13 Sectors. Deep-Dive Reports.
Sterling tracks emerging industries with competitive analysis, market data, regional breakdowns, and company rankings — updated quarterly from public filings.
Electric Vehicles
Explore the companies driving the electric vehicle revolution. Discover key players, compare product lineups, and track the shift from combustion to electric.
What's inside
- •Regional sales breakdowns (China, US, Europe)
- •Market share by brand and model
- •Monthly and quarterly delivery tracking
- •Product timelines and competitive positioning
Autonomy
Discover the companies building self-driving technology and advanced driver assistance systems. Compare approaches from vision-only to lidar, and track the road to full autonomy.
What's inside
- •Robotaxi fleet size, rides, and operational cities
- •ADAS system comparison and vehicle lineup
- •Autonomous trucking corridors and fleet commitments
- •Sensor and compute hardware breakdown
AI Chips
Explore the companies designing the chips that power artificial intelligence. From GPUs to custom accelerators, discover who's enabling the AI revolution.
What's inside
- •GPU market share and revenue trends
- •Foundry capacity and utilization
- •Memory market dynamics (HBM, DRAM)
- •Equipment spending and capex cycles
AI Software
AI Software covers the layer of the AI stack above the chip: the labs that build foundation models (OpenAI, Anthropic, Google DeepMind, xAI, Meta, Mistral, DeepSeek, Qwen), the cloud and inference platforms that serve those models at scale (Azure AI, AWS Bedrock, Vertex AI, CoreWeave, Nebius, Together, Fireworks), the data and ML platforms that connect models to enterprise data (Databricks, Snowflake, MongoDB, HuggingFace, Scale), and the application companies that turn intelligence into product (ChatGPT, Cursor, Perplexity, Glean, Harvey, Sierra, Adobe Firefly, Salesforce Agentforce, Microsoft 365 Copilot). The sector spans both the frontier-lab revenue race and the much larger pool of AI revenue embedded inside Big Tech earnings, plus a fast-growing private-company universe that includes most of the highest-valued AI startups.
What's inside
- •OpenAI annualized run-rate hit approximately $13B by late 2025, more than tripling year-over-year, per The Information and Reuters reporting.
- •Anthropic annualized run-rate reached approximately $5B by mid-2025, up from $1B at YE 2024, driven by enterprise API growth.
- •Microsoft Azure AI services contributed approximately 13 percentage points to Azure growth in FY2025-Q4, up from 6 to 7 points in FY2024 early quarters.
- •ChatGPT reached approximately 800M weekly active users in late 2025, the largest disclosed user base for any AI product.
- •Google Cloud served approximately 480T tokens per month as disclosed at I/O 2025, up from 9.7T per month a year earlier (roughly 50x).
- •DeepSeek R1 (Jan 2025) marked the inflection point on the open-versus-closed gap; open-weights models now sit within striking distance of closed-API leaders on most benchmarks.
- •McKinsey State of AI 2024: 72% of organizations report using AI in at least one business function (up from 55% in 2023).
Charging
Explore the companies building the charging networks that power electric vehicles. Compare network coverage, charging speeds, and the race to deploy infrastructure worldwide.
What's inside
- •Network size and geographic coverage
- •Charging technology (speed, standards)
- •Unit economics and utilization rates
Batteries
Explore the companies powering EVs and the energy grid. From lithium suppliers to next-gen solid-state innovators, discover who's shaping the future of energy storage.
What's inside
- •Cell and pack technology comparison
- •Grid-scale storage deployments
- •Battery chemistry roadmaps
- •Raw materials pricing and supply
Humanoid Robots
The race to build general-purpose humanoid robots — from Tesla Optimus to Figure AI, Agility Robotics, and China's fast-growing ecosystem. Explore specs, funding, economics, and the supply chain behind the next frontier of AI.
What's inside
- •Robot specs and model comparison
- •Market size and funding rounds
- •Unit economics and production timelines
- •Technology stack and supply chain
Semi Trucks
The electrification of Class 8 heavy-duty trucking — from Tesla Semi and Freightliner eCascadia to fuel cell alternatives from Nikola and Hyundai. Tracking OEM production ramps, fleet adoption, charging infrastructure buildout, TCO economics, and the regulatory push toward zero-emission freight.
What's inside
- •Vehicle specs and model comparison
- •Fleet adoption and sales tracking
- •Total cost of ownership analysis
- •Charging infrastructure for freight
Orbital Data Centers
Computing infrastructure deployed in orbit to process satellite data in real-time, leverage unlimited solar power, and free radiative cooling. The sector reached an inflection point in late 2025 with the first GPU (NVIDIA H100) and first LLM trained in space, followed by SpaceX filing for a 1-million-satellite orbital DC constellation.
What's inside
- •Launch providers and orbital capacity
- •Compute hardware for space
- •Market projections and funding
- •Technology challenges and timeline
Defense
Track the world's defense contractors — primes, specialists, and the new wave of defense-tech disruptors. Explore spending by country, major procurement programs, and the technologies (drones, autonomy, hypersonics, AI) that are reshaping how nations project power.
What's inside
- •Global defense spending exceeded $2.46T in 2024 (+7.4% YoY); 2025 estimated $2.7T
- •23 of 32 NATO members met 2% GDP target in 2024 (vs 6 in 2021)
- •Defense Tech VC raised $45B+ cumulative 2020-2025; Anduril at $40B+ valuation
- •Major procurement: F-47 NGAD won by Boeing (Mar 2025); B-21 ramp; Sentinel ICBM in Nunn-McCurdy review
Insurance
Track the global insurance industry — P&C carriers riding the auto-recovery cycle, health insurers absorbing the UnitedHealth shockwave, Berkshire's float and succession, climate-driven catastrophe losses reshaping coverage, and the insurtech disruption story anchored by Lemonade. Covers public carriers, brokers, reinsurers, and the most-funded private insurtechs.
What's inside
- •Lemonade approaches GAAP breakeven in 2026 — gross loss ratio dragged from 105% to ~72%
- •Berkshire insurance float crosses $173B; Greg Abel succeeds Buffett Jan 2026
- •UnitedHealth stock collapses from $610 → $280 (Nov 2024 → May 2025) after Brian Thompson killing + DOJ Optum probe + MA cuts
- •Hurricane Helene + Milton + Palisades fires push 2024 global insured cat losses past $140B
- •Munich Re acquires Next Insurance for $2.6B — the insurtech endgame signal
- •Progressive maintains ~87% combined ratio while Allstate recovers from 110%+ disaster years
- •Reinsurance Jan 1 2026 renewals see first 5-15% rate decreases on loss-free cat layers (softening cycle)
Crypto & Digital Assets
Track the global crypto sector through its public-equity wrappers. Coinbase and Robinhood as retail-flow proxies, Strategy and Metaplanet as leveraged Bitcoin treasuries, the public Bitcoin miners pivoting to AI/HPC hosting, Circle as the first listed stablecoin issuer, BlackRock and Fidelity as the asset managers behind the spot ETFs, plus the banks and fintechs that now custody digital assets after the SAB 121 rescind. Tokens (BTC, ETH, SOL, USDT, USDC) are tracked as data entities across stablecoin supply, ETF flows, mining hashrate, and on-chain metrics.
What's inside
- •US spot BTC ETFs hit roughly $101B AUM in May 2026 after the Q1 drawdown; cumulative net inflows since January 2024 around $59B (peak $61B in October 2025); BlackRock IBIT leads at about $67B AUM
- •Spot ETH ETFs launched July 2024; staking-eligible variants live in 2026 (Grayscale ETHE October 2025, BlackRock ETHB March 2026) after a SEC and CFTC joint interpretive release classified staking rewards on 16 commodities as non-securities
- •Trump Strategic Bitcoin Reserve EO (March 6, 2025) formalizes the US government as a holder of about 200K seized BTC; SAB 122 (January 23, 2025) rescinds SAB 121 and frees banks to custody
- •Circle (CRCL) IPOs June 5, 2025 at $31 (priced above range); USDC supply at about $77B and Tether USDT at about $186B in May 2026; GENIUS Act signed July 18, 2025 establishes federal stablecoin rules
- •Strategy crosses 800K BTC (about 819K BTC, $66B at May 2026 prices); the mNAV premium drives a convertible-debt and ATM-equity issuance flywheel that public-equity comparables (Metaplanet, Twenty One Capital, Semler) have started to copy
- •CoreWeave to acquire Core Scientific in a $9B all-stock deal announced July 2025 sets the AI-pivot precedent for public miners; the merger agreement is terminated October 30, 2025 and Core Scientific remains independent
- •Hyperliquid emerges as the dominant perps DEX post token launch (HYPE airdrop late 2024); share peaks around 80% in mid-2025 before falling to roughly 38% by year-end amid the perp-DEX wars
- •EU MiCA fully effective December 30, 2024; over 40 CASP authorizations issued by October 2025 and the grandfathering window runs through July 1, 2026
Nuclear
Track the global civilian nuclear-power industry: operating fleets, the new wave of small modular and advanced reactors, the uranium and enrichment supply chain, hyperscaler power deals reshaping demand, and the fusion developers racing to commercial net energy.
What's inside
- •94 operating US reactors at ~92% capacity factor, the highest of any generation type. Vogtle 3 + 4 commissioned 2023 + 2024 as the first new US large reactors since Watts Bar 2 (2016).
- •Six binding hyperscaler-nuclear PPAs signed 2023-2025: Microsoft + Constellation Crane CEC (835 MW), AWS + Vistra Comanche Peak (1,200 MW), Amazon-Talen Susquehanna (960 MW), Google + Kairos (up to 500 MW), Meta + Constellation Clinton (1.121 GW), plus AWS + X-energy 5 GW Xe-100 commitment.
- •Policy stack reset 2022-2026: IRA Section 45U PTC ($15-30 per MWh), ADVANCE Act (PL 118-67 Jul 2024), Prohibiting Russian Uranium Imports Act (PL 118-62 May 2024), NRC Part 53 final rule (Mar 2026), DOE LPO closed $1.52B Holtec Palisades + $1B Constellation Crane CEC loans.
- •Fuel cycle bottleneck visible to capital. Rosatom controls ~46% global enrichment SWU and ~70% of reactor exports outside China. Western HALEU production at kilogram scale (Centrus AC100M first kg Oct 2023) lags ~150 MT cumulative 2030-2035 demand by 5-10 years.
- •Fusion crossed scientific Q > 1 (NIF Dec 5 2022, 3.15 MJ from 2.05 MJ laser). Two binding fusion electricity-purchase PPAs now exist: Microsoft + Helion 50 MW (May 2023), Google + Commonwealth Fusion Systems 200 MW ARC Virginia (Jun 2025). ~$7.7B cumulative private funding per FIA 2024 report.