The best Stratechery content from the week of October 27, 2025, including Taylor Sheridan saving television, the TSMC brake, and Victor Wembanyama taking flight.

An interview with Substrate CEO James Proud about X-ray lithography, disrupting TSMC, and betting on American innovation.

Nvidia makes its pitch to DC to preserve its CUDA moat, which also explains the challenges facing Qualcomm’s new chip. Then, OpenAI’s restructuring and Microsoft’s collar trade.

Welcome back to This Week in Stratechery! Last week we announced Sharp Text, a new site featuring weekly posts from Andrew Sharp, my Sharp Tech co-host, and the host of Sharp China and Greatest of All ...

Netflix’s growth will depend on advertising; then, more evidence that Netflix was uniquely responsible for KPop Demon Hunters’ success. Subscribe to Stratechery Plus for full access. With Stratechery ...