{
  "report_id": "theme_ai_capex_node_ai_demand_workload_growth",
  "report_type": "theme_value_chain_node",
  "site_path": "themes/ai-capex-cycle/nodes/ai-demand-workload-growth/index.html",
  "title": "AI Demand And Workload Growth",
  "as_of": "2026-06-13",
  "generated_at": "2026-06-13T13:05:00-07:00",
  "freshness": {
    "price_data_as_of": "2026-06-12",
    "daily_ohlc_latest": "2026-06-12",
    "chart_interval": "weekly",
    "knowledge_reviewed_as_of": "2026-06-13",
    "official_sources_reviewed_as_of": "2026-06-13",
    "earnings_calendar_reviewed_as_of": "2026-06-13",
    "active_common_stocks": 5274,
    "filtered_coverage_count": 4991,
    "lineage_note": "Read-only DuckDB coverage on 2026-06-13 showed daily_ohlc rows through 2026-06-12 for all 10 core tickers. Static threshold references from the completed 2026-06-05 weekly bar are stale relative to API-backed chart data and must be refreshed before current trading use."
  },
  "revision": {
    "version": 3,
    "updated_label": "Latest node-page format, basket cards, visual setup, and 2026-06-12 chart provenance",
    "metadata_path": "themes/ai-capex-cycle/nodes/ai-demand-workload-growth/report.json",
    "curation_source": "Static node artifact update; local knowledge, official IR/SEC checks, Nasdaq earnings-date availability checks, and read-only discovery"
  },
  "node": {
    "slug": "ai-demand-workload-growth",
    "order": 1,
    "level": "L1 demand monitor node",
    "role": "Tests whether AI and cloud workload growth converts into software, data, observability, security, workflow, and edge revenue with disclosed ARR, RPO, retention, margin, and FCF evidence.",
    "description": "AI Demand And Workload Growth tracks the software, data, observability, security, workflow, and edge platforms where AI usage should show up as paid product revenue, ARR, RPO or cRPO, net retention, customer expansion, margin, and free cash flow. The expanded basket read ranks PLTR first for direct operational AI revenue and margin proof, SNOW and DDOG for data and observability workload evidence, CRWD and PANW for security-platform ARR and RPO proof, then MDB, NOW, NET, CRM, and ZS for narrower or less-clean workload conversion tests."
  },
  "ticker_baskets": {
    "core": [
      "PLTR",
      "SNOW",
      "DDOG",
      "CRWD",
      "PANW",
      "MDB",
      "NOW",
      "NET",
      "CRM",
      "ZS"
    ],
    "option": [],
    "watch": []
  },
  "adjacent_refs": [
    "MSFT",
    "GOOGL",
    "AMZN",
    "META",
    "CRWV"
  ],
  "basket_data_sources": {
    "market_cap_source": {
      "kind": "duckdb_readonly_query",
      "label": "Local discovery instruments.market_cap for ranked basket",
      "accessed_at": "2026-06-13",
      "query_ref": "discovery:duckdb:instruments.market_cap:PLTR|SNOW|DDOG|CRWD|PANW|MDB|NOW|NET|CRM|ZS:2026-06-13"
    },
    "earnings_date_source": {
      "kind": "earnings_calendar_availability_check",
      "label": "Nasdaq earnings pages returned no available earnings-date field for all ranked tickers",
      "accessed_at": "2026-06-13",
      "tickers": [
        "PLTR",
        "SNOW",
        "DDOG",
        "CRWD",
        "PANW",
        "MDB",
        "NOW",
        "NET",
        "CRM",
        "ZS"
      ],
      "limitation": "Next earnings dates are marked Not confirmed rather than inferred from reporting cadence."
    },
    "latest_quarter_revenue_source": "Latest reported quarterly total revenue comes from linked security lanes and the official company IR or SEC sources listed in external_sources."
  },
  "chart_artifacts": [
    {
      "chart_id": "chart-pltr",
      "ticker": "PLTR",
      "source_table": "daily_ohlc",
      "chart_interval": "weekly",
      "aggregation": "weekly bars grouped from daily rows by calendar week; open is first row, high is weekly max, low is weekly min, close is final row, volume is summed",
      "indicators": [
        "20w_ema",
        "100w_ema",
        "weekly_volume",
        "20w_average_volume"
      ],
      "indicator_method": "20-week and 100-week exponential moving averages computed from weekly closes using full available weekly history before visible-window clipping; weekly volume bars shown with a 20-week average volume line",
      "price_data_as_of": "2026-06-12",
      "visible_years": 3,
      "visible_end_date": "2026-06-12",
      "rendering": "api_selected_security_panel",
      "api_route": "/api/securities/PLTR/chart?frequency=weekly&window=3y&as_of=latest"
    },
    {
      "chart_id": "chart-snow",
      "ticker": "SNOW",
      "source_table": "daily_ohlc",
      "chart_interval": "weekly",
      "aggregation": "weekly bars grouped from daily rows by calendar week; open is first row, high is weekly max, low is weekly min, close is final row, volume is summed",
      "indicators": [
        "20w_ema",
        "100w_ema",
        "weekly_volume",
        "20w_average_volume"
      ],
      "indicator_method": "20-week and 100-week exponential moving averages computed from weekly closes using full available weekly history before visible-window clipping; weekly volume bars shown with a 20-week average volume line",
      "price_data_as_of": "2026-06-12",
      "visible_years": 3,
      "visible_end_date": "2026-06-12",
      "rendering": "api_selected_security_panel",
      "api_route": "/api/securities/SNOW/chart?frequency=weekly&window=3y&as_of=latest"
    },
    {
      "chart_id": "chart-ddog",
      "ticker": "DDOG",
      "source_table": "daily_ohlc",
      "chart_interval": "weekly",
      "aggregation": "weekly bars grouped from daily rows by calendar week; open is first row, high is weekly max, low is weekly min, close is final row, volume is summed",
      "indicators": [
        "20w_ema",
        "100w_ema",
        "weekly_volume",
        "20w_average_volume"
      ],
      "indicator_method": "20-week and 100-week exponential moving averages computed from weekly closes using full available weekly history before visible-window clipping; weekly volume bars shown with a 20-week average volume line",
      "price_data_as_of": "2026-06-12",
      "visible_years": 3,
      "visible_end_date": "2026-06-12",
      "rendering": "api_selected_security_panel",
      "api_route": "/api/securities/DDOG/chart?frequency=weekly&window=3y&as_of=latest"
    },
    {
      "chart_id": "chart-crwd",
      "ticker": "CRWD",
      "source_table": "daily_ohlc",
      "chart_interval": "weekly",
      "aggregation": "weekly bars grouped from daily rows by calendar week; open is first row, high is weekly max, low is weekly min, close is final row, volume is summed",
      "indicators": [
        "20w_ema",
        "100w_ema",
        "weekly_volume",
        "20w_average_volume"
      ],
      "indicator_method": "20-week and 100-week exponential moving averages computed from weekly closes using full available weekly history before visible-window clipping; weekly volume bars shown with a 20-week average volume line",
      "price_data_as_of": "2026-06-12",
      "visible_years": 3,
      "visible_end_date": "2026-06-12",
      "rendering": "api_selected_security_panel",
      "api_route": "/api/securities/CRWD/chart?frequency=weekly&window=3y&as_of=latest"
    },
    {
      "chart_id": "chart-panw",
      "ticker": "PANW",
      "source_table": "daily_ohlc",
      "chart_interval": "weekly",
      "aggregation": "weekly bars grouped from daily rows by calendar week; open is first row, high is weekly max, low is weekly min, close is final row, volume is summed",
      "indicators": [
        "20w_ema",
        "100w_ema",
        "weekly_volume",
        "20w_average_volume"
      ],
      "indicator_method": "20-week and 100-week exponential moving averages computed from weekly closes using full available weekly history before visible-window clipping; weekly volume bars shown with a 20-week average volume line",
      "price_data_as_of": "2026-06-12",
      "visible_years": 3,
      "visible_end_date": "2026-06-12",
      "rendering": "api_selected_security_panel",
      "api_route": "/api/securities/PANW/chart?frequency=weekly&window=3y&as_of=latest"
    },
    {
      "chart_id": "chart-mdb",
      "ticker": "MDB",
      "source_table": "daily_ohlc",
      "chart_interval": "weekly",
      "aggregation": "weekly bars grouped from daily rows by calendar week; open is first row, high is weekly max, low is weekly min, close is final row, volume is summed",
      "indicators": [
        "20w_ema",
        "100w_ema",
        "weekly_volume",
        "20w_average_volume"
      ],
      "indicator_method": "20-week and 100-week exponential moving averages computed from weekly closes using full available weekly history before visible-window clipping; weekly volume bars shown with a 20-week average volume line",
      "price_data_as_of": "2026-06-12",
      "visible_years": 3,
      "visible_end_date": "2026-06-12",
      "rendering": "api_selected_security_panel",
      "api_route": "/api/securities/MDB/chart?frequency=weekly&window=3y&as_of=latest"
    },
    {
      "chart_id": "chart-now",
      "ticker": "NOW",
      "source_table": "daily_ohlc",
      "chart_interval": "weekly",
      "aggregation": "weekly bars grouped from daily rows by calendar week; open is first row, high is weekly max, low is weekly min, close is final row, volume is summed",
      "indicators": [
        "20w_ema",
        "100w_ema",
        "weekly_volume",
        "20w_average_volume"
      ],
      "indicator_method": "20-week and 100-week exponential moving averages computed from weekly closes using full available weekly history before visible-window clipping; weekly volume bars shown with a 20-week average volume line",
      "price_data_as_of": "2026-06-12",
      "visible_years": 3,
      "visible_end_date": "2026-06-12",
      "rendering": "api_selected_security_panel",
      "api_route": "/api/securities/NOW/chart?frequency=weekly&window=3y&as_of=latest"
    },
    {
      "chart_id": "chart-net",
      "ticker": "NET",
      "source_table": "daily_ohlc",
      "chart_interval": "weekly",
      "aggregation": "weekly bars grouped from daily rows by calendar week; open is first row, high is weekly max, low is weekly min, close is final row, volume is summed",
      "indicators": [
        "20w_ema",
        "100w_ema",
        "weekly_volume",
        "20w_average_volume"
      ],
      "indicator_method": "20-week and 100-week exponential moving averages computed from weekly closes using full available weekly history before visible-window clipping; weekly volume bars shown with a 20-week average volume line",
      "price_data_as_of": "2026-06-12",
      "visible_years": 3,
      "visible_end_date": "2026-06-12",
      "rendering": "api_selected_security_panel",
      "api_route": "/api/securities/NET/chart?frequency=weekly&window=3y&as_of=latest"
    },
    {
      "chart_id": "chart-crm",
      "ticker": "CRM",
      "source_table": "daily_ohlc",
      "chart_interval": "weekly",
      "aggregation": "weekly bars grouped from daily rows by calendar week; open is first row, high is weekly max, low is weekly min, close is final row, volume is summed",
      "indicators": [
        "20w_ema",
        "100w_ema",
        "weekly_volume",
        "20w_average_volume"
      ],
      "indicator_method": "20-week and 100-week exponential moving averages computed from weekly closes using full available weekly history before visible-window clipping; weekly volume bars shown with a 20-week average volume line",
      "price_data_as_of": "2026-06-12",
      "visible_years": 3,
      "visible_end_date": "2026-06-12",
      "rendering": "api_selected_security_panel",
      "api_route": "/api/securities/CRM/chart?frequency=weekly&window=3y&as_of=latest"
    },
    {
      "chart_id": "chart-zs",
      "ticker": "ZS",
      "source_table": "daily_ohlc",
      "chart_interval": "weekly",
      "aggregation": "weekly bars grouped from daily rows by calendar week; open is first row, high is weekly max, low is weekly min, close is final row, volume is summed",
      "indicators": [
        "20w_ema",
        "100w_ema",
        "weekly_volume",
        "20w_average_volume"
      ],
      "indicator_method": "20-week and 100-week exponential moving averages computed from weekly closes using full available weekly history before visible-window clipping; weekly volume bars shown with a 20-week average volume line",
      "price_data_as_of": "2026-06-12",
      "visible_years": 3,
      "visible_end_date": "2026-06-12",
      "rendering": "api_selected_security_panel",
      "api_route": "/api/securities/ZS/chart?frequency=weekly&window=3y&as_of=latest"
    }
  ],
  "links_out": [
    "theme_ai_capex_cycle",
    "theme_enterprise_ai_software_roi",
    "sector_information_technology",
    "sector_communication_services",
    "risk_market_fragility_amplification"
  ],
  "knowledge_sources": [
    "../../../../../knowledge/wiki/concepts/themes/ai-capex-cycle.md",
    "../../../../../knowledge/wiki/concepts/themes/enterprise-ai-software-roi.md",
    "../../../../../knowledge/wiki/lanes/sector/information-technology.md",
    "../../../../../knowledge/wiki/lanes/sector/communication-services.md",
    "../../../../../knowledge/wiki/lanes/security/pltr.md",
    "../../../../../knowledge/wiki/lanes/security/snow.md",
    "../../../../../knowledge/wiki/lanes/security/ddog.md",
    "../../../../../knowledge/wiki/lanes/security/crwd.md",
    "../../../../../knowledge/wiki/lanes/security/panw.md",
    "../../../../../knowledge/wiki/lanes/security/mdb.md",
    "../../../../../knowledge/wiki/lanes/security/now.md",
    "../../../../../knowledge/wiki/lanes/security/net.md",
    "../../../../../knowledge/wiki/lanes/security/crm.md",
    "../../../../../knowledge/wiki/lanes/security/zs.md",
    "../../../../../knowledge/wiki/lanes/security/msft.md",
    "../../../../../knowledge/wiki/lanes/security/googl.md",
    "../../../../../knowledge/wiki/lanes/security/amzn.md",
    "../../../../../knowledge/wiki/lanes/security/meta.md",
    "../../../../../knowledge/wiki/lanes/security/crwv.md",
    "../../../../../knowledge/wiki/concepts/themes/funding-dependency-and-duration-tolerance.md",
    "../../../../../knowledge/wiki/concepts/risks/market-fragility-amplification.md"
  ],
  "external_sources": [
    {
      "kind": "sec_filing",
      "label": "PLTR Q1 2026 Form 10-Q",
      "url": "https://investors.palantir.com/files/2026%20Q1%20PLTR%2010-Q.pdf"
    },
    {
      "kind": "sec_filing",
      "label": "SNOW Q1 FY2027 earnings exhibit",
      "url": "https://www.sec.gov/Archives/edgar/data/1640147/000164014726000027/fy2027q1earnings.htm"
    },
    {
      "kind": "company_ir",
      "label": "DDOG Q1 2026 results",
      "url": "https://investors.datadoghq.com/news-releases/news-release-details/datadog-announces-first-quarter-2026-financial-results"
    },
    {
      "kind": "company_ir",
      "label": "CRWD Q1 FY2027 results",
      "url": "https://ir.crowdstrike.com/news-releases/news-release-details/crowdstrike-reports-first-quarter-fiscal-year-2027-financial"
    },
    {
      "kind": "company_ir",
      "label": "PANW fiscal Q3 2026 results",
      "url": "https://investors.paloaltonetworks.com/news-releases/news-release-details/palo-alto-networks-reports-fiscal-third-quarter-2026-financial"
    },
    {
      "kind": "sec_filing",
      "label": "MDB Q1 FY2027 earnings exhibit",
      "url": "https://www.sec.gov/Archives/edgar/data/1441816/000162828026038798/mdb-043026xex991xrelease.htm"
    },
    {
      "kind": "company_ir",
      "label": "NOW Q1 2026 results",
      "url": "https://investor.servicenow.com/news/news-details/2026/ServiceNow-Reports-First-Quarter-2026-Financial-Results/default.aspx"
    },
    {
      "kind": "company_ir",
      "label": "NET Q1 2026 results",
      "url": "https://www.cloudflare.net/news/news-details/2026/Cloudflare-Announces-First-Quarter-2026-Financial-Results/default.aspx"
    },
    {
      "kind": "company_ir",
      "label": "CRM Q1 FY2027 results",
      "url": "https://investor.salesforce.com/news/news-details/2026/Salesforce-Delivers-Record-First-Quarter-Fiscal-2027-Results/default.aspx"
    },
    {
      "kind": "company_ir",
      "label": "ZS Q3 FY2026 results",
      "url": "https://ir.zscaler.com/news-releases/news-release-details/zscaler-announces-strong-third-quarter-fiscal-2026-results"
    }
  ],
  "discovery_sources": [
    {
      "kind": "status",
      "label": "Expanded AI demand workload growth local daily_ohlc coverage",
      "query_ref": "discovery:status:PLTR|SNOW|DDOG|CRWD|PANW|MDB|NOW|NET|CRM|ZS"
    },
    {
      "kind": "lineage-status",
      "label": "Expanded AI demand workload growth daily_ohlc lineage status",
      "query_ref": "discovery:lineage-status:daily_ohlc:PLTR|SNOW|DDOG|CRWD|PANW|MDB|NOW|NET|CRM|ZS"
    },
    {
      "kind": "duckdb_readonly_query",
      "label": "AI Demand And Workload Growth weekly OHLC and EMA chart inputs",
      "query_ref": "discovery:duckdb:daily_ohlc_weekly_aggregation_20w_100w_ema:ai-demand-workload-growth:2026-06-12"
    }
  ]
}