# Macro Notes

Contrarian investment theses on the macro shifts most investors are ignoring

Page: <https://rssamplifier.com/macronotes-substack-com>  
Feed: <https://rssamplifier.com/macronotes-substack-com.md>

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## [AI Is Creating a Memory Inflation Shock](https://macronotes.substack.com/p/ai-is-creating-a-memory-inflation)

_2026-08-30 · Macro Notes_

For most of the AI boom, the bottleneck was easy to identify.

## [The $600 Billion Sovereign AI Race - Macro Notes Podcast 001](https://macronotes.substack.com/p/the-600-billion-sovereign-ai-race-a71)

_2026-08-20 · Macro Notes_

Listen now | Hello everyone,

[Listen](https://api.substack.com/feed/podcast/211989191/bd5b9b15d6f130319f4dd24948748c08.mp3)

## [The $202 Billion Precision Oncology Thesis](https://macronotes.substack.com/p/the-202-billion-precision-oncology)

_2026-08-19 · Macro Notes_

For the past several weeks, I have written extensively about AI infrastructure.

## [The $600 Billion Sovereign AI Race](https://macronotes.substack.com/p/the-600-billion-sovereign-ai-race)

_2026-08-13 · Macro Notes_

Whenever a new market emerges, most of the attention goes to the product people can see.

## [+90.7% Romanian Banking Thesis](https://macronotes.substack.com/p/inside-our-907-romanian-banking-portfolio)

_2026-08-07 · Macro Notes_

As you know, on Macro Notes we don’t just focus on the big investment themes like AI infrastructure or the trendy stories everyone is talking about, such as the GLP-1 and Ozempic thesis.

## [The satellite internet thesis is up 258%](https://macronotes.substack.com/p/the-satellite-internet-thesis-is)

_2026-08-05 · Pierre MJ_

Yesterday, SpaceX published its quarterly results.

## [Why The Fiber Optics Thesis Isn't Over Yet](https://macronotes.substack.com/p/why-the-fiber-optics-thesis-isnt)

_2026-08-04 · Macro Notes_

Last week, I shared my Fiber Optics thesis with you --- the

## [Why I Believe Humanoid Robots Are the Most Promising Investment Thesis of the Next Decade](https://macronotes.substack.com/p/why-i-believe-humanoid-robots-are)

_2026-07-29 · Macro Notes_

Yesterday, I introduced the Optical Fibre investment thesis.

## [The $73 Billion Fiber Optics Thesis](https://macronotes.substack.com/p/the-73-billion-fiber-optics-thesis)

_2026-07-28 · Macro Notes_

One of the best-performing investment theses we have developed this year has been Optical Fibre, generating a total return of more than 593% (as of 28 July).

## [The $1.8 Trillion SpaceX Proxy Thesis](https://macronotes.substack.com/p/the-18-trillion-spacex-proxy-thesis)

_2026-07-27 · Macro Notes_

A few months ago I published a thesis on Macro Notes that came with a date attached to it.

## [Trade Bitcoin and Ethereum Today (Sponsored)](https://crawlproof.com/a/MQPpovzQ5FUH)

_2026-07-27 · **Sponsored**_

Buy, sell, and margin trade BTC and ETH with EUR, USD, CAD, GBP, or JPY.

## [Your First Look at Altis Terminal (Launching August 14)](https://macronotes.substack.com/p/your-first-look-at-altis-terminal-04f)

_2026-07-22 · Macro Notes_

Altis Terminal launches on August 14 and will be included at no additional cost with every Macro Notes Premium & Founding membership.

## [Why Half of Europe's Defense Budget Will Never Buy a Single Weapon](https://macronotes.substack.com/p/why-half-of-europes-defense-budget)

_2026-07-20 · Macro Notes_

On the morning of June 24th, if you owned Rheinmetall, you lost roughly a fifth of your money before lunch.