The Chokepoint #2: Inside the Photonics Trade

Where the rent flows when light becomes the chokepoint

The Earnings Print: Sunday Roundup

Construction risk on a data center is becoming investment-grade on Day 1

The Chokepoint #1: Power moves fastest

The rent is migrating from the fab to the substation.

Thesis: The memory trade is not done

HBM Stays Scarce. The 2026-2027 memory supply is already spoken for

The biggest AI infrastructure earnings week of 2026

Apr 28 to May 1, 2026 · Tessara earnings preview

SK Hynix's exceptional Q1 2026 & what it means

AWS just became Anthropic's infrastructure floor

Google, Marvell, and the New Inference Stack

OpenAI expands its Cerebras commitment - now $20B

TSMC's Q1 earnings beat.

TSMC's record Q1 profits and what it really means

OpenAI's IPO pre-cleaning - Stargate UK is the victim

Meta's $21B compute deal with CoreWeave

Tightens the market for everyone else

Anthropic's Claude Mythos goes live

And its almost unbelievable

Anthropic's compute scramble just got a ceiling

Meta's $3B off-grid bet

SpaceX pursues a $1.75T public IPO in June - largest in history

CoreWeave's debt move signals who wins the AI infrastructure race

Mistral Borrowed $830M. Now it has to fill the room.

OpenAI's ad model works only if advertisers return

Anthropic's court win just changed how the govt pressures AI labs

Moratorium bill could hand Nebius the US compute advantage? Nah.

Unitree's IPO filing forces Tesla to prove humanoid unit economics matter

Anthropic's macOS move could justify raising Claude Pro prices