Every week there’s a new AI headline.
“AI replaces software engineers.”
“Robots are taking over logistics.”
“AGI in 24 months.”
“Nothing’s actually changing.”
Most of it is noise.
The loudest voices are either euphoric or dismissive.
Both are lazy.
Inside tech, the conversation isn’t about whether AI is “big.”
It’s about:
Where margins compress first
Where workflows get automated
Where pricing power erodes
Where leverage quietly expands
Outside of tech?
We’re still arguing about chatbot demos.
That gap isn’t just interesting.
That gap is where capital gets misallocated.
Introducing: Outside the Bubble
Every Friday, we’re running a disciplined signal digest.
Not hype.
Not doom.
Not model benchmark theater.
We’re filtering the week’s emerging tech shifts through one lens:
Does this actually change earnings trajectories?
Because technology doesn’t move markets.
Margins do.
What This Segment Will Do
Each week we’ll break down:
The 2–3 meaningful shifts from the past 7 days
What actually matters (and what doesn’t)
What the market may be mispricing
Capital implications over a 1–5 year window
An Inflection Score:
Noise
Meaningful
Structural
Paradigm
If it’s incremental, we’ll say it’s incremental.
If it’s structural, we’ll say that too.
We don’t force drama.
Why This Matters
AI is compressing cognition.
Automation is compressing labor.
Infrastructure is absorbing capital at historic levels.
These shifts don’t show up in headlines first.
They show up in:
Cost structures
Headcount decisions
Pricing power
Capex allocation
Competitive positioning
By the time it’s obvious in earnings, it’s priced.
The edge lives in the lag between capability and earnings.
If you’re still reacting to headlines, you’re late.
The Goal
This isn’t about being pro-AI or anti-AI.
It’s about understanding where AI actually stops mattering…
And where it quietly reshapes entire industries.
Less noise.
More signal.
Outside the Bubble starts this Friday.
— Connor
Alpha Before It Prints
© 2025 Alpha Before It Prints
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