Ben Pouladian analyzes: I spent a day inside Nebius Inflection. The market is still pricing the wrong neocloud.

Ben Pouladian analyzes: Wolfspeed’s CFO gave me the SiC dollar-per-megawatt number sell-side models have not printed.

Ben Pouladian analyzes: Zero-Flap is Credo’s highest-ASP product, and a bet that reliability now caps how big an AI cluster can get. Reliability is the constraint.

Ben Pouladian analyzes: A clean beat-and-raise fell roughly 15 percent. The market repriced the quality of the beat, not the size: who the revenue comes from, and when the next leg arrives.

Ben Pouladian analyzes: The Edge Token Factory. RTX Spark moves the token factory from the datacenter to the desk, and kills the x86 default

Ben Pouladian analyzes: HBM did not solve memory bandwidth. It worked around it. The real bottleneck was never the memory, it is the chip edge. The bear case on HBM, and why I still would not bet against NVIDIA

Ben Pouladian analyzes: Marvell did not just beat a quarter. It steepened the data-center growth curve and widened AI connectivity demand across every axis at once.

Ben Pouladian analyzes: Phoronix just posted the best ARM CPU numbers ever measured. The market read a benchmark. The structural read is that the last major merchant socket inside NVIDIA’s AI rack just moved in-house.

Ben Pouladian presents “Is the SpaceX IPO the top? Six things to read first ” — deep-dive analysis from BEP Research covering AI infrastructure, semiconductors, and datacenter investment.

Ben Pouladian analyzes: Five lines posted Monday night. Four ratified. One refined. The reframe: The Five Lines Print. Plus Vera’s $200B TAM disclosure.