After markets closed, Broadcom – the seventh-largest company in the world by market cap – posted what it described as “record revenue, record operating profit, and record free cash flow.” And then its stock fell 14%. That reaction says more about investor psychology in the current AI market than it does about Broadcom’s business. Understanding the gap between those two things is one of the most important skills an investor can develop right now.
Read MoreA new record was created on Wall Street last week. Not by a technology company, chipmaker or an AI startup. Instead, it came from the power industry.
Read MoreAlmost every AI conversation eventually gets to the models – ChatGPT, Gemini, Claude, Grok. That’s where the public attention goes. That’s what gets the headlines.
But behind every one of those models is a layer of infrastructure that most investors never think about: the networks that move the data, the pipes connecting the processors, and the teams cleaning and labelling the training data that makes the intelligence possible in the first place.
These are the picks-and-shovels of the AI gold rush. And right now, three companies operating in this space are posting numbers that are genuinely hard to ignore.
“Can China and the United States overcome the so-called Thucydides Trap and create a new paradigm of major-country relations?”
That question is not neutral. It is not diplomatic small talk. It is a frame. And once you understand the frame, the entire relationship, and everything that comes out of Beijing this week looks very different.
Recently the United Arab Emirates (UAE) did something that would have seemed almost unthinkable a year ago. After 59 years of membership – since Abu Dhabi joined the cartel in 1967 – the UAE announced it is leaving OPEC, effective May 1.
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