Glenn Ford

Contributing Analyst

GNG Research

Joined GNG Research October 2025

X (opens in a new tab)

Glenn Ford is a Contributing Analyst at GNG Research with nearly two decades of market experience, investing since 2006. His professional background spans architecture and systems design, automation, cybersecurity and compliance, quantitative research modeling, data infrastructure, product and UX, marketing and content, partnerships, analytics, education, and strategic planning.

He brings that cross-functional rigor to equity research, covering AI infrastructure and semiconductors, private credit and alternative asset managers, data-center REITs, fintech and insurtech, and energy infrastructure.

Glenn's process combines deep fundamental work with quantitative tooling such as DCF, sensitivity ranges, Monte Carlo simulation, Bayesian bands, Rule-of-40 and cash-flow durability checks, and ROIC-minus-WACC analysis. Each piece includes a clear thesis, stated time horizon, and explicit "what would change my mind" triggers, with every source documented for transparency.

Top Picks

The AI Agent Boom Has a Pricing Problem

Thesis: Agent boom has a pricing mismatch - compute and cloud capture the bulk of spend today, while software vendors must shift from seat to task pricing to defend economics
NVIDIA Data Center revenue $89.0bn in quarter ended July 26, +117% YoY; global cloud infrastructure spending $143.4bn in June quarter, +43% YoY

Thesis: Agent boom has a pricing mismatch - compute and cloud capture the bulk of spend today, while software vendors must shift from seat to task pricing to defend economics
NVIDIA Data Center revenue $89.0bn in quarter ended July 26, +117% YoY; global cloud infrastructure spending $143.4bn in June quarter, +43% YoY
Adoption divergence - McKinsey: 88% use AI in >=1 function, only 6% show company-wide profit impact; Infosys/HFS: 14% have scaled agentic AI, 60% of advanced agents still rule-based

Sep 30, 2026

How I Use the GNG AI Analyst to Find Stocks Worth Owning: A Complete Beginner's Walkthrough

Use the GNG AI Analyst to compress an evening of work into about 15 minutes - it pulls live prices, fundamentals, filings, dividends, earnings and news into interactive charts inside the chat workspace
Run plain-English screens across 5000+ tickers - example filter: dividend yield >2.5%, 5yr dividend growth >6%/yr, payout <75%, market cap >$10bn, sort by discount to fair value; queries cost pennies of credits

Use the GNG AI Analyst to compress an evening of work into about 15 minutes - it pulls live prices, fundamentals, filings, dividends, earnings and news into interactive charts inside the chat workspace
Run plain-English screens across 5000+ tickers - example filter: dividend yield >2.5%, 5yr dividend growth >6%/yr, payout <75%, market cap >$10bn, sort by discount to fair value; queries cost pennies of credits
Interpret the results like an analyst - be suspicious of extreme top rows, prefer names that are solid across columns, and refine with follow-up questions until you reach a 5-10 name shortlist

Aug 17, 2026

GNG Research Radar | August 8–14, 2026

NVIDIA struck platform deals with Apollo, BlackRock, Blackstone, Brookfield, Goldman and KKR to enable >$500bn potential AI-infrastructure financing, but capacity is not committed
PJM attributes roughly 30 GW of its projected 32 GW load growth through 2030 to data centers; proposed rule would force new large loads to bring generation or accept emergency curtailment

NVIDIA struck platform deals with Apollo, BlackRock, Blackstone, Brookfield, Goldman and KKR to enable >$500bn potential AI-infrastructure financing, but capacity is not committed
PJM attributes roughly 30 GW of its projected 32 GW load growth through 2030 to data centers; proposed rule would force new large loads to bring generation or accept emergency curtailment
Pentagon draft memo directs up to $244m to Palantir services through Mar 2027 and seeks funding to Dec 2028, potentially expanding PLTR into munitions production and supply-chain work

Aug 14, 2026

Azure Accelerated At $100 Billion Of Scale. Why I Own Microsoft, And What Still Worries Me

Azure grew 43% in the June quarter vs guide 39-40% and street ~40%, management guided ~45% CC for September, full-year Azure revenue topped $100B, up 41% - rare acceleration at that scale
Management attributes the upside to supply - 31 new datacenters this quarter, 88 YTD, ~1GW added and GPU-to-revenue lag roughly halved, suggesting growth currently tracks build velocity not unconstrained demand

Azure grew 43% in the June quarter vs guide 39-40% and street ~40%, management guided ~45% CC for September, full-year Azure revenue topped $100B, up 41% - rare acceleration at that scale
Management attributes the upside to supply - 31 new datacenters this quarter, 88 YTD, ~1GW added and GPU-to-revenue lag roughly halved, suggesting growth currently tracks build velocity not unconstrained demand
Accounting changes lower the capex headline - data center useful life extended 15 to 25 years and more leases classified as operating, cutting 2026 capex from ~$190B to ~$175B while underlying spend stays the same

Jul 30, 2026

The Forge After the Screen: Four Large-Cap Vulcan Garp Quant Strong Buys

Rules-based screen filtered US equities market cap > $10B, GNG Quant Strong Buy, analyst Buy+, ≥5% upside - output 43 candidates, tech-heavy bench with cyclicals, energy, materials presence
Vulcan overlay imposed one-per-sector, GARP sanity, split raw vs investable scores, live-price cross-checks - narrowed 43 to 4 to preserve factor strength while limiting sector concentration

Rules-based screen filtered US equities market cap > $10B, GNG Quant Strong Buy, analyst Buy+, ≥5% upside - output 43 candidates, tech-heavy bench with cyclicals, energy, materials presence
Vulcan overlay imposed one-per-sector, GARP sanity, split raw vs investable scores, live-price cross-checks - narrowed 43 to 4 to preserve factor strength while limiting sector concentration
Micron (MU): GNG Quant 76.3, analyst upside ~52%, forward P/E ~6x, PEG ~0.14, 12-month return >700%, $250B fab buildout, LT deals cover ~20% DRAM and ~30% NAND - staged entry advised

Jul 16, 2026

The Great Defensive Rotation: What Friday's June 5th Tech Wreck Actually Means for Next Week

Friday June 5 was the largest one-day Nasdaq decline since April 2025, Nasdaq Composite -4.18%, S&P -2.64%; semiconductors led the hit - Marvell -16%, Micron -13%, Intel -11%, AMD -12.6%.
May payrolls 172K vs ~80K expected, unemployment 4.3%, Treasury yields spiked and Fed futures now price a 42.7% probability of a December rate hike; Broadcom's weak AI outlook initiated the chip unwind.

Friday June 5 was the largest one-day Nasdaq decline since April 2025, Nasdaq Composite -4.18%, S&P -2.64%; semiconductors led the hit - Marvell -16%, Micron -13%, Intel -11%, AMD -12.6%.
May payrolls 172K vs ~80K expected, unemployment 4.3%, Treasury yields spiked and Fed futures now price a 42.7% probability of a December rate hike; Broadcom's weak AI outlook initiated the chip unwind.
Rotation into defensives evident - five sectors closed Friday positive: XLP +1.72%, XLU +0.93%, XLRE +0.72%, XLV +0.61%, XLF +0.19%; one-week leadership favors Healthcare +3.50%, Real Estate +3.35% while Tech is -7.92%.

Jun 6, 2026

Eight Weeks in the Dark: What GNG Quant's Live Forward-Alpha Test Actually Revealed

8 of 9 weekly 5-day windows beat the S&P 500 (89% hit rate), averaging +1.34% alpha per 5-day period.
The one clear miss was 2026-01-23 (both surfaces negative), but subsequent runs snapped back positive.

8 of 9 weekly 5-day windows beat the S&P 500 (89% hit rate), averaging +1.34% alpha per 5-day period.
The one clear miss was 2026-01-23 (both surfaces negative), but subsequent runs snapped back positive.
21-day results are the standout: 5 of 5 windows positive, averaging +5.22% alpha vs the S&P 500.

Feb 24, 2026

Understanding GNG Quant | Why Two Investors Can Look at the Same Stock and Reach Completely Different Conclusions

GNG Quant is a rules-based engine that scores every stock across 6 pillars - Momentum, Growth, Valuation, Quality, Sentiment, and Safety, eliminating emotional drift from investment decisions.
The system goes beyond fundamentals with a proprietary sentiment layer that measures real options positioning and crowd behavior, not mood surveys or social media hype.

GNG Quant is a rules-based engine that scores every stock across 6 pillars - Momentum, Growth, Valuation, Quality, Sentiment, and Safety, eliminating emotional drift from investment decisions.
The system goes beyond fundamentals with a proprietary sentiment layer that measures real options positioning and crowd behavior, not mood surveys or social media hype.
GNG Quant doesn't just rank stocks - it generates a portfoli ideas with sector caps, position-size rules, and a trade sheet that minimizes churn while keeping allocations current.

Feb 21, 2026

When the Market Prices a Cash Machine for Scrap (MNDY)

MNDY dropped 21% post-earnings despite beating revenue (+27%) and EPS (+15% surprise) on FY2026 guidance deceleration to 18-19% growth
At $77.63, the stock trades at 7.5x EV/FCF vs peers CRM (~14x), TEAM (~20x), pricing in negative cash flow growth for 5 years

MNDY dropped 21% post-earnings despite beating revenue (+27%) and EPS (+15% surprise) on FY2026 guidance deceleration to 18-19% growth
At $77.63, the stock trades at 7.5x EV/FCF vs peers CRM (~14x), TEAM (~20x), pricing in negative cash flow growth for 5 years
$1.67B in cash and securities ($32/share) creates a hard balance sheet floor, no meaningful debt, Altman Z of 4.7

Feb 10, 2026

Market Update: Something Unusual Happened in the Final Days of January

VZ surged 12% in 3 days while KLAC crashed 15%. When quality semis sell off and boring telecoms breakout together, institutions are repositioning.
Consumer Staples outperforming Discretionary near all-time highs is a classic warning sign. Add telecoms rallying hard and the rotation is real.

VZ surged 12% in 3 days while KLAC crashed 15%. When quality semis sell off and boring telecoms breakout together, institutions are repositioning.
Consumer Staples outperforming Discretionary near all-time highs is a classic warning sign. Add telecoms rallying hard and the rotation is real.
PLTR forming potential head-and-shoulders at $142-148 support. Software may bounce 3-4 weeks then weaken into March. Use strength to trim.

Jan 31, 2026

When Martech Meets OpenAI: The Zeta Global Operating Leverage Play

OpenAI partnership at CES '26 validates AI strategy, but profitability crossover is the real catalyst worth watching for multiple expansion
EBITDA margin hit 23.2% in Q3, extending 19-quarter streak; operating leverage converting growth into bankable profits

OpenAI partnership at CES '26 validates AI strategy, but profitability crossover is the real catalyst worth watching for multiple expansion
EBITDA margin hit 23.2% in Q3, extending 19-quarter streak; operating leverage converting growth into bankable profits
GNG rates Ultra Value Buy at 51% discount to $42.99 fair value; Stock Rover more conservative at ~$26, highlighting thesis risk

Jan 27, 2026

Why I’ll Buy Duolingo Once the Tape Stops Bleeding

Quality-sentiment divergence creates opportunity: Quality Score 90/100 vs Sentiment Score 1/100 represents extreme disconnect between business fundamentals and market pricing
Cash generation is now material: $348M trailing FCF on $964M revenue equals 36% FCF margin with 72% gross margins, pristine balance sheet, and 27.6% ROIC

Quality-sentiment divergence creates opportunity: Quality Score 90/100 vs Sentiment Score 1/100 represents extreme disconnect between business fundamentals and market pricing
Cash generation is now material: $348M trailing FCF on $964M revenue equals 36% FCF margin with 72% gross margins, pristine balance sheet, and 27.6% ROIC
38% discount to fair value: Stock at $148.58 vs Vulcan BFV of $205 and Stock Rover fair value of $207.39, but trend-aware sizing required due to broken chart

Jan 22, 2026

Vulcan Quant Growth
Growth
Vulcan Active Growth IRA
Growth
Vulcan 6.7% High Yield+CAGR ETF Fund
Dividend Growth
Vulcan AI Spine
AI Spine
Vulcan Income – Global Risk-Managed Dividend Portfolio
Dividend Growth
Vulcan LDA
Growth Alpha

About Glenn Ford