Recent articles
February 20, 2026
2026.08: Losing in the Attention Economy
The best Stratechery content from the week of February 16, 2026, including asking what happened to video games, the NBA being a mess, for now, and Shopify and the future of e-commerce.
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February 19, 2026
An Interview with Matthew Ball About Gaming and the Fight for Attention
An interview with Matthew Ball about the state of the video gaming industry in 2026, and why everything is a fight for attention.
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February 18, 2026
Shopify Earnings, Shopify’s AI Advantages
Shopify is poised to be one of the biggest winners from AI; it would behoove investors to actually understand the businesses they are selling.
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February 17, 2026
Thin Is In
Thick clients were the dominant form of device throughout the PC and mobile era; in an AI world, however, thin clients make much more sense.
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February 13, 2026
2026.07: Aggregators and AI
The best Stratechery content from the week of February 9, 2026, including individualization at scale, CapEx explosions and distinctions, and the interviewer becoming the interviewee.
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February 12, 2026
An Interview with Ben Thompson by John Collison on the Cheeky Pint Podcast
An interview with me by John Collison on the Cheeky Pint podcast about AI, ads, and the history of Stratechery.
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February 11, 2026
Spotify Earnings, Individualized Networks, AI and Aggregation
Spotify's nature as a content network means that AI is a sustaining technology, particularly because they have the right business model in place.
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February 10, 2026
Amazon Earnings, CapEx Concerns, Commodity AI
Amazon's massive CapEx increase makes me much more nervous than Google's, but it is understandable.
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February 9, 2026
Google Earnings, Google Cloud Crushes, Search Advertising and LLMs
Google announced a massive increase in CapEx that blew away expectations; the companies earnings results explain why the increase is justified.
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February 6, 2026
2026.06: SaaSmageddon and the Super Bowl
The best Stratechery content from the week of February 2, 2025, including the future of software, SaaSmageddon and Super Bowl ads, and madness in basketball and football.
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February 5, 2026
An Interview with Benedict Evans About AI and Software
An interview with Benedict Evans about the crisis facing software, the future of the corporation, OpenAI, and the struggle to define the LLM paradigm.
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February 4, 2026
Apple Earnings, Supply Chain Speculation, China and Industrial Design
Apple's earnings could have been higher but the company couldn't get enough chips; then, once again a new design meant higher sales in China.
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February 3, 2026
Microsoft and Software Survival
Microsoft got hammered on Wall Street for capacity allocation decisions that were the right ones: the software that wins will use AI to usurp other software.
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February 2, 2026
Personal Day — Sick
Personal Day — Sick
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January 30, 2026
2026.05: The Chip Fly in the AI Ointment
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".
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January 29, 2026
Meta Earnings, Turning Dials, Zuckerberg’s Motivation
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.
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January 28, 2026
An Interview with Kalshi CEO Tarek Monsour About Prediction Markets
An interview with Kalshi co-founder and CEO Tarek Monsour about the value of prediction markets.
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January 27, 2026
Intel Earnings, The Agentic Opportunity, Intel’s Mistaken Pessimism
Intel's earnings were disappointing because the company is missing a huge opportunity by virtue of selling off its capacity.
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January 26, 2026
TSMC Risk
If hyperscalers and chip companies don't build up a TSMC competitor they are set to forego billions of dollars in revenue and stunt the AI revolution.
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January 23, 2026
2026.04: Netflix, Luka, and Life in La La Land
The best Stratechery content from the week of January 19, 2025, including Netflix questions, what TSMC means to AI, and some basketball
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January 22, 2026
An Interview with Netflix co-CEO Greg Peters About Engagement and Warner Bros.
An interview with Netflix co-CEO Greg Peters about engagement, competition, and the Warner Bros. acquisition.
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January 21, 2026
TSMC Earnings, The TSMC Brake Revisited, Why AI Needs Foundry Competition
TSMC admitted that it has invested too little in the face of overwhelming demand for AI; that's why the industry needs to facilitate competition for the foundry leader.
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January 20, 2026
Ads in ChatGPT, Why OpenAI Needs Ads, The Long Road to Instagram
OpenAI finally announced that ads are coming to ChatGPT. It's an important step, but one with far more risk given the delay — and the delay means the ads aren't yet the right ones.
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January 16, 2026
2026.03: Technology Doings
The best Stratechery content from the week of January 12, 2026, including what technology did for United, what it is doing to legacy media, and what it should do for Apple.
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January 15, 2026
An Interview with United CEO Scott Kirby About Tech Transformation
An interview with United CEO Scott Kirby about how rebuilding United's technical infrastructure laid the foundation for transforming the airline.
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January 14, 2026
Meta Compute, The Meta-OpenAI Battle, The Reality Labs Sacrifice
Mark Zuckerberg announced Meta Compute, a bet that winning in AI means winning with infrastructure; this, however, means retreating from Reality Labs.
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January 13, 2026
Apple and Gemini, Foundation vs. Aggregation, Universal Commerce Protocol
The deal to put Gemini at the heart of Siri is official, and it makes sense for both sides; then Google runs its classic playbook with Universal Commerce Protocol.
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January 12, 2026
Apple: You (Still) Don’t Understand the Vision Pro
The first live sporting event was broadcast in the Vision Pro, and it's a big disappointment. The experience could be amazing, but Apple actively ruins it.
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January 9, 2026
2026.02: AI Power, Now and In 100 Years
The best Stratechery content from the week of January 5, 2026, including whether AI will replace humans, the future of power generation, and what China thinks of what happened in Caracas.
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January 8, 2026
An Interview with Jeremie Eliahou Ontiveros and Ajey Pandey About Building Power for AI
An Interview with Jeremie Eliahou Ontiveros and Ajey Pandey about how AI labs and hyperscalers are leveraging demand to build out entirely new electrical infrastructure for AI.
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