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Research

Deep research on the technologies reshaping the world, and the companies behind them. Written for technologists and investors making sense of the biggest industrial shift in a generation. AI infrastructure, chips, memory, energy, networking, robotics, quantum, and space.

21 reports — filtered

CRWV NBIS IREN
Earnings Intelligence Jun 8, 2026

Neoclouds Q1 2026: How CRWV, NBIS, and IREN Are Racing to 12 Gigawatts

All three AI cloud providers report zero idle capacity and rising prices. The binding constraint is no longer customer demand but the physical speed of building and commissioning …

CRWVNBISIREN
MSFT GOOGL META AMZN
Earnings Intelligence Jun 8, 2026

Hyperscaler AI CapEx: $620B and Still Climbing

Five of the world's largest technology companies reported in the same week of April 2026, collectively disclosing or guiding toward more than $620 billion in 2026 capital expendit…

MSFTGOOGLMETAAMZN
TSLA NVDA ISRG ABB
Earnings Intelligence Apr 20, 2026

Robots, Real and Promised: A Cross-Earnings Intelligence Report on Physical AI

Four companies at four different stages of physical AI maturity: one with 30 years of proof, one booking $6B in infrastructure revenue, one converting a car factory for humanoids,…

TSLANVDAISRGABB
JPM BAC C WFC
Earnings Intelligence Apr 19, 2026

Credit Quality & the Consumer: Resilient Today, Nervous About Tomorrow

All four major U.S. banks reported benign Q1 2026 consumer credit metrics — but each flagged the second half as the real test, with energy prices, a bifurcating consumer, and a sh…

JPMBACCWFC
JPM GS BAC MS
Earnings Intelligence Apr 19, 2026

Q1 2026: What Bank CEOs Are Saying About Iran, Oil & Recession Risk

All four major U.S. banks reported record or near-record Q1 FY2026 results while naming the Iran-Hormuz conflict as the primary macro variable — a geopolitical crisis that has sim…

JPMGSBACMS
LLY MRNA RXRX EXAI
Earnings Intelligence Apr 16, 2026

Biotech x AI: The First Clinical POC and What Comes Next

Across four companies spanning Big Pharma to pure-play AI biotech, the Q4 2025/early 2026 earnings cycle marks a genuine inflection: the sector now has its first confirmed AI-enab…

LLYMRNARXRXEXAI
META GOOGL TTD SNAP
Earnings Intelligence Apr 16, 2026

AI & Advertising: The Intelligence Stack Is the New Moat

Across four Q4 FY2025 earnings calls, a unified signal emerges: AI has ceased to be a performance layer on top of traditional advertising and is now the substrate of the entire st…

METAGOOGLTTDSNAP
AMZN MSFT GOOGL
Earnings Intelligence Apr 15, 2026

The AI Flywheel: Cloud Reacceleration at Scale

AWS, Azure, and Google Cloud all posted accelerating growth in Q4 2025 — simultaneously and across meaningfully different bases — with each management team signaling that AI deman…

AMZNMSFTGOOGL
ASML TSM INTC AMKR
Earnings Intelligence Apr 14, 2026

EUV & Advanced Packaging: The Infrastructure Race That Will Define AI

Across four earnings calls in January–February 2026, executives at ASML, TSMC, Intel, and Amkor drew a strikingly unified picture: AI has validated its demand, capacity is the bin…

ASMLTSMINTCAMKR
ANET AVGO MRVL NVDA
Earnings Intelligence Apr 13, 2026

Networking at Scale: The Race to Wire the AI Megacluster

Four companies are collectively building the most expensive network ever constructed. Their earnings calls tell a coherent but tension-filled story: Ethernet is winning scale-out,…

ANETAVGOMRVLNVDA
CEG NEE VST DLR
Earnings Intelligence Apr 13, 2026

Grid Buildout & Utility Response: The Race to Power AI

Four companies at the center of America's power supercycle -- nuclear operators, utilities, and data center landlords -- are all signaling the same structural shift: hyperscaler d…

CEGNEEVSTDLR
CEG VST OKLO NNE
Earnings Intelligence Apr 11, 2026

Nuclear Renaissance for AI: The Gap Between Today's PPAs and Tomorrow's Reactors

Across four earnings calls, a two-phase story emerges: existing nuclear is already being repriced and contracted for AI demand, while the SMR and microreactor wave that meets the …

CEGVSTOKLONNE
PLTR LMT RTX RKLB
Earnings Intelligence Apr 11, 2026

The Defense Stack Rebuild: AI, Missiles, and Space at Full Speed

Palantir, Lockheed Martin, RTX, and Rocket Lab collectively describe a defense modernization playing out simultaneously at three layers -- AI at the command layer, record munition…

PLTRLMTRTXRKLB
RKLB ASTS LUNR RDW
Earnings Intelligence Apr 11, 2026

Commercial Space Race: Government Is the Rocket Fuel

Reading RKLB, ASTS, LUNR, and RDW Q4 FY2025 calls together reveals a sector pivoting from commercial disruption narratives to Pentagon dependency, while SpaceX dominates launch ca…

RKLBASTSLUNRRDW
VRT CEG DLR EQIX
Earnings Intelligence Apr 10, 2026

Power Is the Product: Data Center Power & Cooling Q4 FY2025 Cross-Earnings Report

From nuclear PPAs to liquid cooling fluid networks, Vertiv, Constellation, Digital Realty, and Equinix collectively reveal that power availability has replaced location as the def…

VRTCEGDLREQIX
MU NVDA AMD
Earnings Intelligence Apr 9, 2026

HBM4 & the AI Memory Chokepoint: What MU, NVDA, and AMD Execs Are Saying

Micron's HBM4 volume shipments for NVIDIA Vera Rubin confirm AI memory has crossed from commodity to strategic asset, while AMD's leap to HBM4E in 2027 and MU's 50–67% fulfillment…

MUNVDAAMD
MSFT CRM NOW SNOW
Earnings Intelligence Apr 8, 2026

Enterprise AI Spending: Where the Budgets Are Actually Going

We analyzed earnings calls for seven enterprise software companies in Q4 2025 spanning the full AI stack. Reading them together reveals a hierarchy no single call discloses: three…

MSFTCRMNOWSNOW
CRWD PANW ZS
Earnings Intelligence Apr 6, 2026

Cybersecurity in the AI Era: What CrowdStrike, Palo Alto, and Zscaler Are Telling Investors

We analyzed the latest earnings calls from CrowdStrike, Palo Alto Networks, and Zscaler to see what executives are actually saying about AI-driven threats, enterprise spending, an…

CRWDPANWZS
CRWV NBIS IREN
Earnings Intelligence Apr 5, 2026

Neocloud Power Race: Gigawatt Ambitions, Billion-Dollar Bets

CoreWeave, Nebius, and IREN each reported selling out all available capacity — but the real competition is being fought in capital markets, where three divergent financing strateg…

CRWVNBISIREN
NVDA MSFT GOOGL AMZN
Earnings Intelligence Apr 4, 2026

Mag-7 AI CapEx: $700B and Counting

Six of seven Magnificent-7 companies are accelerating AI infrastructure investment at an unprecedented pace, with aggregate 2026 CapEx guidance from the top hyperscalers approachi…

NVDAMSFTGOOGLAMZN
The Power Delivery GapReport
Research

The Power Delivery Gap

The interconnection queue holds more than 1,100 GW of power. The grid delivers renewables quickly and firm gas slowly, if at all. A model of what the US grid can actually deliver, and when, built on MLQ's queue and generator data.

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