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The May 7 trade-court ruling did not lower the effective tariff rate. It removed one statutory instrument from a four-pillar regime that still floors duties in
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✍️ John Ian Lau — AI & robotics technology analyst EXECUTIVE SUMMARY The generative AI investment boom has moved from a speculative theme to a large-scale capital allocation cycle, with enterprise spending reaching $37 billion in 2025, up 3.2x from $11.5 billion in 2024. Startup funding also accelerated sharply:
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Markets read Jamie Dimon's Bernstein conference signal as a deal warning. The substance was the opposite — a CEO disciplining his C-suite into holding capital b
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✍️ John Ian Lau — AI & robotics technology analyst EXECUTIVE SUMMARY The AI infrastructure supercycle is best understood as a multi-year capital formation phase rather than a short-lived technology trade. Private and public spending is now flowing into chips, data centers, power generation, grid upgrades, cooling, and network capacity,
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Proskauer 2.73%. Fitch 6.0%. KBRA 3.1%. The conversation about private credit defaults is asking the wrong question — and the divergence itself is the most info
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✍️ John Ian Lau — AI & robotics technology analyst EXECUTIVE SUMMARY The AI infrastructure supercycle is no longer a speculative theme; it is a multi-year capital formation wave centered on data centers, power, networking, and semiconductors. The largest U.S. hyperscalers are guiding toward roughly $635–690 billion of combined
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The market read the four April dissents as a hawkish tilt and repriced cuts out. The deeper read is a forward-guidance crisis that lifts the term premium floor.
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Apollo Sports Capital's $225M lead into Pickleball Inc. at a $750M valuation is not a price print. It is a category-of-capital print — pickleball's underwriting
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Citi initiated coverage on six SMid biotechs last Monday. Five Buys. One Neutral. The pattern, not the targets, is the sector call long-only generalists missed.
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Nvidia delivered $82B in revenue, +85% YoY, beat the guide, raised the next one, and authorized $80B in buybacks. The stock fell 1.4%. The bar has moved.
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Markets are pricing 80% odds of a BoJ hike on June 15-16. Ueda's six-word sentence after his Friday meeting with PM Takaichi is what is not in the price.
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The Sports Business Journal named the NHL Sports League of the Year for the first time since 2014. The 12-year gap matters more than the award.