FOMC Sends a Dovish Signal Despite the Expectation of a Hawkish Message
By Christopher Combs, Chief Investment Officer Silicon Valley Capital Partners December 10, 2025 Executive Summary — Five Takeaways The Fed cut rates by 25 bps and paired the move with a tone that was noticeably more accommodating than what markets expected heading into the meeting. The Committee upgraded its growth outlook and lowered its inflation […]
Oracle is a Compelling Opportunity: Mispriced Scale, Misunderstood Leverage, and a Strategic Backdoor to the AI Super-Cycle
By Christopher Combs, AI Assisted Chief Investment Officer Silicon Valley Capital Partners December 2025 Executive Summary Oracle is pivoting from legacy enterprise software to a leading position in the global AI infrastructure boom. It has amassed a massive backlog of cloud/AI commitments — reported at US$455 billion as of Q1 FY2026, with management suggesting pro‑forma […]
THE TRANSITION FROM 3 NM TO 2 NM: YIELDS, PERFORMANCE, AND THE NEW ERA OF AI-DRIVEN SEMICONDUCTOR DEMAND
THE TRANSITION FROM 3 NM TO 2 NM: YIELDS, PERFORMANCE, AND THE NEW ERA OF AI-DRIVEN SEMICONDUCTOR DEMAND By Christopher Combs, AI Assisted Chief Investment Officer Silicon Valley Capital Partners December 2025 EXECUTIVE SUMMARY The move from 3 nm (N3) to 2 nm (N2) marks the most consequential advancement in modern semiconductor history. TSMC and […]
The biggest refresh cycle in history is coming – The Underappreciated Leap From 3 Nanometers to 2 Nanometers: Why the Market Is Missing the Next Foundational Shift in Semiconductor Performance and Yield
By Christopher Combs, AI Assisted Chief Investment Officer Silicon Valley Capital Partners December 2025 Executive Summary We are not in an AI bubble, we are at the beginning of the biggest refresh cycle the world has ever known. The transition from 3 nm to 2 nm semiconductor manufacturing is widely viewed as a normal cadence event […]
AI Implementation Is Significant and Will Force a Stand-Up Across Global Enterprises — Those Who Don’t Invest Will Fall Behind
By Christopher Combs, AI Assisted Chief Investment Officer Silicon Valley Capital Partners Executive Summary Artificial intelligence is now exerting measurable influence on the U.S. labor market, enterprise spending patterns, and monetary policy. The latest MIT “Iceberg Index” confirms that 11.7% of American jobs are already exposed to tasks that current AI systems can perform, representing […]
3rd Quarter Earnings Season in Review and Earnings Season 2026 Expectations: Three Conclusions
By Chris Combs, Silicon Valley Capital Partners The third quarter of 2025 delivered a mixed but clarifying message for U.S. large-cap equities: the era of effortless mega-cap outperformance has temporarily eased, while the broader corporate landscape has quietly strengthened. With all seven companies in the so-called “Magnificent 7” now having reported, investors finally have a […]
Important Earnings Season Observations
By Christopher Combs, Silicon Valley Capital Partners — October 31, 2025 The Q3 2025 earnings season is delivering a wealth of data, and I believe there are eight particularly important observations that deserve attention. These insights matter not only for how markets are digesting results today, but also for how portfolios should be positioned going […]
Former Azure Lead on Microsoft Earnings
Silicon Valley Capital Partners October 30, 2025 The below link in an interview by Bloomberg with Sheila Gulati, the Founder and Managing Director of Tola Capital, an enterprise software and AI-focused venture firm. Prior to founding Tola in 2010, she spent over a decade at Microsoft Corporation, where she led enterprise IT strategy and was […]
Executive Summary of Recent Articles Explaining CAP-X Spending Boom.
By Chris Combs Chief investment strategist Silicon Valley Capital Partners. 1. “Meta Spending to Soar on AI, Massive Data Center” Wall Street Journal Meta plans to increase its capital expenditures in 2025 to $60–$65 billion, up markedly (~70%) over 2024. The increase is being driven largely by investments in new data centers and AI […]
Services PMIs and the Late Business Cycle Expansion
by Christopher Combs Silicon Valley Capital Partners 09/05/2025 Services PMIs have bottomed and are now expanding, marking a pivotal shift in the global economy. This turning point underscores both opportunity—through stronger earnings and output—and risk, as inflationary pressures mount and policy options narrow. Figure 1: Services PMIs in the Eurozone, United Kingdom, and United States […]