Duolingo Posted Strong Earnings. Wall Street Punished It Anyway

Duolingo reported $335M revenue (up from $329M), but stock dropped 15%. Analysis of why software companies are getting punished while infrastructure plays are rewarded

Hey everyone,

Quick update before we dive in: This week was intense. We saw earnings across AI infrastructure, energy storage, and defense tech that revealed a lot about where this market is heading. Some names got punished hard (DUOL down to $200, KTOS -12%), while others quietly proved their thesis is working.

I’m sharing my real positions and thought process here - both wins and risks. This is where I’m learning in real-time, and I want you to see the full picture: the macro thesis, the specific plays, and the execution risks that keep me up at night.

Let’s get into it.