Insights
Research for thematic investing.
Independent notes across AI, semiconductors, physical AI, energy, and adjacent themes. Same dossier standard whether the work stays private or is licensed.
We write as buy-side operators: hypothesis first, evidence second, model third, price last. Public extracts carry a fixed disclaimer: opinions of INH Capital, not investment advice. Thematic clarity means mapping each name to durable drivers, not chasing a single narrative.
INH Capital invests its own capital. We publish the research behind it. We are not an investment adviser and do not manage client funds.
Themes
Browse the research map.
Three root themes: Physical AI, Energy, and Semiconductors. Memory sits nested under Semiconductors. Energy carries theme-level Top Buys on its card. For the cross-theme conviction list, open Insights, then Top Buys.
Theme
Physical AI
Embodied intelligence across humanoids, industrial robots, autonomous vehicles, and the sensing and actuation stack that turns models into machines.
Open →Theme
Energy
Batteries, stationary power, and generation that underwrite AI and electrification load.
Theme Top Buys QS · BE · VST
Open →Theme
Semiconductors
Manufacturing and design across foundry, wafer fab equipment, logic and accelerators, and EDA, with Memory nested as its own map.
Includes Memory
Open →Intensity tiers
Flash · Standard · Initiation · Living
Flash
Short, time-sensitive notes when a catalyst or data point changes the decision frame.
Standard
Full note with hypothesis, evidence stack, and valuation frame, comparable across names.
Initiation
First full dossier on a name: cover sheet, business system, source stack, and kill criteria.
Living
Ongoing dossier revisions as filings, holders, and catalysts update the thesis.
Product formats
Cadence for the book.
Calm institutional formats for how work ships, alongside intensity tiers, not instead of them.
Morning Note
Brief overnight tape, filings, and catalyst digest for the coverage universe. Decision-relevant only.
Thematic Pack
Multi-name map of a durable theme (HBM, foundry, data-center power, EDA) with cross-ticker claims.
Browse themes →Conviction / Top Buys
Ranked high-conviction list with one-line thesis teasers. Ratings and PTs shown when Under Review clears.
Open Top Buys →Earnings Preview
Pre-print checklist: load-bearing claims, guide scenarios, and what would change the book.
Flash Alert
Same-day event note when an 8-K, print, or policy move hits a covered name. Thin, tagged, fast.
Next steps
Choose a path. Unlock full dossiers.
Start with themes or the coverage universe. Full dossiers and living revisions sit behind Research on Pricing. Top Buys is available from the Insights dropdown when you want the conviction list.