CrossVol Research · Xuất bản 2026-05-23
Why the sell side is six months late on the China AI cycle.
A buy-side note expanded into book form. The thesis: the sell side has under-priced four vectors of the China AI cycle, in this order: SHFE deepening of compute-linked commodity contracts, DeepSeek-class model commoditisation pressure on US frontier margins, regional power grid bottlenecks shifting datacenter siting, and CDS divergence between hyperscalers and mid-tier cloud providers. The book dates each vector and offers a calendar of catalysts running through 2027.
Đối tượng độc giả. For derivatives strategists, equity research analysts, and cross-asset macro PMs.