After the latest tariff twists and chips export restrictions to China, initial earnings in the AI space were widely expected. They didn’t disappoint, with both Taiwan Semi and Siemens Energy releasing strong quarterly figures and either maintaining or exceeding full-year expectations. Taiwan Semi, the leading maker of chips whose growth has been buoyed in recent…
It’s been a turbulent few weeks, with tariff uncertainty fueling broader concerns about the macroeconomic outlook and, specifically, about the AI spending environment. Even if semiconductors were initially expected to be spared from tariffs, the prospect of an economic downturn affecting the core businesses of major hyperscalers—such as declining advertising revenues at Google and Meta,…
At last week’s GTC conference, Nvidia provided a glimpse of its upcoming AI chips, including the Rubin Ultra GPU, set to launch in late 2026. This next-generation AI accelerator is expected to consume up to 1.8kW per unit and 600kW per rack, a significant jump from previous models. For comparison, the current GB200 draws 1.2kW…
In recent days, quantum computing has seen significant progress, with Microsoft and D-Wave announcing groundbreaking developments. As detailed in a previous report, a major hurdle in quantum computing has always been the decay of qubits, which leads to coherence loss and computational errors. Indeed, creating qubits involves producing particles that can be electronically controlled, which…
In recent days, SpaceX’s Starlink announced partnerships with two of India’s leading telecom giants, Airtel and Jio, to provide broadband internet services to even the most remote and rural regions of the country. This marks a significant step as Starlink seems poised to finally break into the Indian internet market, the second largest in the…
Alibaba, China’s leading cloud computing platform, impressed investors with a sharp acceleration in cloud revenue growth to +13% year-on-year, up from 7% in the previous quarter and 3% above expectations, driven by triple-digit AI growth. The real standout, however, was Alibaba’s $4.3 billion quarterly capex, marking a 300% year-on-year surge and 80% quarter-on-quarter growth. The…
Palantir, the largest position in both our AI and Cybersecurity portfolios, impressed again last night with revenue growth accelerating for the sixth quarter in a row to 36% (from 30%) and a FY25 revenue growth guidance of 31%, both figures coming 5-10% ahead of expectations. The strong top-line performance sparked another significant margin leverage, with…
The initial panic triggered by DeepShitSeek is starting to subside as more information comes to light. Recent reports indicate that the true cost of their training process was closer to $500 million, not the $6 million initially claimed. Additionally, it appears that DeepSeek’s LLM performance isn’t as groundbreaking as first suggested, with revelations that the…
The rise of the Chinese AI assistant DeepSeek to the top of the iPhone download charts has sent shockwaves through global markets—and, more specifically, the entire AI value chain. The app’s AI model is widely regarded as highly competitive with OpenAI’s ChatGPT and other leading models, all while being significantly less expensive to train and…
As promised during his campaign, President Donald Trump declared a national energy emergency following his inauguration and signed several executive orders aimed at boosting domestic fossil fuel production while reversing many of the clean energy policies from the Biden era. Trump, along with key cabinet members such as Doug Burgum, the newly appointed Secretary of…