Harbor Capital Advisors, Inc.

Eight AI giants accounted for 47% of the S&P 500’s market cap growth from Nov. 30, 2022, through Oct. 30, 2026.

A striking concentration. But the AI economy extends beyond those eight names.

Here’s the broader picture. (1/5)

Microsoft and Alphabet’s latest results offer a window into how the AI economy is developing.

Both have enormous scale and broad distribution across enterprise and consumer markets.

The connection to watch: how expanding AI use could drive demand across their platforms. (1/6)

Goldman Sachs published a primer on 800VDC power for data centers. One detail stands out: power per server rack has been surging from tens of kilowatts to over 1MW, which is 1,000 kilowatts. Here's what that means. (1/6)

SpaceX spent $19.6B on capex last quarter. Revenue? $14.6B.

That gap says a lot about the scale of the AI buildout.

And SpaceX isn't alone. Earnings from Meta and Tesla reveal different approaches to funding the infrastructure behind AI.

Here's what stands out. (1/6)

Anthropic just made its IPO filing public. The S-1 shows $16.3 billion of revenue in the first half of 2026, up from $1.2 billion a year earlier. That’s about 14x, and it shows how quickly the business behind Claude is scaling. (1/5)