- The article argues that market capital is shifting away from broad aggregators toward specialized infrastructure and vertical service providers in 2026.
- This structural unbundling is driven by rising structural friction in traditional aggregation models, as seen in CVS Health experiencing executive changes despite 1,061 billion dollars in revenue, while focused firms like BrightSpring Health Services increased revenue by 23% to 3.87 billion dollars.
- Similar dynamics appear in technology and AI infrastructure, where companies controlling scarce complementary assets like Soluna Holdings capturing a 145% revenue surge to 15.06 million dollars succeed, while generic players face relentless commoditization.
