Research

Deep Dives

Long-form analysis on AI infrastructure, competitive dynamics, and investment implications. First 300 words free, full analysis for subscribers.

February 27, 2026Pro

NVIDIA's Blackwell Architecture: Infrastructure Moat or Temporary Advantage?

NVIDIA's Blackwell GPUs are shipping at scale. We break down what this means for hyperscaler capex cycles, competitive dynamics with AMD and custom silicon, and whether the infrastructure moat is durable.

infrastructureNVIDIAGPUs

February 20, 2026Pro

Where Value Accrues in the AI Software Stack: A Framework for Investors

The AI infrastructure buildout gets the headlines, but the software layer is where margins and durability live. We map the AI software stack and identify where value is most likely to accrue over the next 3-5 years.

softwareframeworksvalue-capture