AM AMPL Amplitude, Inc. Class A Common Stock Loading... : Investor Sentiment and Bull/Bear Views

Sees Amplitude as the clearest direct customer read-through: its Wave product uses DigitalOcean's agent runtime and open models at about 67% lower cost for a core workload, potentially improving unit economics though consolidated impact is unquantified.

Author remains bullish on Amplitude after its Q4 earnings, arguing it is positioning to be an AI winner as agentic queries rose 138x to 25% of platform queries and large customers like NTT Docomo report 90% analysis-time reductions. They expanded their position after the new agents platform launch and may buy more because the earnings call confirmed the AI adoption thesis, but they prefer shares over calls since these AI features are not yet directly monetized and the benefit must come through second-order volume expansion. Risks cited are soft guidance, negative SaaS market sentiment, and a potential months-long lag before AI features show up on the balance sheet. The author's horizon is not precisely specified beyond 'when,' not 'if.'

Amplitude is building the AI-native 'Cursor of product/business analytics,' and its metered pricing means AI increases event tracking and revenue. The author expects a major re-rating as the market prices in AI's role, and is watching Q4 earnings in February for AI adoption metrics, progression from beta to GA, and expanding NRR/net new ARR.