Hardware
Two Teslas: Pricing the Car and the AI Option
Tesla is a carmaker and an autonomy option wearing one ticker. Value them separately.
Premium
+2
Google Ran Out of AI Compute for Meta
Google capped Meta's Gemini use and rented 110,000 GPUs from SpaceX. The AI bottleneck is physical.
Markets
+2
The Compute Constraint: Owning AI's Scarce Layer
A compute shortage that binds the richest buyers inverts the bubble thesis. Own the constrained layer.
Premium
+3
IBM Just Cracked the 1-Nanometer Barrier (and Why It Matters)
IBM's 0.7nm nanostack chip stacks transistors in 3D, keeping Moore's Law alive for another decade.
Markets
+2
The Angstrom Era: Who Captures IBM's Breakthrough
IBM rescued the scaling roadmap. The durable margin sits with the foundries and the enablers.
Premium
+3
Jalapeño: Pricing OpenAI's Move Into Silicon
OpenAI's first chip is a margin play on inference. How to price the vertical-integration race.
Premium
+3
OpenAI Just Made Its Own Chip (and Why It Matters)
OpenAI unveiled Jalapeño, its first custom chip with Broadcom, to cut costs and lean less on Nvidia.
Markets
+2
The AI Drawdown: Stress-Testing the Memory Super-Cycle
A risk-repricing, not an earnings-repricing. How to read the most crowded trade's first real drawdown.
Premium
+3
The AI Trade Just Had a Very Bad Day
A chip-led rout dragged markets down worldwide. Here is what spooked investors and what to watch next.
Markets
+2
China's $295 Billion Plan to Beat the US at AI
Beijing's plan to build a national AI grid on 80 percent domestic chips locks out Nvidia and AMD.
Markets
+2
The Sovereign Stack: Pricing China's $295B AI Bet
A state mandate is splitting global compute into two non-fungible stacks. Where the value moves.
Premium
+3
Apple Is Making Chips With Intel Now (and What It Really Means)
Trump says Apple will build chips with Intel in the US, sending Intel to a record high.
Markets
+2
The Apple-Intel Signal: Pricing the Foundry Comeback
A non-binding post added tens of billions to Intel. The real value is foundry credibility.
Premium
+3
