OpenAI shipped GPT-5.6 this morning, and the flagship costs exactly what last generation's flagship cost — $5 in, $30 out, to the cent. The named rungs did not move; they just added a cheaper one below. Read off our own Token Price Index, here is what a frontier that never discounts is telling you.
The lazy take is that Nvidia is unbeatable. It is also half right. Nvidia the company is fine — but its share of the AI margin pool peaks the moment inference standardizes, and that moment is now. The rent is moving to custom silicon, and Broadcom is the ASIC winner hiding in plain sight.
CoreWeave fell 14% the day its biggest customer decided it wanted CoreWeave's job. The AI boom is not slowing — the rent is moving. Revenue is not rent, and the market has started telling them apart one selloff at a time.
Long-form research on the names and sectors we're tracking — the first reports are in the works.
| Symbol | Company | Catalyst | Price | Δ Day | Stance |
|---|---|---|---|---|---|
| NVDA | NVIDIA | Earnings · Aug 26 | 200.75 | +2.93% | ▲ LONG |
| AVGO | Broadcom | Earnings · Sep 2 | 389.28 | +0.37% | ◇ WATCH |
| MU | Micron | Earnings · Sep 21 | 823.03 | −5.90% | ▲ LONG |
| AMAT | Applied Materials | Earnings · Aug 13 | 507.67 | +1.18% | ◇ WATCH |
| LNZA | LanzaTech | Earnings · Aug 14 | 5.52 | +2.99% | ◇ WATCH |
| ASTS | AST SpaceMobile | Earnings · Aug 17 | 58.98 | +0.92% | ◇ WATCH |