Latest Insights

We write about the markets we watch, the regulatory landscape we navigate, and the values and vision behind our firm. These are the ideas worth sharing.

Perspective

When AI CapEx Meets Free Cash Flow

Five large technology companies entered earnings season with a similar message: demand for AI infrastructure still exceeds available capacity. Their cash-flow outcomes looked far less alike.

Aug 2, 2026 · AI · Markets

Evermark perspective on digital sovereignty as selective dual infrastructure and controlled AI, not full decoupling

No Full Decoupling — Just the High Cost of Digital Sovereignty

Digital sovereignty is becoming a workload-allocation discipline with a real cost premium—not wholesale decoupling from global technology—as Airbus pairs Scaleway cloud with Mistral AI for critical systems.

Jul 25, 2026 · AI · Infrastructure

Evermark perspective on Chinese AI models reshaping the global cost curve

The AI Cost Curve Is Moving East

Chinese open-weight models are reshaping the price of useful AI, shifting value toward distribution, trusted data, customer relationships and infrastructure.

Jul 24, 2026 · AI · Markets

Evermark perspective on AI infrastructure scarcity and buyer bargaining power

The Hand That Feeds the AI Trade

AI infrastructure scarcity rewards suppliers, but the next phase depends on whether hyperscalers continue funding those premiums.

Jul 12, 2026 · AI · Capital Markets

Evermark perspective on AI infrastructure, IPO supply, earnings, and long yields

When AI Stops Being Asset-Light

AI is shifting from a software-margin story into a capital-cycle test across infrastructure spending, IPO supply, earnings delivery, and long yields.

Jun 21, 2026 · AI · Capital Markets

Evermark Guide to accumulators, decumulators, and structured product risks

What Are Accumulators and Decumulators?

Evermark Guide: how accumulators and decumulators work, where the discount or premium comes from, and why investors should read the risks first.

May 13, 2026 · Structured Products · Investor Education

Evermark Guide to fixed coupon notes and structured product risks

What Are Fixed Coupon Notes (FCNs)?

Evermark Guide: how fixed coupon notes work, where the coupon comes from, and why investors should read the risks first.

May 11, 2026 · Structured Products · Investor Education

Evermark perspective on the Iran conflict and infrastructure

Barrels and Bandwidth: The Iran Shock to Infrastructure

Evermark perspective on how the Iran conflict is reshaping energy, cable, cloud, and AI infrastructure across the Middle East and Asia.

Apr 8, 2026 · AI · Infrastructure

Beyond Market

Evermark CEO (left), Tongshifu founder (center), and Evermark chairman (right) at the Hong Kong Exchanges and Clearing (HKEX) listing ceremony for Hangzhou Tongshifu Cultural and Creative (Group) Co., Ltd. on March 31, 2026.

Marking Tongshifu's Listing

A short Evermark note on Tongshifu's Hong Kong listing and what it reveals about Evermark's founding team early investment experience.

Mar 31, 2026 · Company · Track Record

Evermark Launches in Hong Kong

Evermark announces its Hong Kong establishment and the launch of an AI-enabled wealth operations platform for entrepreneurial families.

Jan 16, 2026 · Press Release · Company