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

The tweet presents conflicting analyst views on Amplitude with a bullish Raymond James initiation and a bearish Quant rating, but the author asks a rhetorical question without taking a personal position.

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.'

Author is long AMPL (shares and LEAPs), claiming AI-driven analytics will re-rate the company as AI lowers the perceived cost and raises the perceived value of tracking more events, expanding revenue under its metered pricing model. The author cites Cursor as a precedent, AMPL's 16% Y/Y ARR growth, 104% net retention, and AI agents moving from beta to GA. They are watching Q4 earnings in February for adoption metrics and require NRR and net new ARR to continue expanding.