Markets

We cover one industry — the AI-infrastructure economy, end to end. The silicon and memory that train the models; the data centers, power, and networking that run them; the software and robotics that put them to work. One chain, from compute to cash flow, followed all the way down.

What's out is everything else. No consumer fads, no defense, no coverage for coverage's sake. A company earns a place on this map only if it sits somewhere on the arc we're studying — and stays there only as long as it still matters to the thesis.

Coverage here is not a logo on a list. Every name below has a dossier built from primary filings and read in full, plus a freshness state that turns stale the moment a new 10-K, 10-Q, or 8-K lands. Fresh means the dossier reflects the latest filing; stale means the work is queued for a refresh, not that we've stopped watching.