Cost pressures across sectors and AI ecosystem interdependence
How rising costs and cash flow pressures can reshape AI ecosystem, and why the financial links between hyperscalers and neoclouds matter.
Weekly Intelligence
The return of the active investor
Despite the zero-alpha assumption, we have good reasons to continue exploring and executing our strategy
Europe first, America next ?
The American economy may now resemble, in several respects, Europe one or two quarters ago. The question is whether the United States is escaping the economic pressures affecting Europe, or simply experiencing them with a delay.
The geography of hidden leverage
Every major financial crisis appears to leave behind better financial reporting. Enron
The hidden dispersion: from company fundamentals to portfolio strategy
Recent results suggest the economic shock is far from uniform. We look at the hidden dispersion between sectors and companies, and what it means for strategies.
The way out of the AI Capex conundrum may be commoditization
AI demand is real, but the capital required to meet it is growing faster than profits. What are the possible ways out?
When prices stop informing Challenging the Efficient Market Hypothesis
When price becomes evidence
When the tide goes out
The delayed shock
The mirage of de-escalation
