Full Underwriting Kura Oncology ($KURA): The Launch Is Working—So Far. The Frontline Bet Is Not Yet Proven. Kura Oncology’s KOMZIFTI launch is gaining traction, but most of the upside depends on unproven frontline AML data. Hayabusa Research examines the evidence, valuation, risks, catalysts, and falsifiers.
Full Underwriting CEVA, Inc. ($CEVA): The Edge-AI Toll Booth Is Real. The Royalty Ramp Isn’t—Yet. CEVA has a credible edge-AI and connectivity IP toll booth, but the investment case depends on whether today’s design wins convert into durable production royalties.
Full Underwriting Featured Adeia Inc. (ADEA): The Hidden Tollbooth Beneath AI Chips Hybrid bonding may become critical infrastructure for advanced AI hardware. The bigger opportunity could be the contracts that were priced before it mattered.
