Año II · N.º 665 · 1.823 entradas martes, 27 de octubre de 2026 ES EN

Thesis Almanac

Sectores · 137 análisis · Último: 26 oct 2026

AI & Data Centers

▲ 54 Optimista ▼ 6 Pesimista · 77 Sin tono

Análisis, del más reciente al más antiguo

Substack · Simply Put by Ed Elson · Ed Elson

A Tale Of Two Bubbles

The AI bubble isn’t where you think it is

Pesimista1.631 pal.

Substack · 00 Frequency📡 · Jordi Guillamón

El margen cambió de manos

Ochocientos mil millones de capex, la cadena de valor de la inteligencia artificial capa por capa, y por qué el año lo pagó la memoria y no los modelos

GEVNVDAAVGOCRWVES3.140 pal.

Substack · Henrik Zeberg

THE REVOLUTION IS REAL. THE BUBBLE IS TOO.

Investors are rarely wrong about the future. They are wrong about the price, and about the timing. Four times in 200 years. AI is the fifth.

7.642 pal.

Institucional · Goldman Sachs Insights

Consumer Agents Signal New Phase for AI Growth

The rapid shift from AI experimentation to implementation was a surprising theme at the Goldman Sachs Communacopia Technology Conference.

Optimista1.622 pal.

Institucional · T. Rowe Price

How Can Investors Diversify Away From AI?

AI exposure is concentrated in parts of global equity markets, while U.S. small caps and developed-market value offer diversification.

Optimista2.476 pal.

Institucional · T. Rowe Price

How can investors diversify away from AI?

AI exposure is concentrated, while small caps and developed-market value may offer diversification.

Optimista2.519 pal.

Substack · Bull Street (The Wall Street Rollup) · High Yield Harry

The Week Ahead - September 7th

Anthropic's revised outlook and new AI model buzz

3.359 pal.

Substack · Coughlin Cap · Brian Coughlin

Another Big Week for China Tech

Baidu starts Tuesday, Alibaba reports Thursday, and we should learn quite a bit about China AI and e-commerce.

Internet & MediaBABAPDDBIDUKC1.758 pal.

Fondos · Baillie Gifford

AI infrastructure: what has changed?

Edinburgh Worldwide examines recent volatility in AI infrastructure and why the team continues to see a compelling long-term investment opportunity.

Telecom & InfrastructureMW2.103 pal.

Institucional · PIMCO · gregory hall, lotfi karoui

Lotfi Karoui on Private Credit and the AI CapEx Supercycle | PIMCO

From the pages of The Credit Market Lens to the Accrued Interest microphone, Lotfi Karoui joins host Greg Hall to explore why the focus on direct lending may be overshadowing the structural themes important to the…

Asset Managers & Exchanges8.408 pal.

Substack · The Valuation Framework

Can TVF Pop the AI Bubble?

A stress test of the financing cycle behind artificial intelligence.

Pesimista4.935 pal.

Fondos · Baillie Gifford

The room marked ‘AI’

Concentration, conviction and why emerging markets still offer more than one story.

2.098 pal.

Substack · The Valuation Framework

The AI Traffic Jam

The full AI cycle explained

5.673 pal.

Institucional · Goldman Sachs Insights

AI Agents Forecast to Boost Tech Cash Flow as Usage Soars

Demand for Agentic AI is poised to soar at the same time costs for hyperscalers are falling, setting the stage for improved gross margins and a fresh look at the sector’s sustainability.

Optimista2.110 pal.

Institucional · T. Rowe Price

The Long View: David Solomon, Chairman and CEO of Goldman Sachs

On the latest episode of The Angle from T. Rowe Price, David Solomon, Chairman and CEO of Goldman Sachs, joins The Long View to discuss leadership, artificial intelligence, markets, and the long-term forces shaping…

7.932 pal.

Substack · TuDi's F.L.O.W. INVESTING Method · TuDi

How to Stop Letting Promising Stocks Slip By

A starter-position strategy for long-term investors, and how I’m applying it to AI power and energy infrastructure stocks now.

Telecom & InfrastructureCEGVSTETN2.083 pal.

Institucional · T. Rowe Price

Is AI infrastructure spending sustainable?

AI infrastructure spending has boosted earnings expectations, but rising input costs and free cash flow pressure are testing sustainability.

OptimistaTelecom & Infrastructure2.358 pal.

Institucional · T. Rowe Price

Is AI infrastructure spending sustainable?

AI infrastructure spending has boosted earnings expectations, but rising input costs and free cash flow pressure are testing sustainability.

OptimistaTelecom & Infrastructure2.760 pal.

Institucional · Goldman Sachs Insights

Will the Corporate Investment in AI Pay Off?

While consumer AI adoption has been spectacular, most users rely on free versions. Successful enterprise adoption will be critical for AI economics to work, according to Goldman Sachs Research.

1.631 pal.

Fondos · Baillie Gifford

AI agents: why 2025 rewrote the AI timeline

AI agents are improving fast, raising demand for compute and strengthening the case for infrastructure holdings over pay-per-user software.

OptimistaSoftware & SaaSTelecom & InfrastructureARR3.915 pal.

Fondos · Baillie Gifford

AI agents: why 2025 rewrote the AI timeline

AI agents are improving fast, raising demand for compute and strengthening the case for infrastructure holdings over pay-per-user software.

OptimistaSoftware & SaaSTelecom & InfrastructureARR3.963 pal.

Institucional · Goldman Sachs Insights

US Stocks Are Forecast to Rise 6% in 2026

The US equity market is poised to reach new highs driven by strong earnings growth and massive AI investment, even as geopolitical risks and narrow market breadth warrant caution.

Optimista1.257 pal.

Substack · Capital & Cycles · Sandro Vergueiro

We Are NOT In A Bubble.

What the AI bears are getting wrong and the three risks that actually keep me up at night.

Pesimista1.935 pal.

Substack · FDW Capital

La infraestructura invisible del mundo que viene

IREN Limited no es una empresa de cripto. Tampoco es solo una empresa de IA. Es algo más difícil de categorizar, y por eso el mercado todavía no sabe bien cómo valuarla.

Telecom & InfrastructureIRENES2.213 pal.

Institucional · T. Rowe Price

AI Innovation: Which Inning Are We In?

Artificial intelligence is expected to unfold over decades, much like prior tech waves. Even if progress slows, years of product development, adoption, and monetization remain, with early traction in code generation…

1.514 pal.

Fondos · Baillie Gifford

AI-immunity: Beyond the HALO Trade

Explore AI-immunity: why market acronyms like the HALO trade oversimplify, and how bottom-up analysis finds enduring growth in Ensign and Knife River.

Optimista2.247 pal.

Institucional · T. Rowe Price

Has the AI arms race changed mega-cap tech?

In recent years, a small group of mega-cap tech companies has dominated U.S. equity markets. The AI arms race has changed the dynamics that drove that dominance.

Optimista2.098 pal.

Institucional · Goldman Sachs Insights

Could Value Stocks Benefit from the AI Rout?

A decline in software stocks has investors shifting their attention to once-neglected sectors with the physical assets required for mass AI adoption.

Optimista1.334 pal.

Institucional · T. Rowe Price

Revisiting asset allocation in an AI world

The AI boom has reshaped the stock market, leaving it concentrated in technology and higher-beta stocks. Active risk management is more important than ever.

3.724 pal.

Institucional · T. Rowe Price

Why the AI capex cycle is built to persist

The scale of artificial intelligence-related capex is one of the largest investment cycles in modern corporate history. Our analysis suggests that this cycle can continue for another two to three years before facing its…

Optimista2.183 pal.

Institucional · T. Rowe Price

Why the AI capex cycle is built to persist

The scale of artificial intelligence-related capex is one of the largest investment cycles in modern corporate history. Our analysis suggests that this cycle can continue for another two to three years before facing its…

Optimista2.474 pal.

Institucional · T. Rowe Price

Has the AI boom turned into a bubble?

Stocks seen as AI winners have soared recently. But rising valuations largely have been matched by equally strong earnings growth for the major players.

Optimista2.174 pal.

Institucional · T. Rowe Price

HYPErscalers: Is the AI boom dot-com redux?

Artificial intelligence capex is soaring, but the path to profitability is still not clear. Investors should stay alert to hype and potential overcapacity.

1.536 pal.

Institucional · T. Rowe Price

HYPErscalers: Is the AI boom dot-com redux?

Artificial intelligence capex is soaring, but the path to profitability is still not clear. Investors should stay alert to hype and potential overcapacity.

Pesimista1.858 pal.

Institucional · T. Rowe Price

HYPErscalers: Is the AI boom dot-com redux?

Artificial intelligence capex spending has reached astonishing levels, but the path to monetization remains unclear.

Pesimista1.863 pal.

Institucional · T. Rowe Price

Equity markets to broaden despite continued AI resilience

While AI continues to be a driving force, equity opportunities are expanding across sectors and regions as infrastructure, stimulus, and competition drive growth.

OptimistaTelecom & Infrastructure2.064 pal.

Institucional · T. Rowe Price

From hype to hard returns: AI enters a new phase

AI is delivering real-world gains, but huge investment and stretched valuations are putting pressure on firms to identify clearer paths to monetization.

2.039 pal.

Substack · Bristlemoon Capital

Framing the AI Bubble

Putting some numbers around the AI bubble narrative

5.449 pal.

Institucional · Morgan Stanley

The Bull Market’s Seventh Inning | Morgan Stanley

Discover how you can position your portfolio as the AI spending boom that has powered U.S. equity gains for years potentially enters its later phases.

OptimistaAMT2.700 pal.

Fondos · Baillie Gifford

AI in Emerging Markets

How Baillie Gifford's Emerging Markets team captures exposure to AI, through hardware, platforms and other companies using AI to leverage operations.

2.539 pal.