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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.

47 reports — filtered

Company Spotlight STM May 9, 2026

STMicroelectronics: Emerging from the Trough with AI, Satellites, and Silicon Carbide

After two years of sharp revenue contraction, STM's Q1 2026 results and a multibillion-dollar AWS deal signal a recovery built on three structural growth engines that did not exis…

Company Spotlight ON May 5, 2026

onsemi: Cyclical Recovery Meets Structural Transformation in Power Semiconductors

After a two-year revenue decline from an $8.3B peak, onsemi posted its first year-over-year quarterly growth in three years in Q1 2026, as AI data center power demand, a 900V EV a…

Company Spotlight META May 1, 2026

Meta Platforms: Advertising Giant Betting Its Future on AI Infrastructure

With 3.56 billion daily users, a rapidly accelerating ad business, and a $125–$145 billion capex commitment in 2026 alone, Meta is deploying its cash machine to fund the most ambi…

Company Spotlight QCOM Apr 25, 2026

Qualcomm: Snapdragon Dominance, the Apple Modem Exit, and a $22B Diversification Bet

The world's leading mobile chipmaker is navigating a structural Apple modem transition and DRAM-driven near-term headwinds while building a targeted $22B automotive and edge AI re…

Company Spotlight MRVL Apr 25, 2026

Marvell Technology: Engineering the Backbone of the AI Data Center

From a storage and networking chip supplier to a full-stack AI infrastructure platform, Marvell has repositioned through disciplined M&A and custom silicon wins with every major U…

Company Spotlight VRT Apr 25, 2026

Vertiv Holdings: The Physical Layer of the AI Infrastructure Build-Out

As hyperscalers race to deploy AI compute at unprecedented density, Vertiv supplies the power, cooling, and management infrastructure that makes it physically possible — a positio…

Company Spotlight NEE Apr 25, 2026

NextEra Energy: America's Default Energy Infrastructure Builder in the Age of Unlimited Demand

As AI-driven electricity demand reshapes the U.S. power market, NextEra sits at the intersection of a regulated Florida growth engine and the largest contracted renewables develop…

Company Spotlight AMAT Apr 25, 2026

Applied Materials: The Materials Engineering Engine Behind the AI Chip Buildout

Applied Materials holds No. 1 process equipment share in leading-edge logic, DRAM, and advanced packaging — the three segments management identifies as the fastest-growing areas o…

Company Spotlight POET Apr 25, 2026

POET Technologies: Betting on Photons in the AI Data Center Arms Race

With $430M in cash, 53 employees, and $1.07M in annual revenue, POET is making a large wager that its Optical Interposer platform can become the wafer-level integration layer powe…

Company Spotlight ONDS Apr 24, 2026

Ondas Inc: From Rail Wireless to Multi-Domain Defense - A $5 Billion Pivot in Progress

Once a niche railroad communications supplier, Ondas has spent $1.8 billion since mid-2025 assembling a portfolio of counter-drone, autonomous ground, and stratospheric ISR system…

Company Spotlight OUST Apr 18, 2026

Ouster: Building the Sensing and Perception Stack for Physical AI

After twelve consecutive quarters of product revenue growth and a $169M FY2025, Ouster is pivoting from digital lidar hardware maker to full-stack Physical AI platform — but the p…

Company Spotlight VRT Apr 17, 2026

Vertiv Holdings: The Power and Cooling Infrastructure Behind the AI Data Center Buildout

From a SPAC listing with negative free cash flow in 2022 to a $115.9B market cap company carrying a $15B order backlog, Vertiv has become the critical infrastructure supplier at t…

Company Spotlight AEHR Apr 16, 2026

Aehr Test Systems: The Burn-in Specialist Focused on AI Reliability Infrastructure

With a record $41 million order from a lead hyperscale AI customer and second-half FY2026 bookings surpassing $92 million, Aehr Test is pivoting from a silicon carbide niche playe…

Company Spotlight AAOI Apr 16, 2026

Applied Optoelectronics: Two Revenue Engines, One Buildout for AI Capacity

A vertically integrated optical transceiver maker riding AI-driven data center spending and a CATV spectrum upgrade cycle, with management targeting a revenue doubling to over $1 …

Company Spotlight BE Apr 15, 2026

Bloom Energy: Solid-Oxide Fuel Cells at the Center of the AI Power Crisis

With Oracle expanding to 2.8 GW and a $20B backlog, Bloom Energy's two-decade technology bet has collided with AI infrastructure's most pressing constraint: power, fast.

Company Spotlight SNDK Apr 15, 2026

Sandisk: The Pure-Play NAND Insurgent at the Center of the AI Storage Supercycle

Spun out of Western Digital in February 2025, Sandisk is executing a rapid margin expansion as AI-driven data center demand pushes NAND pricing to multi-year highs and the company…

Company Spotlight MSFT Apr 14, 2026

Microsoft: Full Stack AI Infrastructure at the Center of the Enterprise Stack

Azure is growing at 39-40% in constant currency while demand visibly outpaces supply. The question is whether $30B+/quarter in capital expenditure converts into durable margin exp…

Company Spotlight CRDO Apr 13, 2026

Credo Technology: The Copper Backbone of AI Infrastructure and the Optical Ambition Beyond It

From a niche SerDes IP company to the de facto connectivity standard for the world's largest AI clusters, Credo has grown revenue more than 6x in two years — and is now expanding …

Company Spotlight SOLS Apr 13, 2026

Solstice Advanced Materials: Specialty Chemistry at the Intersection of Nuclear, AI Chips, and Next-Generation Refrigerants

Spun out of Honeywell in October 2025, Solstice carries a 130-year specialty materials legacy into three converging secular tailwinds: a nuclear renaissance, an AI-driven semicond…

Company Spotlight ARM Apr 12, 2026

Arm Holdings: Royalty Rate Inflection, Architecture Leverage, and the AI Data Center Shift

As Armv9 and Compute Subsystems push per-chip royalty rates structurally higher, Arm's Neoverse platform is capturing approximately half of new hyperscaler server deployments — a …

Company Spotlight INTC Apr 12, 2026

Intel: The American Foundry Pivot - Navigating 18A, Market Share Attrition, and the AI Inflection

A company attempting to rebuild its process technology leadership from within, while simultaneously defending its CPU franchise from AMD and fighting for relevance in AI accelerat…

Company Spotlight TSM Apr 12, 2026

TSMC: The Indispensable Foundry at the Center of the AI Infrastructure Build-Out

With 3nm capacity fully committed, 2nm entering high-volume manufacturing, and CoWoS packaging constrained through 2027, TSMC sits at the physical chokepoint of the global AI acce…

Company Spotlight NVDA Apr 9, 2026

NVIDIA: The AI Infrastructure Stack at Full Throttle

With $215.9B in FY2026 revenue, a Vera Rubin GPU platform entering production, and Q1 FY2027 guided to $78B, NVIDIA is navigating the transition from Blackwell dominance to the ne…

Company Spotlight ASML Apr 8, 2026

ASML: The Sole Architect of Advanced Chip Manufacturing

The world's only manufacturer of EUV lithography systems posted record FY2025 revenue of EUR 32.7 billion and a record EUR 38.8 billion backlog, even as bipartisan U.S. legislatio…

Company Spotlight AMD Apr 3, 2026

AMD: EPYC Dominance, Instinct Inference, and the Long War Against CUDA

AMD closed FY2025 with record revenue of $34.6B (+34% YoY), a surging EPYC server CPU franchise, and an AI GPU business generating $16.6B in data center revenue — yet the gap to N…

Company Spotlight MU Apr 2, 2026

Micron Technology: Memory's AI-Era Transformation and the HBM4 Supercycle

From a $5.8B net loss in FY2023 to a $33.5B quarterly revenue guide — Micron is executing an HBM-driven margin expansion that is reshaping the economics of semiconductor memory.

Company Spotlight ARM Mar 26, 2026

Arm: The Licensing Giant Ships Its First Chip

After three decades of licensing chip designs, Arm bets on its own silicon as AI reshapes the semiconductor industry.

Company Spotlight LITE Mar 24, 2026

Lumentum Holdings

How a dot-com-era photonics spinoff became the laser engine behind every major AI data center buildout.

Company Spotlight ASTS Mar 23, 2026

AST SpaceMobile

The audacious bet that your existing smartphone can connect to a satellite — no special hardware required.

Company Spotlight NBIS Mar 13, 2026

Nebius Group

Building the picks-and-shovels layer for the AI revolution — at hyperscaler scale, with founder-led focus.

Company Spotlight CRWV Mar 10, 2026

CoreWeave

A former cryptocurrency mining operation turned GPU cloud provider, now running one of the largest AI infrastructure platforms outside the hyperscalers.

Company Spotlight IONQ Mar 10, 2026

IonQ

First public quantum company to $100M in revenue — and the race to fault-tolerant quantum computing.

Company Spotlight PLTR Dec 1, 2025

Palantir Technologies

Decoding the $400B operational AI platform built on government contracts and now expanding aggressively into commercial enterprise.

Company Spotlight RKLB Nov 12, 2025

Rocket Lab (RKLB): An Emerging Full-Stack Space Company

Rocket Lab (RKLB) has evolved from a small-rocket startup into a full-stack space company spanning launch, satellite manufacturing, and spacecraft components—positioning itself as…

Company Spotlight LMND Nov 8, 2025

Lemonade (LMND): An Overview of AI-Powered Insurtech

Deep dive into Lemonade (LMND) and its AI-based insurance, product mix, growth, risks, and valuation.

Company Spotlight IONQ Nov 2, 2025

IonQ: The Leader in Trapped-Ion Quantum Computing

Deep dive into IonQ, the leading trapped-ion quantum computing company - its tech, partnerships, growth, risks, and investment considerations.

Company Spotlight TEM Sep 18, 2025

Tempus AI (TEM): At the Crossroads of Diagnostics and Data

In this deep dive, we’ll look at Tempus’s growth, partnerships, valuation, and product pipeline to understand whether the company is at an inflection point, and if investors are t…

Company Spotlight ABCL Aug 22, 2025

AbCellera (ABCL): Many Shots on Goal in Antibody Discovery

In this deep dive, we explore whether AbCellera (ABCL) is just another biotech story or an asymmetric setup — a platform with many shots on goal and the backing to prove it.

Company Spotlight NBIS Aug 15, 2025

Nebius Q2 2025: ARR Rises 73% QoQ, Why We're Still Buying

Nebius delivered a breakout Q2 2025: ARR jumped 73% QoQ to $430M, revenue more than doubled sequentially, and the core AI infrastructure business turned positive on Adjusted EBITD…

Company Spotlight OKLO Aug 6, 2025

Oklo: Building Nuclear Power for AI Energy Demand

Oklo is developing advanced nuclear microreactors to supply clean, reliable power for AI infrastructure and remote facilities. Backed by Sam Altman, the company aims to commercial…

Company Spotlight CRWV Jul 30, 2025

CoreWeave (CRWV): Understanding The Business of AI Infrastructure

CoreWeave is one of the fastest-growing AI infrastructure companies, powering OpenAI and Microsoft with large-scale GPU cloud. This deep dive breaks down how the business works, i…

Company Spotlight OSCR Jul 11, 2025

Oscar Health (OSCR): The Making of an AI-Powered Insurtech Giant

Oscar is evolving from an insurtech underdog into a profitable “full-stack” health insurance platform with a growing member base and improving margins – positioned to compound gro…

Company Spotlight IREN Jul 9, 2025

IREN Deep Dive: Profitable Bitcoin Mining Powering AI Infrastructure

IREN is a Bitcoin miner funding its own pivot into AI infrastructure. With 2.75 GW of power already secured and buildouts underway, the stock may be priced like a miner — but it’s…

Company Spotlight AMD Jul 3, 2025

AMD: The Next $1 Trillion AI Giant Set to Dominate Inference

In this deep dive, we explore the thesis that AMD is set to dominate the AI inference market.

Company Spotlight HIMS Jun 15, 2025

Hims & Hers Deep Dive: Building a Consumer Health Flywheel

A deep dive on Hims & Hers: 2.4M+ subscribers, strong margins, and the kind of long-term upside you get when network effects, retention, and vertical integration start to compound.

Company Spotlight NBIS May 29, 2025

MLQ.ai Initiates Coverage: Nebius Group (NBIS)

Nebius Group (NASDAQ: NBIS) is building one of the fastest-growing AI infrastructure platforms in the public market—scaling toward $1B ARR, holding $5.8B in assets, and still trad…

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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