Insights

Analysis and commentary on markets, companies, and the forces that move them.

Company & ETF Analysis

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.

July 5, 20266 min read
Company & ETF Analysis

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.

July 5, 20267 min read
Company & ETF Analysis

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.

July 5, 202610 min read