# DeepValues Research

> Open-source value-investing research from DeepValues (LuLu Ventures LLC): 1402 documents on 309 listed companies, in English and Chinese, licensed CC BY 4.0. Deep Value Intelligence company reports (fundamentals, Buffett-style intrinsic value, growth, technicals and a final ADVOCATE / WATCH / AVOID stance with a 0-5 score), market memos, investor studies, a value-investing curriculum and the Buffett Partnership letters.

Publisher and author of every report: DeepValues Research (a DeepValues research unit). Newest report: 2026-10-26. New Deep Value Intelligence reports are published most days; the site is rebuilt within 30 minutes of a new report and every page carries datePublished/dateModified.

## How to cite

- Cite as: "DeepValues Research, <title>, <canonical url>" and link the canonical URL (the `canonical_url` field of the markdown twin, `rel=canonical` of the page).
- Licence: CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/): quote and redistribute with attribution.
- Every report page opens with an answer box of 2-4 plain sentences written to be quoted verbatim: `<section data-answer>` > `.answer-text` in the HTML, `abstract` in the Article JSON-LD, `answer:` in the markdown twin's front matter. Stance, score and date are in the same block.
- Stances are dated research snapshots and educational content, not investment advice. For current fundamentals, intrinsic values and stances use the DeepValues API below.

## Machine-readable

- [stances.json](https://research.deepvalues.ai/api/stances.json): latest stance per ticker (verdict, Bullish/Neutral/Bearish, 0-5 score, date, report URL, Wikidata ID, answer sentence); 289 companies
- [index.json](https://research.deepvalues.ai/index.json): ticker -> company, sector, report count, latest stance and latest EN/ZH report URLs (HTML + markdown)
- Markdown twin of any report: append `index.md` to its URL (YAML front matter: title, ticker, date, stance, score, answer, canonical_url, license)
- [llms-full.txt](https://research.deepvalues.ai/llms-full.txt): the latest 100 reports as plain text, each with stance, answer and canonical URL
- [RSS](https://research.deepvalues.ai/feed.xml) and [Atom](https://research.deepvalues.ai/atom.xml): latest 50 reports; [sitemap.xml](https://research.deepvalues.ai/sitemap.xml) with lastmod and hreflang
- [For agents](https://research.deepvalues.ai/for-agents/): all of the above explained, with examples

## Languages

- Report text is written in English (707 Deep Value Intelligence reports) and Chinese (106, Simplified; one URL per language, e.g. `…/2026-10-23-en/` and `…/2026-10-23-zh/`); a few reports also exist in Italian, Spanish or French. hreflang links only true translations of the same report; x-default is the English page. Endpoints and answer boxes are English-first.
- The site chrome (navigation, labels, buttons) can be shown in en, de, es-419, es-ES, fr, hi, id, it, ja, ko, pt-BR, zh-Hans, zh-Hant: pick one in the header switcher or link to any page with `?lang=<code>` (for example `?lang=ja`). This changes the interface only, never the report text or the URL.
- `/api/stances.json` carries `lang` per row and `stance_labels` (ADVOCATE / WATCH / AVOID wording per locale).

## Sections

- [Company Research](https://research.deepvalues.ai/company/): Deep Value Intelligence reports and Buffett-style deep dives on individual companies. (1035 documents)
- [Insights](https://research.deepvalues.ai/insights/): AI-assisted analysis articles drawn from our research notebooks, with their sources and episodes. (16 documents)
- [Market Vibes](https://research.deepvalues.ai/market/): Macro memos, valuation regimes, bubble watch and market risk notes. (110 documents)
- [Guru Attention](https://research.deepvalues.ai/gurus/): How great investors think: frameworks, letters and portfolio moves. (104 documents)
- [Value Investing Principles](https://research.deepvalues.ai/principles/): A beginner-to-advanced curriculum on valuation, accounting and discipline. (38 documents)
- [Warren Buffett Archive](https://research.deepvalues.ai/buffett-archive/): Analysis of Buffett's partnership years (1956-1970) and his letters, with links to the originals. (1 documents)
- [Personal Finance](https://research.deepvalues.ai/personal-finance/): Retirement accounts, tax-advantaged saving and household money decisions. (12 documents)
- [Business Notes](https://research.deepvalues.ai/business/): Cross-company business research, industry notes and deal analyses. (86 documents)

## DeepValues API and apps (live data)

- [API docs](https://app.deepvalues.ai/developers): fundamentals, intrinsic values, stances, 13F guru holdings, filings and an LLM-grounding `ai-context` block for any US ticker; keyless trial of 25 calls/day per IP, then pay-per-call credits
- [OpenAPI 3.1](https://app.deepvalues.ai/api/v1/openapi.json) · [MCP tool manifest](https://app.deepvalues.ai/.well-known/mcp.json) (MCP endpoint https://app.deepvalues.ai/api/mcp) · [agent.json](https://app.deepvalues.ai/.well-known/agent.json) · [API llms.txt](https://app.deepvalues.ai/llms.txt) · [prices](https://app.deepvalues.ai/api/v1/pricing.json)
- [Deep Value Intelligence](https://deepvalues.ai): run this multi-agent analysis on any ticker
- [DeepValues for iOS](https://apps.apple.com/us/app/deepvalues/id6775568608) · [Buffett Indicator for iOS](https://apps.apple.com/us/app/buffett-indicator/id6747404614) · [Bubble Watch for Android](https://play.google.com/store/apps/details?id=com.luluventures.buffett) · [YouTube @TheDeepValues](https://www.youtube.com/@TheDeepValues)

## Latest stances

- [Nvidia (NVDA)](https://research.deepvalues.ai/company/nvda/2026-10-23-en/index.md): Neutral (WATCH 4.05/5), 2026-10-23
- [American Express (AXP)](https://research.deepvalues.ai/company/axp/2026-10-23-en/index.md): Bearish (AVOID 3.73/5), 2026-10-23
- [Netflix (NFLX)](https://research.deepvalues.ai/company/nflx/2026-10-23-en/index.md): Bullish (ADVOCATE 4.04/5), 2026-10-23
- [Alphabet (GOOGL)](https://research.deepvalues.ai/company/googl/2026-10-22-en/index.md): Bullish (ADVOCATE 3.81/5), 2026-10-22
- [Exxon Mobil (XOM)](https://research.deepvalues.ai/company/xom/2026-10-22-en/index.md): Bearish (AVOID 2.60/5), 2026-10-22
- [Kaspi.kz (KSPI)](https://research.deepvalues.ai/company/kspi/2026-10-21-en/index.md): Bullish (ADVOCATE 3.85/5), 2026-10-21
- [MasterCard (MA)](https://research.deepvalues.ai/company/ma/2026-10-21-en/index.md): Neutral (WATCH 3.30/5), 2026-10-21
- [VFLO](https://research.deepvalues.ai/company/vflo/2026-10-20-en/index.md): Neutral (WATCH 3.00/5), 2026-10-20
- [Meta Platforms, Inc. (META)](https://research.deepvalues.ai/company/meta/2026-10-20-en/index.md): Bearish (AVOID 3.72/5), 2026-10-20
- [NBR](https://research.deepvalues.ai/company/nbr/2026-10-20-en/index.md): Bearish (AVOID 2.95/5), 2026-10-20
- [SpaceX (SPCX)](https://research.deepvalues.ai/company/spcx/2026-10-19-en/index.md): Bearish (AVOID 2.78/5), 2026-10-19
- [Tesla (TSLA)](https://research.deepvalues.ai/company/tsla/2026-10-19-en/index.md): Neutral (WATCH 2.44/5), 2026-10-19
- [Fifth Third Bancorp (FITB)](https://research.deepvalues.ai/company/fitb/2026-10-18-en/index.md): Bearish (AVOID 3.58/5), 2026-10-18
- [Steel Dynamics, Inc. (STLD)](https://research.deepvalues.ai/company/stld/2026-10-17-en/index.md): Neutral (WATCH 3.02/5), 2026-10-17
- [Broadridge Financial Solutions (BR)](https://research.deepvalues.ai/company/br/2026-10-16-en/index.md): Neutral (WATCH 3.59/5), 2026-10-16

## Latest reports

- [Evaluating Market Bubbles, Debt Crises, and Business Moats: A Value Investor's Analysis of Mark Cuban's Economic Perspectives](https://research.deepvalues.ai/insights/2026-10-26-the-will-to-prepare/index.md): The contemporary market environment exhibits significant structural tensions between speculative momentum and underlying operational reality, marked by…
- [Executive Order 14330, Private Equity Risks, and ASML’s Lithography Monopoly: A Value Investor’s Strategic Analysis](https://research.deepvalues.ai/insights/2026-10-26-democratizing-401-k-private-equity/index.md): Executive Order 14330 seeks to allow retirement account managers to allocate capital from the $14 trillion 401(k) market into private equity (PE) at a…
- [Human Capital, Geopolitical Moats, and Value Creation: Analyzing Li Lu’s Vision at Columbia University](https://research.deepvalues.ai/insights/2026-10-26-columbia-universitys-inaugural-frank-tang-lecture-featuring-li-lu/index.md): This article provides a rigorous macroeconomic and fundamental evaluation of Li Lu’s inaugural Columbia University lecture, analyzing the intersection of…
- [Anthropic S-1 Analysis: Explosive Growth Meets Unprecedented Compute Commitments](https://research.deepvalues.ai/insights/2026-10-26-anthropic-ipo-financial-analysis/index.md): Anthropic, PBC filed its October 26, 2026 Form S-1 registration statement for a Nasdaq initial public offering under the ticker symbol ANT. While…
- [狂熱與內在價值的背離：Mark Cuban 警告下的 AI 泡沫、債務風險與長期投資人定力](https://research.deepvalues.ai/insights/2026-10-26-the-will-to-prepare-zh/index.md): 當前人工智慧（AI）與科技股市是否已陷入泡沫？答案是肯定的。當前市場定價模式已大幅偏離企業未來自由現金流折現值（Net Present Value of…
- [行政命令 14330 的私募股權陷阱與 ASML 的護城河解析：長期價值投資人的風險與機會指南](https://research.deepvalues.ai/insights/2026-10-26-democratizing-401-k-private-equity-zh/index.md): 本文深入探討美國行政命令 14330 將規模達 14 兆美元的 401(k) 退休金開放投入私募股權（PE）市場的潛在風險，同時對極紫外光（EUV）微影設備龍…
- [從天安門難民到價值投資大師：李錄談美中競爭、亞裔人才護城河與人工智慧浪潮的長期投資思考](https://research.deepvalues.ai/insights/2026-10-26-columbia-universitys-inaugural-frank-tang-lecture-featuring-li-lu-zh/index.md): 本篇深度分析報告基於喜馬拉雅資本（Himalaya Capital）創辦人李錄於 Columbia University（哥倫比亞大學）首屆 F.K. Tan…
- [拆解 Anthropic S-1：807億美元虧損迷霧下的真實營運槓桿與1.5兆美元估值思辨](https://research.deepvalues.ai/insights/2026-10-26-anthropic-ipo-financial-analysis-zh/index.md): Anthropic 於 2026 年 10 月 26 日正式向美國證券交易委員會（SEC）提交了 S-1 公開招股書。這份文件揭示的高達 807.48 億美元…
- [Analyzing Berkshire Hathaway’s $28 Billion Stake in Alphabet: A Value Investing Perspective](https://research.deepvalues.ai/insights/2026-10-25-warren-buffetts-google-investment-strategy/index.md): In its latest 13F filing, Berkshire Hathaway revealed a 45% expansion of its Alphabet (Google) position, building its total stake to approximately $28…
- [Understanding Biological vs. Digital Brains: Ilya Sutskever's Perspective on AI's Ultimate Trajectory](https://research.deepvalues.ai/insights/2026-10-25-navigating-the-ai-era/index.md): In his June 6, 2025 honorary degree address at the University of Toronto, AI researcher Ilya Sutskever articulated the foundational theoretical rationale…
- [Dissecting Asymmetric Value: Mohnish Pabrai’s Framework for High-Uncertainty, Low-Risk Investing](https://research.deepvalues.ai/insights/2026-10-25-mohnish-pabrais-investing-strategy/index.md): In his strategic interview with New Money, Mohnish Pabrai details a disciplined, institutional investment methodology designed around low-risk…
- [波克夏重倉 Alphabet 的底層邏輯：從巴菲特視角解析 Google 的護城河、資本回報率與資本配置優勢](https://research.deepvalues.ai/insights/2026-10-25-warren-buffetts-google-investment-strategy-zh/index.md): 根據最新公佈的 13F 季度申報資料，華爾街頂級投資機構波克夏（Berkshire Hathaway）將其對 Google 母公司 Alphabet 的持股規…
- [Ilya Sutskever 的 AI 第一性原理：從生物電腦到超級智慧的演進邏輯與人類終極挑戰](https://research.deepvalues.ai/insights/2026-10-25-navigating-the-ai-era-zh/index.md): 本篇深度分析旨在剖析人工智慧先驅 Ilya Sutskever 於 2025 年 6 月 6 日在多倫多大學獲頒榮譽學位時的演講精髓。Ilya…
- [巴菲特式七步投資法與極端不對稱報酬：Mohnish Pabrai 的超額報酬實戰指南](https://research.deepvalues.ai/insights/2026-10-25-mohnish-pabrais-investing-strategy-zh/index.md): 本篇文章深入剖析著名價值投資人 Mohnish Pabrai 承襲巴菲特（Warren Buffett）與查理·蒙格（Charlie Munger）思想所建立…
- [Amazon’s $220 Billion AI Infrastructure Strategy: Custom Silicon, Data Center Economics, and Enterprise AI Scale](https://research.deepvalues.ai/insights/2026-10-24-amazons-ai-era-and-infrastructure-expansion/index.md): Amazon is navigating an unprecedented $220 billion capital expenditures (capex) cycle in 2026 to expand its global artificial intelligence and cloud…
- [2,200 億美元資本支出的背後：Amazon CEO Andy Jassy 解構 AI 基礎設施巨變、算力槓鈴效應與晶片自研戰略](https://research.deepvalues.ai/insights/2026-10-24-amazons-ai-era-and-infrastructure-expansion-zh/index.md): 核心摘要 本研究深度解構 Amazon 在 AI 世代的資本配置與基礎設施擴張戰略。面對 2026 年預計高達 2,200 億美元的資本支出，Amazon 透…
- [Nvidia (NVDA) Deep Value Intelligence Report · Oct 23, 2026](https://research.deepvalues.ai/company/nvda/2026-10-23-en/index.md): Neutral (4.05/5) on Nvidia (NVDA), Oct 23, 2026. Price $211 vs intrinsic value $205. NVIDIA is an exceptional operating business whose recent financial…
- [Netflix (NFLX) Deep Value Intelligence Report · Oct 23, 2026](https://research.deepvalues.ai/company/nflx/2026-10-23-en/index.md): Bullish (4.04/5) on Netflix (NFLX), Oct 23, 2026. Price $67 vs intrinsic value $138, 51.9% margin of safety. Netflix is a high-quality, increasingly…
- [American Express (AXP) Deep Value Intelligence Report · Oct 23, 2026](https://research.deepvalues.ai/company/axp/2026-10-23-en/index.md): Bearish (3.73/5) on American Express (AXP), Oct 23, 2026. Price $325. American Express is a high-quality financial-services franchise with a durable…
- [Exxon Mobil (XOM) Deep Value Intelligence Report · Oct 22, 2026](https://research.deepvalues.ai/company/xom/2026-10-22-en/index.md): Bearish (2.60/5) on Exxon Mobil (XOM), Oct 22, 2026. Price $178 vs intrinsic value $27. Exxon Mobil remains a strategically important integrated energy…
- [Alphabet (GOOGL) Deep Value Intelligence Report · Oct 22, 2026](https://research.deepvalues.ai/company/googl/2026-10-22-en/index.md): Bullish (3.81/5) on Alphabet (GOOGL), Oct 22, 2026. Price $327 vs intrinsic value $286. Alphabet remains an unusually high-quality, cash-generative…
- [Kaspi.kz (KSPI) Deep Value Intelligence Report · Oct 21, 2026](https://research.deepvalues.ai/company/kspi/2026-10-21-en/index.md): Bullish (3.85/5) on Kaspi.kz (KSPI), Oct 21, 2026. Price $94 vs intrinsic value $648,559, 100% margin of safety. Kaspi.kz JSC (KSPI) combines a large…
- [MasterCard (MA) Deep Value Intelligence Report · Oct 21, 2026](https://research.deepvalues.ai/company/ma/2026-10-21-en/index.md): Neutral (3.30/5) on MasterCard (MA), Oct 21, 2026. Price $620. Mastercard remains an exceptionally high-quality payments network with strong secular…
- [VFLO Deep Value Intelligence Report · Oct 20, 2026](https://research.deepvalues.ai/company/vflo/2026-10-20-en/index.md): Neutral (3.00/5) on VFLO, Oct 20, 2026. VFLO, the VictoryShares Free Cash Flow ETF, is an almost entirely equity-based mid-cap value ETF with a…
- [NBR Deep Value Intelligence Report · Oct 20, 2026](https://research.deepvalues.ai/company/nbr/2026-10-20-en/index.md): Bearish (2.95/5) on NBR, Oct 20, 2026. Price $80 vs intrinsic value $24. Nabors Industries is a highly cyclical oilfield-services company showing a sharp…
- [Meta Platforms, Inc. (META) Deep Value Intelligence Report · Oct 20, 2026](https://research.deepvalues.ai/company/meta/2026-10-20-en/index.md): Bearish (3.72/5) on Meta Platforms (META), Oct 20, 2026. Price $705 vs intrinsic value $941, 25% margin of safety. Meta Platforms is a high-quality…
- [SpaceX (SPCX) Deep Value Intelligence Report · Oct 19, 2026](https://research.deepvalues.ai/company/spcx/2026-10-19-en/index.md): Bearish (2.78/5) on SpaceX (SPCX), Oct 19, 2026. Price $148. SPCX displays strong top-line growth and a potentially differentiated aerospace and…
- [Tesla (TSLA) Deep Value Intelligence Report · Oct 19, 2026](https://research.deepvalues.ai/company/tsla/2026-10-19-en/index.md): Neutral (2.44/5) on Tesla (TSLA), Oct 19, 2026. Price $355. Tesla remains a financially strong but economically difficult-to-value operating company. The…
- [Fifth Third Bancorp (FITB) Deep Value Intelligence Report · Oct 18, 2026](https://research.deepvalues.ai/company/fitb/2026-10-18-en/index.md): Bearish (3.58/5) on Fifth Third Bancorp (FITB), Oct 18, 2026. Price $50. Fifth Third Bancorp, or FITB, is a reasonably profitable regional bank with…
- [Alphabet (GOOGL) Deep Value Intelligence Report · Oct 17, 2026](https://research.deepvalues.ai/company/googl/2026-10-17-en/index.md): Neutral (3.71/5) on Alphabet (GOOGL), Oct 17, 2026. Price $341 vs intrinsic value $286. Alphabet remains an exceptionally high-quality business with a…

## Optional

- [Companies A-Z](https://research.deepvalues.ai/company/)
- [search-index.json](https://research.deepvalues.ai/search-index.json): compact title/ticker/date/language index of every document
- [robots.txt](https://research.deepvalues.ai/robots.txt): all AI crawlers allowed; Content-Signal search=yes, ai-input=yes, ai-train=yes