Drowning in financial noise since 2020.
| Platform |  | Pricing | Freemium | Publishes | Daily |
|---|---|---|---|---|---|
| Issues | 30 | Founded | 3 months ago | Last Issue | 19 days ago |
| Active | |||||
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neuwelt.substack.comLatest Issues
IREN: The Power Utility Wearing a Tech Costume
IREN is a landlord. Its product is electrons, and it happens to sit on roughly 2,910 megawatts of grid-connected, permitted power capacity in Texas and British Columbia at a moment when nobody else can get any.
That’s the whole thesis. Eve...
Gold's March Selloff Wasn't a Failure.
Morgan Stanley wrote one.
Their take: monetary policy now drives gold more than geopolitics. Oil up, inflation expectations up, rate-cut hopes down, gold down. They forecast $5,200 by year-end once the Fed cuts.
Neuwelt is a reader-suppor...
GE Vernova: The AI Power Trade Got Crowded
“Atoms vs. bits” stopped being an original thesis. Every desk, every thematic ETF, every podcast guest pitches the same idea. GEV became the cleanest match: AI needs power, GEV makes power equipment, ticker exists, done.
Neuwelt is a reade...
Amazon doesn't sell you stuff. Amazon is a landlord.
Amazon Isn’t a Retailer Anymore.
AWS did $128.7 billion in 2025 at 35% operating margins. Advertising cleared $21 billion, growing 22%, with incremental margins north of 50%. Then there’s the rent Amazon charges the millions of third-par...
ASML's Real Bottleneck Isn't Machines. It's Megawatts & Zeiss.
Everyone knows the ASML story. One company on the planet builds the extreme ultraviolet lithography machines that print every leading-edge AI chip. Sixty machines planned for 2026. Eighty for 2027. A backlog stretching to the horizon. A cus...
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Drowning in financial noise since 2020.
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