Rare earths in the age of AI
Until about 2030, AI uses only ~5% of rare-earth magnets. These stocks move on China’s export rules, not on AI news.
China’s export-rule pause ends
← Writing
Market Storm · all 13 reports
The AI market, read by a research method
Not stock tips — a look at where AI is really going by following its money. Each report is produced by STORM, a multi-agent AI research method, pointed at a real market catalyst: earnings, a major deal, an industry move. The finance is the payload; the method is the point.
Start here
3 reports
ARKG’s 96% rise, an 8.8% fall, and a month of new AI biology tools
In gene stocks, using the most AI isn’t the same as winning from it.
ARKG holds about 33 gene and biology companies. Scored on AI use today and on gain if AI takes off, the two often disagree, and the best positioned own what AI can’t make: patient data, lab work and proven medicines.
ARK Genomic Revolution ETF
Rebuilt after NVIDIA’s latest quarterly report — checked against company filings through 31 August 2026
NVIDIA made $59.7 billion last quarter. $24 billion actually arrived.
The gap is not an accounting quirk. NVIDIA now waits 60 days to be paid instead of 45, and for the first time it told investors in writing that some big buyers can take up to a year. It has also promised to cover $108.5 billion of somebody else’s rent, and set aside nothing against it. Forty-five claims went to agents told to disprove them, checked against 94 filings. Two came back wrong. The rest say the same thing: the company at the centre of the AI build has started financing its own customers.
Cash NVIDIA collected per $1 of profit40cDays NVIDIA waits to be paid60Rent signed, buildings not handed over$1.24T14 agents · all 45 claims refuted-tested
Agents with opposing stakes, one catalyst
Fundamentals analyst · Short-seller · Industry engineer · Valuation watcher — and a fifth on the thesis pieces. They interview each other grounded in live web search, then a separate pass tries to refute the load-bearing claims against primary sources. What survives is written up with the caveats it earned — and every report shows its own roster and how deep the refutation went.
Research, not advice. It is the output of an AI research method applied to public information, and it may contain errors. Nothing here is a recommendation to buy or sell any security. The author may hold positions in companies covered. Do your own research.
The companies, one quarter at a time
10 reports
Each of these reads a single company’s filing. Four agents rather than five, and the top load-bearing claims go to the refutation pass rather than all of them — every line says which, and every report names its own roster.
Earlier reports, each at its own link. I don’t update them.
- EROCERock promotes a $1.7bn backlog and its accountants signed off on $1.8bn — the first company in this section where the headline number is the conservative one
13 agents · 8 of 32 claims refuted-tested · caveated
- IRENIREN swapped $30 million of bitcoin revenue for $30 million of AI revenue — and its total came out $28,000 lower than a year ago
12 agents · all 22 claims refuted-tested
- GOOGLAlphabet reported $112 billion of profit and negative free cash flow in the same quarter
12 agents · 6 of 6 claims refuted-tested
- NBISNebius has never reported an operating profit — every dollar of bottom-line profit it has shown is a mark on a stake in another company
12 agents · 0 of 10 claims refuted-tested · caveated
- CRWVCoreWeave doubled its revenue and earned less doing it — one line on the income statement explains both
12 agents · 6 of 12 claims refuted-tested
- AMDAMD has promised 16% of itself to two customers at a penny a share — and none of it is in the earnings yet
12 agents · 5 of 11 claims refuted-tested · caveated
- SPCXSpaceX spent $2.35 of capex for every dollar of revenue — and its own share price just pushed a bigger unlock into December
12 agents · 6 of 13 claims refuted-tested
- PLTRPalantir grew 93% and paid a 1.4% tax rate — only one of those is in the headlines
12 agents · 6 of 13 claims refuted-tested
- MSFT
- AMZNAmazon just posted its best AWS quarter and its first negative-cash quarter — in the same release
9 claims tracked · caveated