Institutional-grade data, customized for every investor.
Millions of data points a day, read through the portfolio you actually hold, and turned into a briefing you can argue with.
This morning · example
47 sources · 1,284 claims · read for you in New York
The briefing6:00 am · 10 min
Written around what you hold
- Micron: data center revenue above $25BJun 24
- Fortune reads the quarter as constructiveAug 26
- Tomorrow · Broadcom reportscal
What it reads
Nvidia gave its first-ever year-ahead forecast — a 70% growth bombshell meant to silence AI bubble critics
Q2 FY27 revenue $96.2B; data center $89.0B; first year-ahead outlook
AI star Nvidia is losing its shine — investor mistrust hasn't been this high in a long time
2026 capex about $220B
The CXMT shock: how China's viable alternatives punch Nvidia, Micron, SK Hynix shares
Calendar-2026 capex expectation about $175B, from about $190B, due to a lease reclassification; "outside of this useful-life impact, our calendar year 2026 CapEx investment expectations remain unchanged"; FY27 capex to grow
2026 capex guidance raised again to $195–205B
Among the AI crowd, some investors position for slower hyperscaler spending growth
FQ3 2026 revenue $41.456B; data center revenue above $25B
Who it's for
Decide with the full picture.
For investors who keep the decision, on their own portfolio or the one they're responsible for, and want everything that bears on it in one place.
You keep the decision for a reason.
The second job · 11:00 pm
Right now, you are the integration layer. You shouldn't have to be.
You want to understand what you hold. You want the call to be yours. And you've looked at the alternative — someone else's model portfolio, someone else's fee, someone else's timeline — and decided against it. What you didn't sign up for was the second job.
A brokerage app. A data tool. The news. A spreadsheet. Twenty open tabs. Perhaps a newsletter or two. Nothing talks to anything else, so you do the reconciling — by hand, out of hours, from memory. It costs hours a week, it makes decisions inconsistent, and things slip: the material event on a holding you find out about after the move.
Every alternative asks you to give something up. Advisors and discretionary managers take the decision. Terminals and newsletters hand you more inputs and leave the synthesis to you. General-purpose AI explains anything and remembers nothing.
What it does
It reads what you'd read, if you had the time.
01 · The briefing12:30 pm · example
Midday briefing, built around what you hold
MU · data center revenue above $25B · Jun 24position
NVDA · Frankfurt reads the quarter more negativelydesks
Your capex condition, testedrecord
Tomorrow · Broadcom reports after the closecalendar
47 sources1,284 claims10 min to read
It reads the same story in four markets, and tells you when they disagree.
02 · The regional lensNvidia Q2 · −1 … +1
One story, read in four markets
New YorkConstructive
+0.30
LondonCautious
−0.20
FrankfurtNegative
−0.55
Hong KongNegative
−0.35
4 regionsnative languagethin coverage flagged
It records why you took the position.
03 · The decision recordNVDA · MU · example
“A cut to hyperscaler capex would be the thing that changes my mind.”
Locked · revisions appended, never overwritten
Mar 12 written1 counter-case0 silent edits
It watches the evidence against your reasoning.
04 · Evidence, checkedsince Mar 12 · sourced
What arrived, against what you assumed
Jun 24Micron: data center revenue above $25Blink 3
Jul 17UBS: capex growth slows to 25% in 2027link 2
Jul 22Alphabet raises 2026 capex guidancelink 2
Jul 29Microsoft $190B → $175B: lease reclassificationcondition
Review opened · closed · not met
4 items since entry1 condition tested0 instructions
It tells you honestly whether you were right.
05 · The scoreboardNVDA · closed Sep 8
A verdict on the thinking, not just the P&L
Did the price go your way?183.14 → 225.73Yes
Did the reasoning you wrote hold?capex kept risingYes
Right, for the right reason
14right · right reason
5right · wrong reason
2right reasoning · wrong price
5wrong
+23% on the position26 verdicts so faryou decide what it means
It never tells you what to do.
06 · Where it stopsby design
It gathers the evidence and keeps your reasoning. The decision stays yours.
Read the evidence for you
Keep your reasoning, locked
Flag a condition you set
Connect read-only
Buy or sell calls
Place or cancel orders
Hold your assets
Move cash or securities
read-only connectionsno custodyno discretion
01 · The briefing12:30 pm · example
Midday briefing, built around what you hold
MU · data center revenue above $25B · Jun 24position
NVDA · Frankfurt reads the quarter more negativelydesks
Your capex condition, testedrecord
Tomorrow · Broadcom reports after the closecalendar
47 sources1,284 claims10 min to read
What you actually do
01
Connect or upload once.
Link your accounts read-only, or upload a statement. Nothing can be moved and nothing can be traded.
Alphabet raises 2026 capex guidanceJul 22
Your condition on capex, tested6:00 am
Fortune reads Nvidia's quarter as constructive6:00 am
02
Read or listen for ten minutes.
Two or three times a day, at the times you set. Scoped to what you hold.
What proves me wrongexample
Hyperscalers guide capex down, or orders fall two quarters running.
Locked · Mar 12, 2026
03
Write it down when you buy.
A few minutes at the point of decision. Everything after that is the system's job.
On an ordinary Tuesday
You took a position in March because you expected hyperscaler capex to keep rising through the year, and you decided that a cut to that spending would be the thing that changed your mind.
This morning's briefing tells you Microsoft's calendar-2026 capex figure came down last night — and it puts that next to the condition you set in March, in your own words, with the transcript linked underneath. It also tells you what the transcript says: the change is a lease reclassification, and the spending plan is unchanged.
It doesn't tell you to sell, or to relax. It tells you the thing you said would matter has been tested, and shows you the evidence. What you do about it is the part you were always going to do yourself.
The evidence · Jul 29sourced
Microsoft's calendar-2026 capex expectation moves to about $175B, from about $190B — a lease reclassification; “outside of this useful-life impact, our calendar year 2026 CapEx investment expectations remain unchanged.”
Source Microsoft FY26 Q4 earnings call — Amy Hood, CFO, Jul 29, 2026
Checked against your condition of Mar 12 — not met
Suggested action none — the decision is yours
One portfolio, or several.
Alembic was built for a working family office, so it has never assumed a single account or a single currency. Track several portfolios side by side, hold them in different currencies with attribution that survives the conversion, and keep a decision record per portfolio rather than one undifferentiated pile.
If more than one person is involved in the research, that's the direction we're building in — and it's exactly the sort of thing we'd want to get right with you rather than guess at.
+12.4%in the holdings’ own currencies
−2.6%from currency
+9.8%in CHF, your base
Each dot is a position; filled means it has an open decision record. Example portfolios · figures illustrative
Being built right now
2×
Briefings a day
Two briefings a day for our own portfolios. It hasn't missed a day.
The research engine runs daily and has done for months. The decision record is in development, and closed beta opens later this year.
We're not selling anything yet. What we're doing is building this alongside a small number of investors who'll actually use it, and writing publicly about what we learn on the way.
Your data stays yours.
The portfolio you're responsible for is among the most sensitive data you hold. So the rules are simple, and they don't change with the plan.
Read-only, always
Alembic can see positions and transactions. It cannot trade, move or hold anything.
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Nothing about your positions is sold, shared, or used to build a product for anyone else.
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