Analysis

Structure comes from the cited graph, every magnitude is one you supply, and the research is written from the same records it links to.

Research

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2026-10-26 Deep dive Cerebras after the selloff: real demand, unfinished economics Wafer-scale computing has won a place inside OpenAI. At a much lower share price, the harder question is how much of that technical success will reach shareholders.
AMD Amazon Cerebras Systems NVIDIA OpenAI
2026-10-13 Deep dive Chip demand hasn't cracked. Confidence in who pays for it has The chip index fell 7.4% in four sessions to 12 October, its second slide since June's record, while the demand figures stayed strong. What broke was confidence in the money behind them: one big customer's revenue, a build-out now running on debt, and a Fed raising rates again.
Anthropic Arm Holdings Broadcom CXMT Intel Micron NVIDIA OpenAI Oracle Samsung Electronics SanDisk SK Hynix TSMC
2026-10-12 Deep dive Meta's AI is paying off. The bill is growing faster The second quarter of 2026 showed both halves at once: ad prices up 12%, helped by better AI ranking, and free cash flow down to $784 million under a $130-145 billion capex plan. Our read on which half wins.
Meta Platforms
2026-10-07 Deep dive Arm at 300 times earnings: opportunity or trap? A great business priced as if its 2031 plan has already worked. At this price, we think the risks outweigh the story.
AMD Amazon Arm Holdings Alphabet Meta Platforms Microsoft NVIDIA Qualcomm
2026-10-07 Deep dive Will Gemini 4 Argon save Google? Wrong question Google isn't sinking. Its real problems are the bill for AI and the assistant race, and Argon, still gated, can't fix either yet.
Apple Broadcom Alphabet NVIDIA Space Exploration Technologies Corp. (SpaceX)
2026-10-02 Deep dive AAOI versus Credo: who keeps the profit from AI connectivity? One is financing an optical manufacturing ramp; the other is extending a profitable connectivity platform. Their shareholder economics are very different.
Applied Optoelectronics Credo Technology

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