Perpetual Guardian

The hardware trade has been investors' preferred expression of AI deployment but has been under pressure since June, despite reported and expected earnings having never looked stronger. Orders continue to outpace supply, with scarcity leading to higher pr

Like many companies, Samsung Electronics reported record Q2 profits on accelerating revenue growth in AI-related sales, yet it did not provide sufficient reassurance that the AI hardware trades were intact, with July proving to be a difficult month for th

The early period of enterprise generative AI adoption could be framed as a rush in which companies set aside some of the ordinary rules of good practice, treating speed as a necessity that excused thinking properly about where proprietary data went once i

The story of a week Last week the market movements were strongly bookended and characterised by a melt-up on Monday followed by a sharp fall on Friday. Regardless of the precise trigger on Friday, it is worth highlighting a couple of important development

Last week, all the AI hyperscalers reported their earnings on the same day and each presented the same underlying tone - one of scarcity. Sundar Pichai, Alphabet's CEO, said, "We are compute constrained in the near term," and Amazon noted that capacity is

Earlier this month, Nvidia CEO Jensen Huang walked onto a stage in San Jose and declared that every enterprise CEO on earth now needs an OpenClaw (an open-source AI agent) strategy. Not just a considered response to it. Not a plan to evaluate it. A strate

There is a particular kind of confidence that accumulates around an industry in its prime; a collective belief that what has worked will continue to work and that the mechanisms underpinning the success are not merely functional but structural. This has b

"Skate to where the puck is going, not where it has been" - Walter Gretzky (Wayne's dad) Ennui is the word that best describes the end of 2025. It was a trudge to the finish line as investors, weary of the ongoing bubble talk and high valuations, shunned

The recent turmoil across global financial markets, marked by abrupt trading reversals and amplifying doubt, poses a critical question for investors: are we witnessing the unwinding of the exuberant artificial intelligence (AI) trade, or is it another epi

Fourth Annual Philanthropy Report Indicates Strong Momentum from Structured Giving The fourth annual Engaged Philanthropy Report from leading philanthropic funds manager Perpetual Guardian tells two stories: one of charities under pressure amid funding cu