Brief: Demand Eats Share

Super Brief: The Supply That Wasn't There — Super Brief

The Supply That Wasn't There. Two stories this week are one reclassification. Anthropic accused Alibaba of running 28.8 million fraudulent queries against Claude in a coordinated distillation campaign, then sent a letter to the US Senate asking for government help against a specific foreign actor's model-theft operation, the fir

Brief: The Supply That Wasn't There

The Nasdaq posted its fifth consecutive losing session as South Korea's KOSPI triggered its fifth circuit breaker of the year, oil unwound the entire war premium that took three months to build, and an FDA panel voted 9-0 for the first mRNA flu vaccine. OpenAI unveiled its first custom chip, Anthrop

Brief: Apple Just Told You Who Pays for AI

Apple raised prices on every Mac and iPad it sells, citing memory costs that have surged sharply in a single quarter, and the stock fell 6 percent. PCE inflation landed at its highest level since April 2023. Google's DeepMind research lab lost a Nobel laureate and three other researchers to rivals i

Super Brief: Apple Just Told You Who Pays for AI — Super Brief

Apple Just Told You Who Pays for AI. Three of today's stories are one mechanism wearing three faces. The Fed's preferred inflation gauge reaccelerated, core PCE hitting 3.4 percent, the highest since October 2023, and the rate market now puts a September hike at 73 percent, up from 29 percent a week ago. Underneath that print, a second

Brief: Record Demand, Record Doubt

Micron just printed $41.5 billion in quarterly revenue and an 84.9% gross margin, and the market it proved is the same one that just took gold below $4,000 for the first time since November and repriced a September rate hike from impossible to probable in seven sessions. The demand and the doubt arr