ATLAS
PRIV-TENS

Tenstorrent

PrivateWatchlist Only

Business overview

Direct AI revenue

RISC-V-based AI compute and IP under Jim Keller, with chiplet-driven scale-out training systems.

Long-dated bet on open architectures (RISC-V) inside AI training; commercial traction still nascent.

Products
  • Wormhole/Blackhole
  • RISC-V CPU IP
Customers (2)
  • Hyundai
  • Government research
Competitors (3)

Composite score

Higher = stronger overall research case

47
Fundamental50
Technical50
Valuation60
AI relevance45
Risk-adjusted (higher = safer)25
Segment-relative fundamental percentile: 10

Financial summary

Curated, illustrative

Revenue
$50.00M
Growth (YoY)
200.0%
Gross margin
30.0%
Operating margin
-80.0%
FCF
$-20.00M
Capex
$10.00M
Net cash / (debt)
$0.00
ROIC
-30.0%
Customer conc.
Medium

Valuation

Market cap
$2.50B
Enterprise value
$2.50B
P/E (TTM)
Forward P/E
EV / Sales
EV / EBITDA
P / FCF
PEG
Rule of 40

Risks

Severity 1 (low) to 5 (severe)

  • 5
    Early commercial stage

Score components

What drove the composite

Growth100
Profitability20
Cash generation20
Balance sheet78
Moat / AI relevance48
Capital intensity (higher = lighter)37
Customer diversification60
Valuation discipline (dilution)42
Trend (MA50/MA200)50
Momentum (3/6/12m)50
Relative strength50
Realized vol (higher = lower vol)50