Category: Equities
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Nvidia H200 China Exports Begin: Trivial Volumes, a Major Policy Turn
H200 shipments to China have begun, and almost none have shipped. Inside the $10bn licence stack, the two-million-chip order overhang, the Blackwell loophole, and what the market actually bought.
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SK Hynix’s Nasdaq Listing: A $26.5 Billion Record and the Korea Discount Test
SK Hynix raised $26.5 billion in the largest first-time US share sale by a foreign company, debuting 13% up. Why the order book, the Korea discount and the aftermarket now matter to the whole AI trade.
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TSMC Q2 2026 Earnings: The Bill for Proving the AI Build-Out Is Real
Khan Capitals | July 2026 Key Takeaways Part of: The AI Infrastructure Supercycle – Khan Capital’s hub on the AI infrastructure build-out. A Quarter That Beat Its Own Ceiling There is a particular kind of quarterly result that tells you less about the company reporting it than about the industry standing behind it. The TSMC…
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Wall Street’s Record Quarter: Why Goldman Soared and Citi Fell on the Same Day
Goldman Sachs had the best quarter in its history and JPMorgan the largest profit ever made by an American bank. Citi beat by 16 per cent and fell. What the market was actually pricing on 14 July, and why much of this quarter does not repeat.
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IBM’s Worst Day on Record: The 3.7% Miss That Cost $68 Billion
IBM missed revenue by 3.7 per cent and lost a quarter of its value, the worst day in its listed history. Operating earnings grew, margins expanded, and the mainframe is running at 130 per cent of its best ever programme. What the market actually repriced.
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Samsung Q2 Earnings: The ₩89 Trillion Quarter the Market Sold
Samsung guided to a record ₩89.4 trillion quarter, out-earning Nvidia and Apple, and fell 7 per cent. Why the AI trade now sells record beats, and what decides whether the memory supercycle holds.
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Meta’s AI Cloud Pivot: The Week the Supply Premise Cracked
Meta is building a cloud business to sell excess AI compute, and OpenAI just halved inference costs. Why the semiconductor complex suffered its sharpest two-day fall since March 2025, and what survives the shift from scarcity to utilisation.
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Alphabet Joins the Dow: What the Verizon Swap Really Signals
Khan Capitals | July 2026 Key Takeaways A 130-Year-Old Index Bows to Big Tech When Alphabet joins the Dow, it is tempting to treat the event as ceremonial, a line in a benchmark that few funds track directly. That reading understates it. The Dow Jones Industrial Average is the oldest and most widely quoted equity…
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The AI Memory Price Shock: Apple and Microsoft Pass the Cost On
Khan Capitals | July 2026 Key Takeaways Part of: The AI Infrastructure Supercycle – Khan Capital’s hub on the AI infrastructure build-out. The First Consumer Bill for the AI Build-Out For most of the artificial intelligence boom, the costs have been abstract to the ordinary buyer. They appeared in the capital expenditure lines of hyperscalers,…
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Micron’s Record Quarter and the AI Memory Supercycle
Khan Capitals | June 2026 Key Takeaways Part of: The AI Infrastructure Supercycle – Khan Capital’s hub on the AI infrastructure build-out. A Quarter Without Precedent in Memory Memory has always been the least loved corner of the semiconductor industry. It is the part of the business that booms and busts on a roughly two-year…