Analysis
Written documentaries, deep dives and data visualizations on companies, technology, artificial intelligence, industry, finance and luxury. Each analysis goes to the heart of the forces shaping the global economy.
Technology
EUV WAVELENGTH
13.5 nm
Why ASML Holds One of the World’s Hardest Technologies to Replicate
ASML does not manufacture chips. It builds the lithography systems that allow semiconductor manufacturers to print intricate patterns onto silicon wafers.
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AI & Data
Data Center Revenue (FY2026)
$193.7B
How NVIDIA Became the Infrastructure Behind AI
NVIDIA's dominance in AI is not built on a single chip. Its advantage comes from an integrated infrastructure connecting GPUs, software, networking, and data centers.
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Business
MARKET VALUE · OCTOBER 2025
$4T
How Apple Became a $4 Trillion Company
Ecosystem, financial strength, user loyalty and technological control: the mechanisms that turned Apple into one of the most valuable companies in the world.
Industry
GLOBAL EV BATTERY MARKET SHARE 2025
39.2%
How CATL Became Indispensable to the Global Battery Industry
CATL does not dominate on the strength of a single battery. Its advantage lies in its ability to combine several technologies, industrialize them and produce them at a scale few companies can match.
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Luxury & Lifestyle
Recurring Operating Margin
41%
Why Hermès Can Charge More Without Losing Its Customers
Hermès raises its prices regularly while maintaining exceptional demand. Behind this paradox lies a model built on craftsmanship, control of distribution and a gradual expansion of its capacity.
Finance
ASSETS UNDER MANAGEMENT
$14.04T
How BlackRock Became Core Infrastructure for Global Finance
BlackRock manages more than $14 trillion for its clients. But behind that scale, a broader model is taking shape — combining ETFs, technology, data and private markets.
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