Dear readers, On Wednesday we wrote that the AI trade was rotating from semiconductor hardware into software and cybersecurity —...

Dear readers, On Monday we wrote that the S&P 500's rally was being carried by just 20 stocks hitting new...

Dear readers, On Saturday we wrote that the AI infrastructure buildout was repricing utilities, grid operators, and cooling-system manufacturers —...

Dear readers, On Friday we wrote that Dell's 88 percent revenue surge proved the AI profits are accumulating in physical...

Dear readers, On Thursday we wrote that the AI investment thesis was entering its most demanding phase — that the...

Dear readers, On Tuesday we wrote that the market was rewarding proven earnings power over product roadmaps — that Schwab's...

Dear readers, Yesterday we wrote about the companies pushing AI onto the device itself — Apple's silicon roadmap, Arm's 45...

Dear readers, On Friday we wrote that the market's pricing mechanism was shifting from rewarding companies that build AI capacity...

Dear readers, On Thursday we wrote that the hardware earnings came and went — that Nvidia's $81.6 billion quarter barely...

Dear readers, Yesterday we wrote that Nvidia's earnings would dominate 48 hours of market commentary and that either outcome —...