Research Series Note: We are spending the next several reports on the AI monetization question from three angles. Today’s note focuses on what customer evidence is telling us about AI ROI. Thursday’s report will look at how we see the AI platform war evolving as value capture moves from models to workflows, data, and control points.…

Apple delivered a record March quarter, with revenue of $111.2B, up 17% YoY, and diluted EPS of $2.01, up 22% YoY. The quarter was strong enough to beat consensus on both revenue and EPS, but the call’s center of gravity was not the beat. It was the shape of demand, the Mac supply bottleneck, and the increasing margin pressure…

Motorola is holding its latest launch event in Los Angeles this week, and. The new razr 70 family expands the flip phone lineup, the motorola edge 70 pro arrives as a slim, design-forward device with a quad-camera system and a 6500mAh battery, and Collections by Motorola gets its formal introduction as the brand’s overarching design…

After completing AI growth thesis reports on Amazon and Google, both of which held up very well in light of both companies’ earnings reports yesterday, we now turn our attention to Microsoft. The AWS Acceleration Thesis: Why Amazon’s Cloud Business May Be Entering Its Most Consequential Growth Phase Ben Bajarin · Feb 17 Read full…

Coming out of discussions at Google Cloud Next last week, we expect custom AI silicon to move back toward the center of the AI infrastructure debate. The spend trajectory across hyperscalers, dedicated infrastructure operators, and frontier model labs continues to support our view that custom silicon remains a key component of the buildout. The next…

Google’s Workspace Intelligence announcement this week is being covered as a feature drop. The more accurate read is that it is a strategic argument, one that Google and Microsoft are both making simultaneously, about where AI value ultimately concentrates in an enterprise setting. The argument is this: the model matters less than the context, and…