TL;DR — A third of every dollar in the S&P 500 now sits in just six companies. An index fund marketed as diversified carries the concentration risk of a handful of mega-cap tech bets. Buy the most boring, most diversified investment product retail investors have...
TL;DR — Nvidia controls roughly 60% of TSMC’s advanced chip packaging capacity, the process that turns GPU dies into finished AI accelerators. That number predicts Nvidia’s 2026 output better than anything said on an earnings call. Every quarter, half a...
TL;DR — Alphabet spent $13.2 billion on stock buybacks a year ago. This quarter it spent zero, despite $69.5 billion in unused buyback authorization, because AI infrastructure spending now sits ahead of shareholder returns in the capital allocation queue. A year ago,...
TL;DR — Amazon’s net income jumped 245% this quarter. Revenue only grew 43%. The gap comes almost entirely from a change in AWS server depreciation schedules, not from the underlying business accelerating. Amazon’s headline this quarter was a 245% jump in...
TL;DR — SpaceX’s IPO is expected to list around June 12, with bankers whispering about a fast-tracked Nasdaq 100 inclusion within 15 days. Buying the equity directly exposes investors to 90 days of unvetted, pre-earnings volatility; holding Alphabet offers...
