D-Wave Q1 2026: $11 Billion for a Company That Recognized $2.9 Million in Revenue
The Valuation Is the Story, and the Story Is Indefensible Strip away the press release language, the conference appearances, and the analyst cheerleading, and D-Wave…
The Quantum Rally Playbook Is Running Again. It Ends the Same Way.
On May 21, 2026, D-Wave Quantum gained 33 percent and Rigetti Computing gained 30 percent in a single session. IonQ was up double digits. The…
After the Euphoria Fades: Quantum Stocks Face a 25% Fall
QBTS: The Government Bought a Press Release. The 8-K Contained the Actual Economics. The Thesis Quantum Computing Inc. (QUBT), D-Wave Quantum (QBTS), Rigetti Computing (RGTI),…
Gartner’s $2.6 Trillion AI Forecast: Winners, Losers, and the Stock Calls That Follow
Gartner’s latest AI spending forecast puts worldwide investment at $2.59 trillion in 2026, up 47% year-over-year. For equity investors, the number itself is less important…
Cerebras (CBRS): The Short Thesis Writes Itself
Cerebras Systems priced its IPO at $185 on May 13, opened at $350 on May 14, hit $386 intraday, and closed its first session at…
The Collingridge Dilemma Comes for AI
David Collingridge stated the dilemma in a single sentence in his 1980 book The Social Control of Technology: attempts to control a technology come either…
Nebius Q1 2026: The $3.2 Billion Customer Prepayment That Matters More Than the $621 Million Headline
Nebius reported Q1 2026 revenue of $399 million, up 684 percent year-over-year, and net income from continuing operations of $621.2 million against a loss of…
The Efficiency Paradox: AI Efficiency Generates Demand
Every major technology cycle produces the same misreading. Observers measure what a new tool eliminates and conclude that less work remains. They are almost always…
The Pure-Play NAND Bet: Why SanDisk May Outrun Micron in the AI Memory Cycle
The thesis is contrarian by construction. The dominant AI-memory narrative since 2023 has been about High Bandwidth Memory, a 3D-stacked DRAM architecture that Micron makes…
Micron Crosses $700 Billion as AI Memory Shortage Rewrites the Valuation Floor
Micron Technology reached an all-time intraday high of $666.59 on May 6, with the stock surging roughly 11% on the session and extending gains in…
The Trade Desk Q1 2026: Revenue Growth Holds, But the Margin Story Is Compressing
The Trade Desk reported first-quarter 2026 revenue of $689 million, up 12% year-over-year, beating the implied guidance range and extending the company’s record of consistent…
Dropbox Q1 2026: Revenue Stabilization, Margin Compression, and the Debt-Funded Buyback Question
Dropbox reported first-quarter 2026 revenue of $629.5 million, up 0.8% year-over-year on a reported basis and 2.0% excluding the FormSwift business the company is winding…
Cloudflare Grows 34%, Cuts 1,100 Jobs, and Watches Its Stock Decline 19% in After-Hours Trading
Cloudflare reported first-quarter 2026 revenue of $639.8 million, a 34% year-over-year increase that cleared the Street’s $622 million consensus with room to spare. Non-GAAP earnings…
AI Didn’t Create the Layoffs. It Just Made Them Speakable.
Marc Andreessen posted something on Wednesday that most people in management already know and almost none will say publicly: large companies have been overstaffed by…
AMD +20% Premarket — Sector Repricing, Not a One-Stock Event
The approximately 20% premarket move in Advanced Micro Devices is disorienting if you read it as an earnings reaction. It is entirely legible if you…
GameStop Bids $56 Billion for eBay
GameStop has submitted a formal acquisition offer for eBay, proposing to purchase all outstanding shares of the e-commerce platform at $125 per share in a…
Apple Delivers a Power Quarter as Growth Reaccelerates Across the Board
Apple Inc. just reminded the market why it still sits at the center of global tech gravity. The March quarter numbers weren’t just “good”—they were…
PayPal’s Reset Moment Feels Less Like a Shuffle and More Like a Bet on Focus
There’s a certain telltale tone companies use when they’re not just tweaking org charts but trying to reassert control over where they’re going—and this latest…
Reading the PEG Ratio Across Nvidia, Broadcom, and AMD
The PEG ratio is the most-cited and least-rigorous valuation tool in the equity analyst’s drawer. It collapses two estimates — a multiple and a growth…
Nvidia’s $5 Trillion Is Earned, Not Borrowed
Nvidia closed at $208.27 on Friday, up 4.3%, taking out the October 29 peak and crossing $5 trillion in market value. The skeptical read is…
Taiwan Overtakes UK as World’s 7th-Largest Stock Market
On April 16, Taiwan’s total market capitalisation hit $4.13 trillion, edging past the UK’s $4.09 trillion, per Bloomberg data cited by the Financial Times. The…
Intel Q1 2026: Recovery Signals Strengthen, but the Turnaround Is Still Unfinished
Intel’s Q1 2026 report presents a company in transition: operational momentum is improving, core demand is strengthening, but legacy restructuring costs and capital intensity still…
Yuan Gains Ground, But the Dollar Still Dominates
Bloomberg’s latest snapshot of global FX markets shows something important happening beneath the surface: the Chinese yuan is steadily becoming a larger part of world…
MongoDB Expands Irish Operations with €74 Million Investment in AI and Engineering Growth
MongoDB is deepening its presence in Ireland with a €74 million expansion that signals a fairly strong push into engineering, AI development, and broader operational…