Ai-Infrastructure

Product exposure, process-control exposure, and the physical bottlenecks behind the AI capex wave AI Infrastructure Notes | Part 3 Sinclair Huang A reader recently left a comment on my ABF substrate piece that stayed with me. His point was simple: CoWoS and HBM get most of the attention, but substrate materials often sit below the level where many equity models even begin. I think that observation captures a broader problem in AI infrastructure analysis. ...

Everyone Is Betting on AI — But Almost No One Asks: Where Are You Standing?The AI boom is real. The harder question is where value, risk, and leverage accumulate inside the stack. Position matters more than opinion. Over the past few weeks, I have been thinking about AI through a different question: Why can the same AI cycle feel so powerful in markets, yet so uncertain in daily life? My own view is more optimistic than pessimistic. ...