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Weekly recaps, earnings notes, and explainers, in the order they were published. Also available in French.

Tool · Interactive map The AI world map: where AI actually happens
Where the AI economy physically sits: machines in Veldhoven, chips in Taiwan, memory in Korea, clouds in Virginia. Toggle the overlays for export controls, strategic reserves and the sea lanes everything rides on.
Tool · Interactive maps The Atlas: every Markets North map in one place
The hub for all the maps: the supply chain, the world map and trends live now, with the money flow, the Canada map and more in production.
Tool · Interactive map The AI supply chain map: who depends on whom
An interactive map of the companies behind AI, from the machines of ASML to the clouds, with the memory, servers and power in between. Click a company to see who it buys from and who it sells to.
Tool · Data Trends: the watchlist, in charts
One year of price history for every stock on the watchlist, plus what the big AI models charge per token. Dated snapshots with the source named on the page, updated weekly.
Explainers · AI basics Tokens, explained: what AI actually costs
Every AI answer runs on tokens. What a token is, why input and output are priced per million, why the price keeps falling, and why it matters for the chip stocks.
Week 1 · Introduction Why I'm doing this, and how I watch the markets
Where this came from, the CXMT scare that taught the group the difference between sentiment and a business, and the rules I publish by. Start here if you're new.