The best Stratechery content from the week of January 26, 2026, including tech’s looming chip problem, what Meta is doing and why, and disappearing PLA generals and “De-Risking”.

Meta is up, despite massive CapEx plans. The company is turning every dial to drive revenue, because Mark Zuckerberg thinks winning in AI is existential.

An interview with Kalshi co-founder and CEO Tarek Mansour about the value of prediction markets. With Stratechery Plus you get access to the subscriber-only Stratechery Update and Stratechery ...

Intel’s earnings were disappointing because the company is missing a huge opportunity by virtue of selling off its capacity.

If hyperscalers and chip companies don’t build up a TSMC competitor they are set to forego billions of dollars in revenue and ...

The best Stratechery content from the week of January 19, 2025, including Netflix questions, what TSMC means to AI, and some basketball ...

TSMC admitted that it has invested too little in the face of overwhelming demand for AI; that’s why the industry needs to ...

Warner Bros. started with distribution. Just after the turn of the century, Harry, Albert, Sam, and Jack Warner bought a second-hand projector and started showing short films in Ohio and Pennsylvania ...