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The Private Credit Withdrawal Spiral: How Forced Liquidations Could Cascade Through Alternative Assets

Private credit has grown rapidly over the past decade as institutional investors searched for higher yields outside traditional public markets. Pension funds, insurers, endowments, and wealth managers allocated substantial capital to the sector.

Nitish Kishor | 18 June 2026

The Real Cost of AI: Why Goldman's $770 Billion Warning Deserves More Attention Than Markets Are Giving It

The artificial intelligence investment cycle has become one of the largest capital deployment programmes in technology history. Major cloud providers and platform companies are spending aggressively on data centres, networking equipment, and advanced processors to secure a leading position in the AI economy.

Nitish Kishor | 18 June 2026

The SpaceX Valuation Paradox: When a Company Becomes Too Big for Its Own Investment Thesis

SpaceX has transformed the economics of space launches, built one of the world's largest satellite internet networks, and expanded into adjacent technology markets. Few companies have combined operational innovation and commercial ambition as successfully.

Nitish Kishor | 18 June 2026

The GTA 6 Economics: Why Take-Two's Coming Revenue Cycle Will Reshape the Entertainment Industry

The release of a major entertainment product usually creates a sharp burst of revenue followed by a gradual decline. Grand Theft Auto has repeatedly shown a different pattern.

Nitish Kishor | 18 June 2026

The Musk Option Exercise at Tesla Raises Fundamental Questions About CEO Equity Alignment

Executive equity compensation is designed around a simple principle. Management should benefit when shareholders benefit.

Nitish Kishor | 18 June 2026

Consolidation at the Top: How SpaceX, CoreWeave, and Nebius Are Redefining AI Infrastructure Ownership

Artificial intelligence has created unprecedented demand for computing power. Meeting that demand requires enormous investments in data centres, networking systems, power infrastructure, and advanced processors.

Nitish Kishor | 18 June 2026

CUDA's Moat Is Deeper Than the Hardware: Why Nvidia's Real Advantage Is Software, Not Silicon

Much of the debate surrounding Nvidia focuses on hardware performance. Investors regularly compare processing speeds, energy efficiency, and manufacturing roadmaps when assessing competitive threats from custom silicon providers and rival chipmakers.

Nitish Kishor | 18 June 2026

How the AI Infrastructure Spending Cycle Could Produce a Capital Allocation Recession for Big Tech

The race to dominate artificial intelligence has triggered one of the largest capital expenditure cycles in corporate history. Technology giants are investing aggressively in data centres, networking infrastructure, power capacity, and advanced processors to secure future leadership in AI.

Nitish Kishor | 18 June 2026

How the Warsh Fed's Silence on Rates Creates a New Era of Bond Market Volatility

The Federal Reserve's communication strategy has become almost as important to financial markets as interest rate decisions themselves. For years, investors relied on policy projections, economic forecasts, and forward guidance to estimate where borrowing costs were likely to move.

Nitish Kishor | 18 June 2026

How US-China Technology Decoupling Is Accelerating Quietly Beneath the Iran Deal Headlines

The Iran ceasefire has dominated market attention because of its immediate effect on oil prices, inflation expectations, and risk appetite. Yet a quieter and potentially more durable shift is taking place across the technology sector.

Nitish Kishor | 18 June 2026
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