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ABBX gauge after Q2’26: pressure is up. Not in the red.

AI infrastructure

The AI Bubble That Isn’t — Yet: What the Completed Q2’26 Data Reveals

10 min · 30 Aug 2026

Q2’26 ABBX is complete. Parts of the AI market are hot, but the ecosystem is not yet a broad bubble: ROIC still exceeds funding costs, multiples remain below May, and demand is still broadening. The real heat is off-balance-sheet financing, not headline debt.

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Cerebras Is a Taxi. NVIDIA Runs the Bus Network (Pt1.)

Cerebras Is a Taxi. NVIDIA Runs the Bus Network (Pt1.)

Cerebras can generate tokens at extraordinary speed for a handful of users, but NVIDIA’s GPU architecture delivers superior economics at scale. This report explains why the fastest AI inference system does not necessarily make the best mass-market token factory — or the better investment.

14 min read 25 Aug 2026

Tower Semiconductor - Powering AI From Orbit (Pt.5)

10 min read 16 Jun 2026

Tower Semiconductor - Powering AI From Orbit (Pt.5)

Tower's SiGe BiCMOS + SiPho platform on 300mm wafers eliminates GFS's sole advantage, delivers 30% lower power than InP at 1/3 the cost with 85%+ yields, and cements TSEM as the dominant SiPh foundry for both hyperscale AI and Space DC deployments.

Convequity's AI Bubble Barometer

9 min read 14 Jun 2026

Convequity's AI Bubble Barometer

Convequity’s AI Bubble Barometer shows AI valuations easing further this week while commercial demand for compute remains strong. Productive usage is still concentrated among developers, but is expected to broaden significantly as models improve and costs decline.