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SemiAnalysis

Semiconductor and AI industry research and analysis firm.

Articles · since Apr 2026

Coverage · About SemiAnalysisAll 9 articles →

Jul 9, 2026

AIOpinion

Time to First Token Is a Real Metric. It Isn't the One That Defines the Era.

Time to first token is the AI industry's favorite candidate for era-defining metric. It is a real whole-stack signal, not a stand-in for business success.

Jul 9, 2026 · By Matt Walters · 10 min read

Mentioned in

Jul 6, 2026

EmergingNVIDIA's 45°C Cooling Spec Isn't New Physics. It's a Forcing Function for the Supercomputing Data Center.

Jul 1, 2026

EmergingOne GPU in Orbit, a Million Satellites on Paper: Inside the Orbital Data Center Filing Arms Race

Jun 21, 2026

AIThe President Says It's Fine. The Order Says It Isn't. The Models Are Still Dark.

May 15, 2026

AIAI Training Power Demand Is Outrunning Grid Build Times. xAI Bet It Could Outrun Regulators Too.

May 13, 2026

AINebius's $50 Billion Sells Out. Public Science Gets None of It.

Apr 21, 2026

AIHBM Allocation, Not HBM Supply, Is the 2026 AI Infrastructure Story

Covered alongsideMeta Google Microsoft NVIDIA NVIDIA Vera Rubin Amazon