2026.32: Earnings and Learnings

The best Stratechery content from the week of August 3, 2026, including earnings exposure, OpenAI's answer to Apple, and all about LeBron in Philly. | Continue reading


@stratechery.com | 8 hours ago

Google Earnings, The Frontier Case, Amazon Earnings

Google's earnings seemed to confirm the Anthropic hedge; it was Andy Jassy who explained why their — and Amazon's — capex was justifiable. | Continue reading


@stratechery.com | 2 days ago

Microsoft Earnings, Microsoft vs. Meta, The Efficiency Payoff

Microsoft's earnings were compelling because they showed a clarity of strategy, lower costs, and a tangibility of application. The reason why is scarier. | Continue reading


@stratechery.com | 3 days ago

Meta Earnings, Meta’s Timing Problems, The Financial Tail

Meta's earnings were a bit disappointing; future promises about AI products were more disconcerting. | Continue reading


@stratechery.com | 4 days ago

Vacation: Week of July 27

Stratechery is on vacation the week of July 27. There will be no Weekly Article or Updates. The next Update will be on Monday, August 3. Sharp Tech, and Greatest of All Talk  will also return the week of August 3. Sharp China and Asianometry will continue to publish, and there wi … | Continue reading


@stratechery.com | 11 days ago

2026.30: The Copium Wars

The best Stratechery content from the week of July 20, 2026 including Chinese models and frontier futures, what happened to Hugging Face, and the NBA and its second apron bet. | Continue reading


@stratechery.com | 14 days ago

OpenAI Hacks Hugging Face, What Happened, Alignment and Paper Clips

OpenAI accidentally hacked Hugging Face, but the takeaways are more encouraging than people realize. | Continue reading


@stratechery.com | 16 days ago

Netflix Earnings, Is Netflix Washed?, Additional Notes

Netflix's earnings were fine, and befitting a mature company whose most exciting days are likely behind them. | Continue reading


@stratechery.com | 17 days ago

Who’s Afraid of Chinese Models?

Everyone is worried about Chinese models, but the frontier labs will be fine; we need to enable open U.S. alternatives. | Continue reading


@stratechery.com | 18 days ago

2026.29: Mainframes and Main Characters

The best Stratechery content from the week of July 13, 2026, including the end of the mainframe, the continuing adventures of OpenAI, and answering the question, "Is Netflix Washed?". | Continue reading


@stratechery.com | 21 days ago

IBM Misses, IBM’s Mainframe Moat, IBM’s Many AI Problems

IBM announced preliminary results that spooked the software market generally; this is a story, however, specifically about IBM and its mainframe franchise. | Continue reading


@stratechery.com | 23 days ago

The OpenAI Super App, ChatGPT = Codex, Whither Chat

OpenAI has refashioned Codex as the new ChatGPT; is the company abandoning the chat category they pioneered? | Continue reading


@stratechery.com | 24 days ago

Apple Sues OpenAI, Apple’s Real Problem

Apple is suing AI for stealing trade secrets; there is one guilty employee, but this mostly feels like lashing out. | Continue reading


@stratechery.com | 25 days ago

2026.28: XBOX On the Rocks

The best Stratechery content from the week of July 6, 2026, including a word from Mark Zuckerberg*, pulling the plug on XBOX, and toilet talk. | Continue reading


@stratechery.com | 28 days ago

Muse Image, Grok 4.5, Alex Karp on CNBC

The batter for verifiable data is increasingly defining the AI race, from Meta to Grok to the frontier labs. | Continue reading


@stratechery.com | 29 days ago

XBOX Cuts; Bundling and the Internet Solvent; Transaction, Coordination, and Sunk Costs

Microsoft's Xbox division is conducting big layoffs, as the company deals with abject failure of its Game Pass strategy. | Continue reading


@stratechery.com | 1 month ago

A Script for Mark Zuckerberg

A script for what Mark Zuckerberg should say on Meta's next earnings call. | Continue reading


@stratechery.com | 1 month ago

Summer Break: Week of June 29

Stratechery is on summer break the week of June 29. There will be no Weekly Article or Updates. The next Update will be on Monday, July 6. Dithering, Sharp Tech, and Sharp China will also return the week of July 6. Greatest of All Talk and Asianometry will continue to publish. Th … | Continue reading


@stratechery.com | 1 month ago

2026.26: Summer Vibes

The best Stratechery content from the week of June 22, 2026, including a vibe coding adventure, Apple in Europe, and a midsummer mailbag. | Continue reading


@stratechery.com | 1 month ago

An Interview with Figma CEO Dylan Field About Design and AI

An interview with Figma CEO Dylan Field about building Figma, and why he believes AI gives the company a tailwind. | Continue reading


@stratechery.com | 1 month ago

My Vibe Coding Adventure, The App and the Experience, Ten Takeaways

My experience and reflections on vibe coding an app that I plan on actually using regularly. | Continue reading


@stratechery.com | 1 month ago

Memory Chips and China, Microsoft and Chinese Models

The big three memory makers may come to regret opening up the door to Chinese memory makers; Microsoft, meanwhile, is very incentivized to use Chinese models. | Continue reading


@stratechery.com | 1 month ago

Apple Price Increases, Apple Intelligence and the E.U.

Apple is (finally) raising prices, but they're not shipping Siri AI to the E.U. | Continue reading


@stratechery.com | 1 month ago

2026.25: The Stuff of Myth(os)

The best Stratechery content from the week of June 15, 2026, including Anthropic, e-commerce in the age of AI, and the NBA Finals being a perfect 10. | Continue reading


@stratechery.com | 1 month ago

An Interview with Michael Morton About E-Commerce in the Age of AI

An interview with Michael Morton about e-commerce and AI, including the challenges of unfalsifiable bear cases, distribution versus referal models, grocery, and autonomous vehicles. | Continue reading


@stratechery.com | 1 month ago

The State of Fable, The Jailbreak Problem, SpaceX Acquires Cursor

The administration is very likely wrong about Fable, but that is ultimately Anthropic's responsibility. | Continue reading


@stratechery.com | 1 month ago

Fox Buys Roku, The Problem With Fox’s Smart Strategy, Streaming That Works

The market hates Fox's acquisition of Roku, but the company is trading extraction from rights holders for leverage as a renter. | Continue reading


@stratechery.com | 1 month ago

Anthropic’s Safety Superpower

Anthropic's belief in its own commitment to safety gives the company license to aggressively favor its business and even challenge the U.S. government. | Continue reading


@stratechery.com | 1 month ago

2026.24: Hey Siri, Tell Me a Fable

The best Stratechery content from the week of June 8, 2026, including Apple finally shipping Intelligence, Anthropic's fable, and the future of European industry. | Continue reading


@stratechery.com | 1 month ago

An Interview with Ben Bajarin About Apple, AI, and Compute

An interview with Ben Bajarin about WWDC and the status of the AI compute industry. | Continue reading


@stratechery.com | 1 month ago

Fable 5, Anthropic Alignment, AI Tiers

Fable 5 is the public version of Mythos, and while it is very capable it sets some troubling new precedents. | Continue reading


@stratechery.com | 1 month ago

The iPhone’s Last Stand

Siri isn't state of the art, but as long as it works — and it appears it does — it's good enough for the consumer market. | Continue reading


@stratechery.com | 1 month ago

Google Buys Compute From SpaceX, Broadcom’s Outlook, Apple’s AI Politics

Google's deal with SpaceX, and Broadcom's earnings, both seem bullish for Nvidia. Then, what I'm looking for at WWDC. | Continue reading


@stratechery.com | 2 months ago

2026.23: Power Shifts

The best Stratechery content from the week of June 1, 2026, including Google and Microsoft, YouTubers taking over Hollywood, and a guide to the NBA Finals. | Continue reading


@stratechery.com | 2 months ago

An Interview with Microsoft CEO Satya Nadella About Finding Core Competencies

An interview with Microsoft CEO Satya Nadella about figuring out Microsoft's role in AI, the relationship with OpenAI, Capex, Software, and a potential new agentic platform. | Continue reading


@stratechery.com | 2 months ago

The Nvidia AI PC, Project Solara, Microsoft AI

The Nvidia AI PC feels like a relic of another AI era; Microsoft's vision for devices at Build was much more compelling. | Continue reading


@stratechery.com | 2 months ago

The Google Capital Company

Google has issued equity to Berkshire Hathaway in a deal that signals far more demand and a future where capital is the ultimate commodity. | Continue reading


@stratechery.com | 2 months ago

YouTubers Win the Box Office, Goodbye Gatekeepers, The YouTube Bar

YouTubers are ruling the box office, and it shouldn't be a surprise: succeeding on YouTube is a much higher bar than the gates that currently govern Hollywood. | Continue reading


@stratechery.com | 2 months ago

2026.22: Luceing Their Mind

The best Stratechery content from the week of May 25, 2026, including why everyone hates Luce, how to monetize AI answers, and social mobility in China. | Continue reading


@stratechery.com | 2 months ago

An Interview with Eric Seufert About Models and Ads, and AI’s Upside for Humanity

An Interview with Eric Seufert about building models for generative AI, why Meta's foundational models are so important, and why understanding advertising leads to optimism about humanity's future. | Continue reading


@stratechery.com | 2 months ago

The SpaceX IPO and Data Centers in Space

There isn't a financial model that justifies the SpaceX IPO, but data centers in space are plausible, and that might be enough. | Continue reading


@stratechery.com | 2 months ago

Nvidia Earnings, The AI Stack, Nvidia’s New Reporting

Nvidia is changing its reporting to delineate between hyperscaler sales — where Nvidia is fighting commoditization — and everyone else, where Nvidia runs the whole stack. | Continue reading


@stratechery.com | 2 months ago

2026.21: The Data Center Veto

The best Stratechery content from the week of May 18, 2026, including data center discontent, agent economics, and slime mold. | Continue reading


@stratechery.com | 2 months ago

An Interview with Parallel Founder Parag Agarwal About Valuing Content on the Agentic Web

An interview with Parallel founder Parag Agarwal about valuing content and incentivizing its creation in a world of agents (plus questions about Twitter). | Continue reading


@stratechery.com | 2 months ago

Google I/O, World Models, I/O Spaghetti

Google I/O put AI everywhere, for better and for worse. Meanwhile, is DeepMind aligned with Google's business objectives? | Continue reading


@stratechery.com | 2 months ago

Personal Day

Personal Day — No Update | Continue reading


@stratechery.com | 2 months ago

Data Center Discontent, Understanding the Opposition, Fixing the Problem

There are understandable reasons for people to oppose data centers; the only solution that will work is simply paying them off. | Continue reading


@stratechery.com | 2 months ago

2026.20: Shifting Alliances in a Changing World

The best Stratechery content from the week of May 11, 2026, including a new kind of computing, Elon Musk, and 360 degrees of US-China relations. | Continue reading


@stratechery.com | 2 months ago