Publications

Articles and analysis on markets, companies, the economy and technology, with a focus on the context behind the headlines.

Illustration: Pont du Gard - the keystone of the arch

Markets and Earnings

When the Keystones Begin to Creak

29 July 2026 · 14 min

When The Air Gets Tinner

Markets and Earnings

When the Air Gets Thinner: How Software-as-a-Service (SaaS) Was Forced to Acclimatize to Agentic Artificial Intelligence in 2025-2026

21 July 2026 · 7 min

Professional financial illustration showing the Nasdaq building in the background with glowing HBM memory chips on a circuit board in the foreground. Golden candlestick charts rise dramatically and transform into magical energy and flames, symbolizing the uncontrolled surge in AI capital expenditures. Dark navy blue and gold color palette in a premium, modern editorial style, referencing the Sorcerer’s Apprentice metaphor.

Markets and Earnings

SK Hynix Nasdaq Debut 2026: $26.5 Billion, AI Capital Expenditure Risks, and the Threat of HBM Chip Oversupply

13 July 2026 · 8 min

AI Supercycle 2026: High Valuations, Low Revenues, and Massive Capex - Where Is the Return?

Markets and Earnings

AI Supercycle 2026: High Valuations, Low Revenues, and Massive Capex - Where Is the Return?

10 July 2026 · 12 min

Alex Karp and his criticism of AI companies

Markets and Earnings

Alex Karp Reveals: ‘We’re Paying for Tokens That Create No Value, While They Steal Our Alpha’

6 July 2026 · 12 min

To build or not to build?

Markets and Earnings

Meta Enters the Cloud: Is AI Capex Leading to Oversupply or Smart Monetization?

3 July 2026 · 9 min

IPO SpaceX

Markets and Earnings

SpaceX: The Rocket That Launched Musk to Trillionaire Status - and the Gravity That Inevitably Follows

22 June 2026 · 13 min