I barely use the autocomplete features of Cursor, and for agentic coding, Claude Code blows Cursor Agent out of the water. I don't think Cursor has anything that cannot be replicated in a week or two other than the first mover advantage; certainly not an advantage that cannot be justified at 30B+ valuation.

"not an advantage that cannot be justified at 30B+ valuation"

cannot -> can

(the extra negative negated your point)

I've turned off Cursor's autocomplete. Every interaction with it feels like two steps forward and two steps back.

That is all well and good, but I think it's a fair question in terms of valuation. What is their moat other than momentum?

They don't have one. People have been calling this out for a while.

They're also royally screwed since the IDE is going to cease being the place this work is done soon. Your VCS and org chat will be the new IDE.

Have you tried Zed? Cursor is terribly slow and buggy.