About Me

I write independent equity research on companies, themes and the supply chains behind them.

About me — I graduated from the University of Waterloo with a Bachelor of Mathematics, double major in Finance and Statistics.

About the research

My research starts with themes: structural changes in technology and the economy. The work turns on synthesis - connecting dots across supply chains, finding where the market has the direction right but the magnitude wrong, and tracing demand upstream to the binding constraint. From there, I look at which businesses stand to benefit and what may be mispriced. That keeps the work forward-looking: what’s underappreciated now, not what already played out.

Themes I’m covering

• AI (Compute Stack)
• Physical AI / Robotics
• Energy Transition
• Space — want to look into this more

I welcome discussion and inquiries. You can reach me at npeng@uwaterloo.ca.