Although The Diligence Stack is still new as a public research product, Qualcomm is not new coverage for us. Creative Strategies has followed the company for roughly 26 years, and we have long believed the data center opportunity represented the next logical extension of Qualcomm’s engineering capabilities. Two pieces of history are worth remembering before…

I have a habit when I review gaming hardware: I use the review as an excuse to finally play something I have been putting off. The RTX 5090 was my excuse to play Alan Wake 2, and I loved that game. The MSI Claw 8 EX AI+ became my excuse to restart Marvel’s Spider-Man 2,…

We call what has happened in the semiconductor industry the GPU Tsunami. The GPU + AI was the initial shockwave and the chart below is the visual of the aftershock. Historical semiconductor cycles, which were usually tied to PCs, handsets, memory, or industrial and automotive demand at kept the industry at steady but slow growth.…

The web’s transaction model was designed for humans. You visit a page, see an ad, click a link, or buy something. Every monetization mechanism built over the past three decades, advertising, subscriptions, paywalls, affiliate revenue, assumes a person made a choice. That assumption is breaking. At AWS Summit New York this week, Amazon made the…

This is the third note in our AI infrastructure series, and it builds on the first two. Report 1, “Confidential AI,” framed confidential computing as the permission and pricing layer for AI infrastructure — what decides which sensitive, regulated, and sovereign tokens can run inside an approved trust boundary, and why the relevant metric shifts…

Companion note. This report is the supply-and-capacity half of a two-part research program. It sizes how much AI server hardware gets built and who owns it. The companion note, “Confidential AI: The Permission Layer for Enterprise and Sovereign Infrastructure” (June 2026), takes the demand-conversion half, namely whether the regulated and sovereign share of that capacity is…