Everyone is watching Nvidia. Then came the memory trade. Now another part of the AI infrastructure chain is starting to get attention: Networking. $Celestica(CLS)$   — sits in a part of the market that doesn’t get nearly as much attention as GPUs or HBM, but increasingly matters as AI data centres scale. The problem is simple: More AI = more data moving between servers. And eventually, computing power isn’t the only bottleneck. Bandwidth becomes the bottleneck. Fresh analyst coverage is highlighting this exact theme, with networking and optical hardware increasingly viewed as critical infrastructure for next-generation AI systems. Celestica is also being linked to programs involving Alphabet’s custom TPUs, OpenAI’s next-generation ch

$Meta Platforms, Inc.(META)$ gained 3.24% Tuesday, but the interesting part isn’t the daily move. What caught my attention is how much expectation is now being built into Meta’s AI strategy. The company is spending aggressively on data centres, computing power and AI talent while simultaneously trying to keep its core advertising machine growing. That’s a very different investment equation from a company simply adding an AI feature to an existing product. Meta has something valuable that many AI companies don’t: billions of users and a huge advertising business that can potentially benefit from better recommendation systems, targeting and engagement. The challenge is turning that advantage into returns that justify the enormous investment. If AI i

$Bloom Energy Corp(BE)$ just jumped 8.27% — but the bigger story may be what happens AFTER the GPUs arrive. Everyone has been focused on chips, servers and data centres. But there is another bottleneck becoming increasingly difficult to ignore: ⚡ Power. Bloom Energy is positioning its fuel-cell technology as an onsite power solution for AI data centres, helping operators avoid some of the delays involved in connecting massive new facilities to the traditional grid. And the timing is interesting. Bloom recently unveiled an 800V DC-native power architecture designed around next-generation AI infrastructure. The company says its system can reduce non-compute capital costs for a 1GW AI data centre by $3.6 billion, although those figures are Bloom’s own

This isn’t really a streaming story anymore. It’s a consolidation story. Paramount Skydance is moving ahead with its acquisition of Warner Bros. Discovery, with the company now seeking another $7.5B in debt financing as part of the deal. The combined company could carry roughly $80B of debt after closing.  And that’s where things get interesting. Warner Bros. Discovery brings together huge pieces of the entertainment ecosystem — Warner Bros., HBO, CNN, Discovery and Max. Paramount brings Paramount Pictures, CBS and its own streaming business. Put them together and suddenly one company controls a much larger collection of studios, TV networks, streaming platforms and content libraries. But bigger doesn’t automatically mean better. 💰 The debt is enormous. 🎬 The studios still have to produce

$Accenture PLC(ACN)$  is my Stock of the Day to watch after a surprisingly strong earnings reaction. The interesting part isn’t simply that earnings beat expectations. It’s what the results say about the debate around AI and the future of consulting and technology services. For a while, one of the big questions around companies like Accenture has been pretty straightforward: If AI can automate more work, won’t businesses eventually need fewer consultants and technology professionals? Yesterday’s results offered a different data point. Accenture reported Q4 revenue of $18.68 billion, above expectations, while adjusted EPS came in at $3.29. The company also reported $22.17 billion in quarterly bookings and a record $84.5 billion of bookings

This Broadcom–Anthropic deal caught my attention because it goes much further than a normal chip-supply agreement. $Broadcom(AVGO)$   has agreed to provide Anthropic with up to $42 billion in financing to help fund its infrastructure spending, according to Anthropic’s IPO filing. At the same time, Broadcom is involved in supplying the hardware and leasing equipment to Anthropic. And there is another important piece: Anthropic is expected to become Broadcom’s largest custom-chip customer in 2027. So Broadcom isn’t simply selling the picks and shovels for the AI buildout. It’s potentially helping finance the customer buying those picks and shovels. That’s a fascinating structure. Anthropic has committed to $125.2 billion of TPU comput

$CrowdStrike Holdings, Inc.(CRWD)$   — The Cybersecurity Dip Gets Interesting Cybersecurity has been one of the strongest themes in the market, but Friday brought a reminder that even leaders can get hit hard. $CRWD fell nearly 3% on September 25, while the broader market was pressured by elevated Treasury yields and oil prices.  What makes CrowdStrike interesting is the bigger trend rather than one day’s price action. Cyber threats aren’t going away. As companies add cloud infrastructure, AI systems and connected workloads, the amount of digital infrastructure that needs protection keeps expanding. The question for investors is whether cybersecurity spending can continue growing fast enough to justify premium valuations. Why I’m w

One of the biggest questions for investors right now is what happens if interest rates stay higher for longer than the market expects. When rates are high, the investment landscape changes. Cash and short-term fixed income suddenly offer meaningful yields, borrowing becomes more expensive, and highly valued growth stocks can face more pressure as investors reassess what future earnings are worth today. But higher rates don’t necessarily mean sitting on the sidelines. If I had $10,000 to invest today, I’d be thinking about balancing three things: income, quality and flexibility. 🇺🇸 U.S. stocks I would still want exposure to equities, but I’d be more selective. Companies with strong balance sheets, consistent cash flow and pricing power can be better positioned if financing costs remain elev

Thursday looked like a relief rally. The Fed hiked rates. Oil cooled. Treasury yields fell. Nasdaq jumped 1.69%. S&P 500 gained 1.14%.  Then Friday brought a reality check. The 10-year Treasury yield returned to around 5%, while oil remained above $100 a barrel. Stocks still finished higher, but gains were much more muted: S&P 500 +0.17% and Nasdaq +0.40%.  That creates an interesting battle: 📈 Stocks want lower yields Lower borrowing costs can support growth-stock valuations. 🛢️ Inflation keeps pushing the other way Oil above $100 keeps price pressures in focus. 🏦 And the Fed isn’t done being hawkish Markets were pricing roughly a 58% probability of another October hike by Friday.  So Thursday’s rally may not have answered the biggest question. It may have simply moved it forwa

Today, $SpaceX(SPCX)$  gets an interesting catalyst: its weighting in the Nasdaq-100 rises from about 1.28% to 2.82%, effective September 21.  Why does that matter? SpaceX already joined the Nasdaq-100 in July. The latest increase is largely about more shares becoming publicly tradable, which allows the index to give the company a weighting much closer to its enormous market value.  And the potential flow is significant. Analyst estimates put the additional passive buying associated with the rebalance at roughly $15.5B–$22B. That’s an estimate, not guaranteed buying, but it shows how large this index adjustment could be.  But here’s the part I find more interesting: 🚀 SpaceX 🛰️ Starlink 🌐 Global connectivity 🤖 AI infrastructure 📡 Sate