Citrini Research

All Along the AI Watchtower

Qualcomm’s Card, the Builder’s Toolkit, Enterprise Spending, and… PEMDAS

Jul 20 • Citrini Semis

321

5

11

June 2026

Small Themes: June 2026

Five Big Trades in AI’s Blind Spot

Jun 24 • Citrini

393

9

15

Macro Memo: Spin Cycle

What Comes Out In The Warsh?

Jun 14 • Citrini

413

2

22

State of the Themes: June 2026

Updating Our Thematic Universe

Jun 8 • Citrini

469

7

38

May 2026

Semis Memo: Supply Chain Inheritance

Power & Analog Semis, CPUs in the Agentic Era, Neoclouds, Material Bottlenecks, Korea Unlocked

May 12 • Citrini

558

11

41

April 2026

Flash Note: Defense Production Act

The Continued Intersection of Fiscal and AI

Apr 27 • Citrini

377

6

7

Strait of Hormuz: A Citrini Field Trip

Analyst #3 on Assignment

Apr 5 • Citrini

1,585

37

178

March 2026

Agentic Utilities

Always On, Never Prompted

Mar 25 • Citrini

475

14

36

Let There Be Light

Revisiting the Optics & AI Connectivity Theme

Mar 12 • Citrini

413

15

32

February 2026

THE 2028 GLOBAL INTELLIGENCE CRISIS

A Thought Exercise in Financial History, from the Future

Feb 22 • Citrini and Alap Shah

9,359

90

1,893

Thematic Update: Modern Warfare

Directed Energy Weapons, Subsea Drones & Arctic Defense

Feb 18 • Citrini

165

8

20

Atoms vs Bits

What can’t you prompt your way out of?

Feb 11 • Citrini

286

16

27