Sign in Subscribe

Tech Sector Diagnostics - 6 April 2026

Our weekly quantitative audit of the tech value chain is now available. This week's diagnostic focuses on semiconductor companies. 👉 The PDF report is available via the download link below: Tech Sector Diagnostics - SemisTech Sector Diagnostics - Semis.pdf39 KBdownload-circle This update represents 25% of our coverage. We are

Oil Shock and the Cost of Intelligence

Programming note: our next issue lands 6 April, where we will take a look at the memory crunch. How to Fund AI with $100 Oil During the past few years, the Federal Reserve has been trying to pull off a soft landing—bringing inflation down without crashing the economy—something
Oil Shock and the Cost of Intelligence

Tech Sector Diagnostics - 30 March 2026

Our weekly quantitative audit of the tech value chain is now available. This week's diagnostic focuses on the Software segment. 👉 The PDF report is available via the download link below: Tech Sector Diagnostics - SaaSTech Sector Diagnostics - SaaS.pdf308 KBdownload-circle This update represents 25% of our coverage. In

OpenClaw and the Great Mac Mini Shortage

Lobster Farming The most interesting economic indicator in AI right now is not Nvidia's revenue beat or a LLM benchmark score. It is the wait time for an Apple Mac Mini in Shenzhen, China. For many years, the Mac Mini has lived in the neglected corner of Apple&
OpenClaw and the Great Mac Mini Shortage

Tech Sector Diagnostics - 23 March 2026

Our weekly quantitative audit of the tech value chain is now available. This week's diagnostic focuses on the Cloud Computing segment, tracking fundamental vitals and valuation regimes across Hyperscalers and Hybrid/Multicloud providers. 👉 The PDF report is available via the download link below: Tech Sector Diagnostics - Cloud - 20260323Tech

Private Credit's Software Problem

Programming note: ARPU returns 23 March, where we will take a look at the real-world adoption of AI. Software Cockroach In the summer of last year, JPMorgan CEO Jamie Dimon offered a grim warning about the sudden collapse of a few obscure companies funded by private credit. "My
Private Credit's Software Problem

AI Pincer Movement

Programming note: Our next issue lands 13 March, where we will dig into market data to see if the tech industry's fundamentals are keeping pace with the narrative. Salesforce's Dilemma As we discussed recently, the software industry has been crushed by a new market narrative dubbed
AI Pincer Movement

SaaSpocalypse and the "Shoot First" Trade

Programming note: our next issue lands 6 March, where we will examine the current market narratives about key AI players and platforms. AI Eats Software Over the past few years, the market's operating assumption was that Artificial Intelligence was a magical productivity booster that would lift all boats.
SaaSpocalypse and the "Shoot First" Trade

Alphabet's 70% Return

Programming note: our next issue lands 2 March, where we will be diving into the market pressures facing software platforms. The $4 Trillion Vibe Shift If you rewind the tape just a year or two, the consensus narrative on Wall Street was that Alphabet was a vulnerable incumbent trapped by
Alphabet's 70% Return

The Equity/Debt Divide in AI

Programming note: ARPU will return on 23 February and examine the market narratives dominating the hyperscalers. Century of Faith The standard timeline for the AI economy is usually measured in months. We wait for the next model iteration, the latest GPU shipping estimates, or the next quarter's cloud
The Equity/Debt Divide in AI