LT Weekly: Dec 19, 2025
After dropping last Friday and sliding through midweek, the S&P 500 regained its footing on Thursday and Friday following the November CPI print which showed tamer inflation than expected. The S&P finished roughly flat for the week and Nasdaq climbed about +1.9%.
**Before everyone heads off for the holidays, we are publishing the Winter Edition of our LionTree’s Lens, which outlines what we view as the most important developments and themes, as well as predictions for the year ahead (see Theme #1) – feedback is always welcome!**
Elsewhere it was busy in the sector and we focused on the below in this week’s report:
- LionTree’s Lens: Winter 2025 – *NEW REPORT*
- CEOs & Investors Are Entering 2026 With “Measured Optimism And Sharpened Realism”
- More Speculation Emerges This Week That Added Fuel To The AI Infrastructure & Deal Circulatory Debate
- Short Form Video Continues To Consolidate Its Position In The Streaming Landscape
- Key Trends W/ Bots, Internet Traffic, And Global Connectivity In 2025
- FWA Speeds For The Big 3 Telcos Have Been A Little Less Speedy So Far This Year
- Grab Bag: 24 Hour Trading? / Instacart & AI Pricing Inquiry / Coinbase Also Jumps Into Predictions Markets
Lastly, on behalf of LionTree, I want to wish everyone a wonderful holiday and New Year. We look forward to engaging with all of you in the year ahead! (Also note that the next LT Weekly Update will be post the holidays).
Best,
Leslie
LionTree’s Lens: Winter 2025 – *NEW REPORT*
We are excited to share our latest LionTree’s Lens: Sector Insights & A Look Ahead, Winter 2025 perspectives, which highlights what we view as the most important market trends and thematic shifts across the TMT and consumer landscape during the last quarter, and some expectations as we look ahead.
Click HERE for our slide deck and the ~20-minute video presentation.
While headline indices have stayed modestly positive in Q4, performance has been highly concentrated beneath the surface. Healthcare has emerged as the market leader after lagging in Q3, while Information Technology has seen a sharp reversal, falling from the top-performing sector in Q3 to one of the weakest in Q4.
In this edition, AI was certainly a common thread across many themes and we offer perspectives in sub-sectors including sports/media entertainment, digital advertising, social media, connectivity, the predictions markets, and more. Overall, the industry continues to evolve and transform at a rapid clip!