Sector Deep Dives
Industry-level deep dives examining structural trends, competitive dynamics, capital allocation, and sector-specific valuation across technology, healthcare, energy, financials, and more.
4 articles
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Electricity, Not Silicon, Is the AI Bottleneck. How the Power Trade Rotated From Generators to the Grid
US power demand is up four years running and transformers carry 128-week lead times — so the AI-power trade rotated from generators to equipment makers. Vertiv +71.6%, Quanta +61.8%, GE Vernova +55.8%, while Constellation −25% and Oklo −40%. Who wins, who loses, how to position.
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The Fed Cut Rates. It Couldn’t Cut Mortgage Rates. Inside the 2026 REIT and Housing Split
Fed funds is down to 3.63%, but the 10-year sits at 4.71% and 30-year mortgages are stuck at 6.58% — so housing is frozen while REITs split three ways. Data centers boom (EQIX +41.5%), builders bleed (LEN −17.7%). Who wins, who loses, and how to position.
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Musk Calls Himself a Modern Cassandra. What His AI, Robot and Mars Predictions Are Worth to Investors
Musk told The Economist AI could exceed all human intelligence within five years. We verify what’s checkable — SpaceX’s $2.6T-to-$1.5T valuation round trip, the xAI merger, the Musk-Altman verdict — and price the trade across SPCX, TSLA and ASML.
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The Great AI Downgrade: Why DoorDash, Airbnb, and Siemens Are Moving AI Workloads to Chinese Open-Weight Models
Per the FT, DoorDash, Airbnb and Siemens now route AI workloads to Chinese open-weight models — DeepSeek, Z.ai, Moonshot — at up to 97% below US model prices. Inside the token-share collapse, the winners (semis, adopters) and the losers (closed-model resellers).