Three Douglas Research Perspectives on AI, Energy, and Markets
Research Notes

Three Douglas Research

Independent perspectives on artificial intelligence, energy, and markets.

Latest Notes

July 27, 2026

The Three Waves of AI and the $250 Billion Question

A framework for where the AI era goes from here, and our analysis of the week the market flinched: Alphabet's record cloud quarter, Intel's fastest growth in fifteen years, and the reported NVIDIA guarantee behind OpenAI's largest data center.