UncoverAlpha

Meta's AI Infrastructure: Mispriced, Misread, and Massive

I analyzed how big is Meta’s AI data center footprint and how much revenue & profit it could generate. I also shared what moves could change sentiment…

Aug 30 • UncoverAlpha

26

2

Nvidia and the Hyperscalers High Stakes Poker Game

The relationship between Nvidia and the big hyperscalers Amazon, Google, and Microsoft was once very clear and friendly, where one was a supplier and…

Aug 13 • UncoverAlpha

37

3

Amazon, Google, Microsoft, Meta Q2 earnings: The AI CapEx ROIC is bad thesis is DEAD

For more than a year, the number one pushback I hear from investors on big tech is that the CapEx is out of control, and the returns won’t be there…

Aug 3 • UncoverAlpha

29

3

1

July 2026

Q2 2026 Channel Checks & Alternative Data: Cloud, Ad Tech and Software

I covered the cloud hyperscalers and what I see from aggregating multiple alt providers, and share some of my views on the upcoming earnings. In this…

Jul 17 • UncoverAlpha

22

June 2026

Why Token Optimization Is a Gift to the Hyperscalers

The shift away from always-buy-the-best-model is, on its surface, bearish for the AI labs and looks like it should compress the whole stack. But it is…

Jun 29 • UncoverAlpha

106

4

15

Memory per Token Optimizations. Where are we, and how much more room do we have?

Software optimization techniques for lowering HBM usage and give my estimates on how much of that optimization is already captured, how much reduction…

Jun 11 • UncoverAlpha

19

2

1

Most of the Economy Won't Run on the Best Model

It’s a thesis about where the money in AI actually goes once we transition to scaled-up AI workloads and how that might look different from today’s…

Jun 4 • UncoverAlpha

45

14

6

May 2026

The Harness: The Moat for AI Model Providers?

The real moat that the frontier labs are building right now is not the model. It is the harness around the model and the cost of serving the model.

May 22 • UncoverAlpha

33

2

2

The Market Is Pricing Meta Like It's the AI Loser. Big Mistake.

In this article, I want to walk through why I think the market is making one of its bigger mistakes of this cycle with Meta. The stock is down roughly…

May 11 • UncoverAlpha

36

1

April 2026

Amazon, Google, Microsoft, Meta Q1 earnings: AI profits are here, custom silicon is winning

I argued that the market was wrong to punish big tech for raising CapEx because the returns on the 2023-2024 spend were already showing up in the P&L…

Apr 30 • UncoverAlpha

57

3

Q1 2026 Channel Checks & Alternative Data: Cloud is on Fire

For this report, I covered cloud providers Google, Microsoft, and Amazon in terms of their cloud business, and some insightful signals on Microsoft…

Apr 24 • UncoverAlpha

19

1

Left for Dead on AI, Meta and Amazon Are About to Have the Last Laugh

I break down some significant fundamental shifts when it comes to AI efforts from Amazon and Meta, and why I think both are the next two big AI…

Apr 17 • UncoverAlpha

26

1