Hercules Capital remains a 'Strong Buy' as Q1 results dispel AI-driven SaaS loan fears, showing record investment income and stable credit quality. HTGC achieved 18.2% year-over-year portfolio growth to $4.8B, with non-accruals at a low 0.1% (based off of fair value) and robust origination momentum. Net investment income of $0.48/share in Q1 '26 covered the dividend at 120%.