Insights
Analysis and commentary on markets, companies, and the forces that move them.
How Central-Bank Rate Decisions Ripple Into Your Portfolio
A rate change is one number, but it ripples through bond prices, growth-stock valuations, currencies and borrowing costs. A guide to the plumbing — and why understanding it beats forecasting the Fed.
Home Bias: Why Most Investors Underweight Most of the World
Investors everywhere hold overwhelmingly domestic stocks — often 80–90%+ — even when their home market is a sliver of global value. Why home bias happens, and what global exposure does and doesn't do.
GPUs, HBM, and the Bridge Between Them: Mapping the Advanced Packaging Chokepoint
Why advanced packaging — the process that fuses GPU dies to their HBM stacks — may be the tightest and least discussed constraint in the entire AI hardware supply chain.
Why HBM May Decide the Next Decade of AI Chips More Than the GPU Does
Why high-bandwidth memory, not the GPU itself, has become the binding constraint on AI hardware supply — and what would actually have to change for that to shift.
NVIDIA, TSMC, SK Hynix, and Samsung: Mapping the True Center of Gravity in the AI Semiconductor Race
A structural map of the four companies that anchor the AI hardware buildout — NVIDIA, TSMC, SK Hynix, and Samsung — and the physical bottlenecks that actually gate AI chip supply.