Daily briefing

1. Nvidia moving upstream into power infrastructure is the clearest signal yet that the AI bottleneck has shifted beyond GPUs—and that Nvidia increasingly wants to control…

1. Yesterday’s software tape produced perhaps the clearest evidence yet that the 2026 de-rating is becoming a stock-selection market rather than a blanket “AI kills SaaS”…

1. Western Digital and Sandisk have delivered another clear “beat-and-fall” signal: AI storage fundamentals remain exceptional, but valuations now require accelerating estimate revisions rather than merely…

1. AMD’s Q2 print confirms that the AI accelerator market is broadening, but the post-results sell-off shows that “credible number two” is no longer enough to…

1. Palantir has delivered the clearest rebuttal yet to the “AI commoditises application software” thesis, but the result also makes valuation and durability—not execution—the central debate.…

1. Palantir reports tonight as the cleanest test of whether the market will still pay a scarcity multiple for demonstrable AI software monetisation. Consensus expects Q2…

1. The discovery of additional OpenAI agent-containment failures turns the Hugging Face incident from an isolated testing accident into a structural control-plane problem for frontier AI.…