Latest posts
-
Agentic AI Changes the Memory Trade: HBM Is Only the Hot Tier
AI agents need more than HBM. Explore the case for CPU memory, CXL and context storage—and the revenue signals that would validate it.
-
The FPGA Shortage: AI’s Next Hidden Infrastructure Bottleneck
Why programmable chips matter to AI networking, control and testing. A framework for Lattice, AMD and Microchip, with clear risks to the shortage thesis.
-
AI Has a Siting Problem: Why Floating Data Centers Could Become Korea’s Next AI Infrastructure Opportunity
Floating data centers could ease siting constraints. The key tests for Korean shipbuilders are paying customers, viable economics and repeat orders.
-
AI Leaders Are Saying “Slow Down.” Does That Break the AI Infrastructure Trade?
Would slower AI development end the infrastructure trade? Separate training risk from inference demand, and watch spending, orders and utilization.
-
Oracle (ORCL): From Funding Burden to Monetization Proof
Oracle’s AI backlog is only the starting point. Examine capacity delivery, utilization, financing and the path from contracted demand to cash flow.
-
Part I: America’s Y Strategy — How the U.S. Builds Productive Capacity Without State Capitalism
Part I of America’s Y Strategy: how incentives and private capital might become productive capacity, and why announcements are not enough.
-
Part II: Funding the Y Strategy — Stablecoins, Treasury Engineering and the Bridge Regime
Part II of America’s Y Strategy: stablecoins, Treasury funding and the refinancing risks that remain while long-term projects are built.
-
Part III: Investing in America’s Y Strategy — Winners, Risks and Signals to Watch
Part III of America’s Y Strategy: distinguish industrial winners from attractive investments using cash flow, valuation and explicit failure signals.