2026-02-26
Nice one. This is a brilliant distinction. Just because AI can improve itself (recursive self-improvement) doesn't mean the economy can absorb it at the same lightning speed. And if you can produce more goods at lower cost, society as a whole gets wealthier.
Citadel Securities
Citadel rebuts Citrini's viral article, arguing that AI deployment is constrained by the marginal cost of compute vs. human labor, and needs far more compute
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2026-01-11
As we discussed, surging AI demand from $NVDA, $AMD, and $AVGO has fundamentally shifted the foundry power dynamic. I believe $AAPL's importance and pricing leverage over $TSM will continue to diminish in the foreseeable future. As Vera Rubin ramps up on 3nm in 2026, Apple's share of that node will decrease drastically. This trend extends to the 2nm generation, where Apple will face immediate competition for capacity from $QCOM and AMD, rather than enjoying its traditional oneyear lead. The torch has been passed.
SemiAnalysis
A detailed look at the Apple-TSMC relationship: Apple's annual spend at TSMC rose 12x, from $2B in 2014 to $24B in 2025, and once made up 25% of TSMC's revenue
Wafer Demand Model, Node Economics, and the shifting power dynamics as AI reshapes the foundry landscape