Silicon Valley’s Secondary Market Boom: The New Exit Strategy Reshaping Tech Wealth

Microsoft, Google and Amazon defended their buildout at climate meetings, with Google conceding data centers are politically hated on both left and right.

Index investors now hold a concentrated AI position, and the usual diversifiers are exposed to the same driver because AI capex supports half of GDP growth.

Alibaba announces Zhenwu V900 chip, 3x performance improvement, Q1 2027 production; 20+GW global data center capacity by 2032; Qwen 4/4.5/5 model roadmap unveiled at Apsara Conference.

Rising model costs are turning usage growth into a liability for AI application companies, threatening OpenAI and Anthropic revenue ahead of their IPOs.

The proposal names ten allied countries, excludes China, and explicitly rules out licences or mandatory prerelease review of models.

The chipmaker is buying into a SoftBank-backed data center provider with 8.8 gigawatts contracted, accepting no governance rights for a guaranteed discount.

Chip stocks rallied for a fifth session as Meta Muse AI Agent topped the App Store, shifting attention from GPUs to server CPU demand.

Three valuation paths justify $2tn-$10tn range; SpaceX $22.7tn AI TAM implies Anthropic worth $4.5tn; software SaaSpocalypse threat creates opportunity; commodity cognition risk threatens model pricing.

Bessent says talks will cover open and closed weight models, putting China open-weight distribution strategy at the centre of the first AI dialogue since 2023.

OpenAI's delayed listing threatens SB Energy IPO timing; Son's $60B OpenAI bet interlinked with data centre strategy; SB Energy needs $170B capex, has zero operational facilities.