Read time: 59 seconds
Hey hey - welcome to edition #2 of our pilot for Strategy Screenshots.
If you replied to yesterday’s, thank you. I’m reading every single one!
E.g. We LOVED this idea from Ally. From now on (including in today’s email!) we’ll include links in the Rabbit Hole to any relevant Strategy Breakdowns pieces.
If you haven’t yet, I’d love to hear from you (in about 60 seconds from now) - what would you iterate, add, or subtract? Hit reply to this email. Even 1 sentence helps a lot.
Hope you enjoy today’s!
— Tom
P.S. Too many emails? Reply “weekly” and we’ll switch you back to just the Wednesday breakdowns.
Developers ship faster with AI. Delivery still feels slow.
87% of developers say AI helps them ship work faster. Only 28% say they feel noticeably less friction than before AI.
Atlassian's State of Developer Experience Report 2026, out today, shows why individual gains get absorbed by organizational friction, and where developers still lose time (meetings are still a big one).
It draws on 1,500+ software practitioners and explains how to measure impact instead of AI usage.
What does your support line sound like at 2am?
Most voice agents can answer the question. Fewer can answer it in a tone that keeps the caller on the line.
ElevenAgents adjusts its delivery as the call goes, built on Eleven v4, and it scales across 90+ languages with the same voice.
Customers feel helped, not processed.
Thank you for supporting our sponsors, who keep this newsletter free.
Tech earnings are up 65% vs. a year ago.
“Wow - the industry is on an absolute tear!”
Well, take out the chipmakers and it's 24%, and software alone is at 14%.
Important reframe for anyone glued to the headlines: the boom belongs to chips, not 'everyone in tech'
QUICK POLL
How much of your own investing sits in index funds?
1-click to cast your vote (+ see the results!)
RABBIT HOLE
High-signal resources to learn more
What happens if the hyperscalers pull back? - the 1 assumption sitting under this whole earnings cycle, laid out plainly.
Is tech now the whole economic cycle? - a16z's State of Markets II, on AI capex, GPU resale values and the repricing of software.
Why Nvidia gave OpenAI its first AI supercomputer for free - our breakdown of the 2016 gift that helped make Nvidia the default chip for AI.
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Data source for today's Screenshot: FactSet Earnings Insight (16 Oct 2026)
That’s your 60 seconds up ⌛
Quick one before you close this: did you know your index fund was this much of a chip bet? Hit reply and tell me, first reactions are the most useful ones.
See you Thursday for edition #3.
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