software and the impact of AI?
He describes the current market uncertainty as a test of conviction, comparing the volatility to the "Gom Jabbar" test from Dune. What strikes me most is his conclusion: far from being a threat, AI appears to be an "advantageous wind" that reinforces the three pillars of their model, especially their reinvestment economics.
Do you agree with Akre that the market is underestimating CSI’s ability to turn this technological "pain" into a long-term competitive advantage? Thanks

Q: If CSU beats their numbers for Q4 handily, do you think the stock may still continue to go down because AI still hasn't had a full effect on their numbers?

thanks

Q: Hi,
I am interested in starting positions in CLS, ZDC and GRID. Do you think their current prices are a good entry point? And for CLS, I see they are expected to report earnings at the end of the month. Would it be wise to wait for that?
Thanks

Q: what is your opinion given the recent sell off due to the founder leaving. Does the company have the people to lead it back to positive territory?

Q: I have been waiting for a bounce to sell Adobe but like CSU its gone into free fall. I am also thinking of adding to CSU Would you wait for a bounce and sell Adobe? Or sell Adobe now and switch into CSU? Or sell Adobe now and wait in cash. I know market timing is tricky but if you were in my shoes what is would you do?

Q: Most retail/5i investors appear to have concerns about precipitous drop in share prices of Constellation Software and the other two companies, since Jul 2025 and have sought advice. Your comments in recommending to hold the positions ( and even a best ideas to buy ) have been consistent, despite Technical charts looking horrible and shares continue to make new lows with no signs of change in sentiment due to AI related fears, expected to abate any time in the near future.

5i Balanced portfolio combined weight is down to 10%, as at Dec, 2025, from 14%, at the start of the year, and perhaps will be lower, today.

These Co's have dragged the performance of the Portfolio down ( 5i and ours), significantly, over 2025 ( acknowledging huge contribution consistent outperformance over several years ) and the trend continues this year.

If you were managing clients' money, in the real world as a Portfolio Manager ( like Peter did for many years, brilliantly ), would you act differently, at some point, considering constant deterioration in Technical picture and bleeding price of the stocks, instead of holding on a large weighting in the Group, prompting you to reduce the positions (protecting clients' capital), instead of HOPING for a sentiment change, in the future, as much as you believe in the Co/Management/History, while market is telling you otherwise.

My sincere apologies, if the question sounds frustrating !!

Thank You

Q: Consellation seems to have no love right now. Is it a mistake to make a swap if one has a gain? Seems like it keeps falling. Do you still like this stock even though the momentum is so negative?

Q: Is this a good time to initiate a position?

Q: I feel that these companies have been quite opaque in their communications with investors to date. Do you think that a bit more clarity on strategy, market conditions and future opportunities would help stabilize the market sentiment.