Equity Research Rewind

Highlighting our unique insights across key growth sectors.

Q4 2025

Equity Research Rewind is a publication highlighting William Blair’s in-depth thematic research from the past quarter. The Q4 2025 edition features comprehensive analysis across nine themes: a cautiously optimistic economic outlook for 2026; the future of rare earth minerals and U.S. supply chains; the data center boom’s impact on commercial real estate; breakthroughs in CAR-T therapies; innovation in continuous glucose monitoring; shifts in energy markets and utility costs; the expanding role of AI in healthcare revenue cycle management; vertical software’s importance in an AI-driven world; and the rise of stablecoins in global commerce.

Economics

Economic Outlook 2026: Glass Half Full

The economic outlook for 2026 is cautiously optimistic, with growth expected to broaden, despite persistent inflation.
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Biotechnology

CELLect Horizons—Back to the Future: Revisiting the In Vivo CAR-T Landscape

This edition of CELLect Horizons summarizes the progress in vivo CAR-Ts have made over the last two years and provides perspective on the field’s developments.
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Healthcare

Healthcare Mosaic: The Growing Importance of AI in the Revenue Cycle Management Marketplace

Our 39th Healthcare Mosaic report takes a deeper dive into the growing importance of artificial intelligence in the healthcare provider revenue cycle management market.
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CGM Deep Dive: Analysis of Ketone Sensor, Type 2 Non-Insulin Market and PCP/Endo Survey Results

The continuous glucose monitoring market is on the brink of innovation with the anticipated launch of dual ketone sensors, which address a critical condition that accounts for $6.8 billion in U.S. hospital charges annually.
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Energy and Power Technologies

Rare Earth Minerals: Potential for Critical Mineral Sovereign Fund and Other Backing

Understand why these investments are expected to drive a surge in U.S. mine-to-magnet capacity.
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Pain at the Plug: Five-Pillar Energy Plan for American Abundance

For decades, gasoline prices served as the barometer of economic health and political stability, shaping everything from consumer sentiment to presidential approval ratings. Today, electricity bills assume that same role.
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Financial Services and Technology

Programmable Money: Stablecoins Are the Future of Cross-Border Commerce

This report presents the case that stablecoins will revolutionize the global financial system, replacing traditional B2B money movement rails and, in certain situations, consumer commerce infrastructure.
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Technology, Media, and Communications

CRE Services: A Quiet Champion of the Data Center Boom

A surge in demand is driving billions of investment dollars toward high-performance facilities capable of supporting increasingly advanced workloads.
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The Age of Embedded Intelligence: Vertical Software’s Foundational Role in an Agentic World

Investors and companies alike continue to ask one question: Does AI disrupt the reliance on the ways that enterprises leverage software applications?
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William Blair Thinking

William Blair Thinking Podcast

William Blair Thinking

Equity Research Rewind

Q4 2025

Economics

Economic Outlook 2026: Glass Half Full

Biotechnology

CELLect Horizons—Back to the Future: Revisiting the In Vivo CAR-T Landscape

Healthcare

Healthcare Mosaic: The Growing Importance of AI in the Revenue Cycle Management Marketplace

CGM Deep Dive: Analysis of Ketone Sensor, Type 2 Non-Insulin Market and PCP/Endo Survey Results

Energy and Power Technologies

Rare Earth Minerals: Potential for Critical Mineral Sovereign Fund and Other Backing

Pain at the Plug: Five-Pillar Energy Plan for American Abundance

Financial Services and Technology

Programmable Money: Stablecoins Are the Future of Cross-Border Commerce

Technology, Media, and Communications

CRE Services: A Quiet Champion of the Data Center Boom

The Age of Embedded Intelligence: Vertical Software’s Foundational Role in an Agentic World

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