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Analizamos en qué punto del ciclo de la inteligencia artificial (IA) nos encontramos actualmente, cuánto más puede durar el auge de la IA y por qué la actual debilidad del mercado podría ofrecer oportunidades a largo plazo.

¿Cómo lograr que la electricidad renovable esté disponible cuando no brilla el sol o no sopla el viento? El almacenamiento puede ser una pieza importante del puzle.

Recent comments from SpaceX regarding Starlink's terrestrial wireless ambitions have prompted questions from investors about the long-term outlook for communications towers. While we continue to evaluate the potential implications, we do not currently view Starlink as a thesis-breaking risk to long-term U.S. tower growth. We believe the negative reaction in tower stocks reflects increased uncertainty rather than a material change in near-term fundamentals.

Descubre lo interesantes y exigentes que son las numerosas tareas de un gestor de carteras de acciones.

This article examines the central paradox of the AI economy: intelligence is becoming dramatically cheaper even as technology companies invest record sums in AI infrastructure. It explores the AI value chain, token economics, the open-versus-closed model debate, and whether soaring usage can offset falling prices as compute supply remains constrained.

Descubra más sobre los mercados emergentes y su transformación estructural, que convierte a las acciones de estos mercados en una clase de activos más madura e interesante.

En un mundo cada vez más desglobalizado, los gobiernos de l e buscan la autonomía energética y de materias primas mediante cadenas de suministro nacionales y reservas estratégicas. ¿Qué significa esto para la transición energética?

Our Quality Growth team outlines an approach to building resilient portfolios that can also deliver attractive growth. The team seeks to identify companies with superior profitability, predictable earnings growth, and appropriate valuations. They classify quality companies into three categories: Leaders, Defenders, and Opportunistic, while balancing growth and stability.

China’s luxury market is being reshaped: ultra-high-end brands remain resilient, while mid-tier players face pressure from premium and domestic competitors. Consumers are shifting spending toward experiences and local brands, with uneven recovery and opportunities emerging in platforms and adaptable operators.

Portfolio manager Ed Walczak shares his thoughts on his trip to the Berkshire Hathaway annual meeting, his 30 th visit. He focuses on investing versus speculating in today’s AI-obsessed market, and how sticking to a discipline might be harder but more important than ever.

Like oil once powered the industrial era, chips have become a key input powering broad economic activity, with expectations for demand to continue through 2026 and into 2027. In our view, “picks-and-shovels” companies should benefit regardless of which model, hyperscaler, or foundation lab ultimately wins.

Galderma is a pure play dermatology company with steadily growing aesthetics and skin care franchises. Galderma’s Dysport is taking share from Botox, while Nemluvio, its novel itch biologic, is gaining traction. We believe the company may see long term revenue and profit growth ahead. Turns out, demand for better skin is remarkably durable.