Nov 4, 2026
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2 min read
The difference between announcing a data center and running one.
8 min read
Lumentum agreed to take Marvell stock, not cash. Then that stock fell by a third. The lasers still matter. Now the buyer, the wait, and the contract matter too.
Nov 3, 2026
6 min read
The scarce thing in AI isn’t the chip anymore. It’s power and money. That could squeeze Nvidia shareholders whichever way the bottleneck breaks.
Nov 2, 2026
9 min read
Microsoft has cash left over and just borrowed $25 billion anyway. The question isn't who borrows. It's who earns it back.
Oct 30, 2026
7 min read
Record profits and five-year contracts make memory less cyclical. They don't make it cycle-proof. Neither does owning the Chinese challenger.
Oct 29, 2026
The IPO can fund the customer. It doesn’t make every supplier a safe bet. Follow the bills—and who’s backing them.
