Scenic Route Investing by Wagner Road
Andrew WagnerInvestment stories inspired by taking the long way around. A Wagner Road Capital Management publication.
| Platform |  | Pricing | Only free issues | Publishes | Weekly |
|---|---|---|---|---|---|
| Issues | 37 | Subscribers | Read | wagnerroadcm.substack.com |
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Latest Issues
Recent posts by this newsletter. Browse the email archive.
Investing in AI Infrastructure (Part 2: The Contractors)
When we talk about data centers built for the AI boom, there are a few different ways to approach it. In Part 1, I mentioned the 5 hyperscalers that are paying for data centers. But there are also 5 companies involved with building the data...
2026 First Quarter Recap
The first quarter was the start of several multi-part series.
A Timelapse of the Tech Sector (Part 1 Continued: The Personal Computer Revolution)
Catch up if you missed the beginning of Part 1!
Investing in AI Infrastructure (Part 1: The Big Picture)
The “big five” hyperscalers — Amazon, Alphabet, Microsoft, Meta, and Oracle — are expected to spend more than $600 billion on capital expenditures this year, 36% more than last year (and about 3 times more than what was spent in 2022!).
Authors
The writers behind this newsletter.
Author of The Economics of Online Gaming. Founder & CIO of Wagner Road Capital Management. I write about economics and investing, but nothing I write is investment advice.
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