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Corporate Finance

The AI Stack: Who Will Capture the Profits?

Download PDF Introduction The AI trade is no longer behaving as one single boom, as the debate over which parts of the industry will actually capture the profits has intensified among investors. After two years in which artificial intelligence pushed valuations higher across semiconductors, cloud platforms, model labs, and enterprise Read more…

By BSIC, 7 days10 May 2026 ago
Corporate Finance

When Sponsors Subordinate: The New Rules of Liability Management Exercises

Download PDF Introduction “You show me a hero, and I’ll write you a tragedy.” – The Big Short (2015) In a previously discussed article titled “When Creditors Collide: The Tug of War for Distressed Assets,” we examined the history, mechanics, and initial wave of creditor-on-creditor violence. LMEs (liability management exercises), Read more…

By BSIC, 7 months5 October 2025 ago

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