Weekly Intelligence
Weekly Briefing
Weekly briefs covering the companies being tracked within the Agency Era bottleneck thesis. Each memo maps the signals featured back to the broader thesis showing how it evolves over time.
Weekly briefings live here, with longer-form narrative synthesis collected at the monthly and quarterly level as the system matures.
Middlegame Weekly - May 3, 2026
AI infrastructure crossed further into the industrial economy this week: power procurement, nuclear offtake, memory allocation, grid equipment, classified defense access, and critical minerals all became part of the same capacity race. The winning position is shifting toward companies that can turn scarce physical inputs into dependable compute.
2026
Middlegame Weekly - Apr 26, 2026
The week’s real signal was that AI capex kept pushing upstream into the physical economy: power, cooling, networking, fuel, metals, and interconnects all started to look less like support functions and more like the assets setting price and pace.
2026
Middlegame Weekly - Apr 20, 2026
The week’s AI story kept moving down the stack. What began as a compute buildout is hardening into a race for power, grid equipment, fabrication capacity, financing, and upstream materials, with the real edge shifting toward the players who can turn demand into live industrial capacity.
2026