Latent EquityResearch
Deep dives on Substack, research threads on X, and The Latent Equity Brief on YouTube.
Substack deep dives
- Oct 19, 2026 · SubstackAI Capex vs the 2000 Telecom BuildIn 2000, traffic boomed and revenue didn’t. In 2026, the revenue is showing up, but capex is running ahead.
- Oct 17, 2026 · SubstackThe AI build is still growing. Power is where it's pinching.This is the first AI Build Monitor, a one-page read we’ll publish every week.
- Oct 13, 2026 · SubstackIs the AI spending gap closing?Capex vs cloud revenue at $AMZN, $MSFT and $GOOGL. Not yet, on the reported numbers.
- Oct 12, 2026 · SubstackNEAR Protocol ($NEAR): The Checkout Counter ProblemNEAR Intents is earning real swap revenue. Here's how little of it reaches the token, and why the bar rises with the price.
- Oct 11, 2026 · SubstackAbout Latent Equity: what we coverIndependent research on how AI is reshaping the economy and markets.
- Oct 10, 2026 · SubstackWhy Latent Equity, and how we keep scoreThe AI build, in plain English, with every call on the record.
Research threads on X
Shorter, chart-led threads on the same themes, posted on weekdays.
The Latent Equity Brief
A weekly research video: the week's question, the consensus, our view, and what would change our mind.
Get the research by email
Deep dives and the weekly Brief, free on Substack. Unsubscribe any time.