Strand · MKT

Markets & Power

8 essays, April 2026 to June 2026. They test Bottleneck Migration (4).

Every essay in this strand

  1. Law I Right About AI, Wiped Out Anyway AI is real. The open question is whether the companies spending $725 billion on it live to collect.
  2. Law I The Other Half of Compute Everyone is counting gigawatts and GPUs. The number that decides the return is what each one actually buys.
  3. Law I Three Hidden Bottlenecks the AI Buildout Has Already Moved Past GPUs NVIDIA's GPU shipments are not the binding constraint anymore. The supply chain has voted on what comes next.
  4. Law I NVDA Q1 FY2027: The Networking Number That Changes the Story NVIDIA Q1 FY2027 revenue hit $81.6B (+85% YoY) — but the real story is networking revenue surging 199% as the AI bottleneck migrates from GPUs to interconnects.
  5. The SpaceX IPO Is Not What You Think You're Buying The filing will not just price rockets. It will reveal which layer public investors actually own.
  6. PLTR: The AI Stock That Has To Prove It Owns The Permission Layer A bull/bear thesis for Palantir: not whether AI demand is real, but whether Palantir owns the permission layer between model capability and real-world action.
  7. Right Company, Wrong Vector A pick is a number. A position is a vector. The post-mortem language we have only knows how to blame the company.
  8. The Investor's Substrate Test Score the substrate beneath any single position in seven minutes. A 5-axis profile and a 0-10 score for any holding. Free.

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