Snapshots That Wow!

Defence- the next big CDMO wave?

Perhaps not as a whole but certainly for parts/ components and some systems, there should be increased outsourcing post the exhaustion of weapons in the Iran War.

Source: CSIS

Saadda kutta kutta, Twada kutta Tommy?

“Forward P/E Ratios. Costco $COST: 45 Walmart $WMT: 36 Nvidia $NVDA: 17”

Everyone is calling a bubble in the AI led rally even as NVIDIA is trading at 17x forward P/E. Yet consumer retail giants trade at 35-45x P/E. Not earnings growth alone, but the resilience of those earnings that determines the P/E.

Source: Charlie Bilello

Bharat sees clearly!

Lenskart stores that opened in Tier 2 cities in the first 9M of FY26 registered a higher monthly revenue throughput per store vs. those in metros. We sometimes truly live in our own bubbles.

Source: Bofa Global Research

Where’s the money, honey?

“Even under "best case" assumptions — assuming zero costs, just revenue against capex — the Financial Times calculated the implied return on hyperscaler AI investment from 2025 to 2030.

Only one of them clears positive.

Implied return on AI investment (FT / Panmure Liberum)

– Microsoft: -9.2%

– Alphabet: -15.7%

– Amazon: +7.2%

– Meta: -28.8%

– Oracle: -35.6%

And remember: that's assuming zero costs. In reality, GPUs depreciate, power bills run, salaries get paid.”

Source: Financial Times

Bye Bye Babies!

“India’s population will still continue to grow from its current tally of 1.45bn: it takes time for fewer births to translate into fewer people overall. But the number of births is already down by a fifth from its peak in 2001. In Tamil Nadu 1,200 schools were closed last year for a lack of pupils to fill their classrooms. Taking into account birth rate per woman and the speed of decline in the same, the UN low variant model suggests the population plummeting to just 1bn by 2100”

Source: Economist

It’s all about the money, honey!

“Patriotism, religious faith, having children and other priorities that helped define the national character for generations are receding in importance to Americans, a new Wall Street Journal-NORC poll finds.

The only value that has seen a rise in importance is making more money!”

Source: WSJ