Memory and context architecture is a real capability gradient and a technical moat, not a GTM wedge.

Marks

2026-03 · hold · backfilled

Capability signal, not a wedge.

2026-05 · hold · backfilled

Volume without a GTM.

2026-06 · weaker

Second-brain guides are content.

2026-07 · weaker

Lab research, not a company.

2026-08 · hold

No material move.