Articles
Deep dives on the forces moving markets — researched, fact-checked, free to read
AI InfrastructureJul 10, 2026· 12 min read
Who Actually Pays for AI? Inside the $700 Billion Hyperscaler Capex Wave
Amazon, Microsoft, Alphabet, and Meta have guided to roughly $700 billion of 2026 capital expenditure — nearly $2 billion a day. Where the money comes from, whose revenue it lands in, what it is doing to free cash flow, the contracted demand behind it, and what a crack would look like.
Read the deep diveSemiconductorsJul 10, 2026· 14 min read
The 2026 Memory Supercycle, Explained: Why RAM Prices Exploded and What the Earnings Tape Shows
DRAM contract prices rose 90–95% in a single quarter and every major memory maker printed record results. A deep dive into the AI-driven memory shortage: the HBM mechanism behind it, the hyperscalers paying for it, the history of memory busts — and what would end it.
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