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 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.
-
Astra and the Next AI Hardware Rally: Why Marvell Fits the New Bottleneck
A framework for the next AI hardware bottleneck: connectivity, custom silicon and power, with Marvell as a case study and valuation as a key risk.
-
Long Agribusiness, Short Packaged Foods: A 6–12 Month Agricultural Inflation Trade
How food inflation can divide agribusiness and packaged foods. A relative-value framework with supply, pricing-power and short-position risks.