TSMC — The AI Foundry Monopoly
The only company every AI roadmap runs through. Monopoly pricing power intact, N2 ramp ahead of schedule — and the market still prices it like a cyclical.
ITC — When a Tax Shock Crosses Into Value
The GST-restructure sell-off, priced cigarette by cigarette. Where the fear is overdone, where it isn't, and the level at which the stock becomes an accumulate.
Zepto IPO — The DRHP, Actually Read
A line-by-line read of the draft prospectus: dark-store unit economics, the quick-commerce endgame, and a probability-weighted payoff for the listing.
The Jeff Quarterly — India Desk
Three verdicts in one sitting: Maruti's export re-rating, IEX after the coupling shock, and ITC before the tax news broke.
Credo — A Physics-to-Decision Deep-Dive
From SerDes physics to position sizing: why the AI-interconnect bottleneck runs through Credo's silicon, and what the moat is actually worth.
Lam Research — Fully Priced Excellence
The best-positioned wafer-fab-equipment franchise of the AI inflection — and why being right about the business isn't the same as being right about the stock.