Nvidia earnings are the wrong place to look for evidence of an AI bubble; the company’s margins should be safe if power is ...

The best Stratechery content from the week of November 17, 2025, including the arrival of Gemini, the most takeable companies ...

An interview with Eric Seufert about the right advertising model for AI, the right AI for Meta, and why personalized advertising is good for society. Subscribe to Stratechery Plus for full access.

Gemini 3 is out, and looks to be state of the art. What does that mean for everyone else in the AI space, and what markets ...

Robotaxis are poised to further close the delta between suburbs and the city; the city (and Uber) might never recover.