{
  "meta": {
    "title": "信息源图谱：AI 半导体",
    "created": "2026-05-25",
    "node_count": 13,
    "inner": 6,
    "outer": 4,
    "bridge": 3
  },
  "nodes": [
    {
      "id": "dylan",
      "label": "Dylan Patel",
      "org": "SemiAnalysis",
      "ring": "inner",
      "score": 41,
      "layer": "动态",
      "subdomain": "技术路线",
      "tier_T": "T4",
      "tier_S": "S3",
      "tier_C": "C1",
      "tagline": "盯 Ibiden ABF substrate 订单簿",
      "bias": "NVDA-positive",
      "framework": "Capacity-Constrained Reality Check",
      "anchor": true
    },
    {
      "id": "stacy",
      "label": "Stacy Rasgon",
      "org": "Bernstein Research",
      "ring": "inner",
      "score": 42,
      "layer": "动态",
      "subdomain": "资本市场与估值",
      "tier_T": "T3-T4",
      "tier_S": "S2",
      "tier_C": "C2-C3",
      "tagline": "cross-cycle median P/E + 四套 cycle dial",
      "bias": "NVDA bull throughout",
      "framework": "Cycle Decomposition + Multiple Mean Reversion"
    },
    {
      "id": "niles",
      "label": "Daniel Niles",
      "org": "Niles Investment Management",
      "ring": "inner",
      "score": 42,
      "layer": "元认知",
      "subdomain": "周期与历史",
      "tier_T": "T2-T3",
      "tier_S": "S1-S2",
      "tier_C": "C3",
      "tagline": "1999 重演还有 2-3 年顶",
      "bias": "PM tactical bear-with-melt-up",
      "framework": "1999-telecom Phase Matching"
    },
    {
      "id": "jones",
      "label": "Scotten Jones",
      "org": "IC Knowledge / TechInsights",
      "ring": "inner",
      "score": 39,
      "layer": "约束",
      "subdomain": "物理工程",
      "tier_T": "T5",
      "tier_S": "S4",
      "tier_C": "C3",
      "tagline": "wafer × yield × WPM × depreciation 物理 floor",
      "bias": "foundry-positive (zero-degree IR)",
      "framework": "Wafer-Level Cost Modeling from First Principles"
    },
    {
      "id": "ferragu",
      "label": "Pierre Ferragu",
      "org": "New Street Research",
      "ring": "inner",
      "score": 38,
      "layer": "动态",
      "subdomain": "资本市场与估值",
      "tier_T": "T3-T4",
      "tier_S": "S2-S3",
      "tier_C": "C2-C3",
      "tagline": "power-law + Brussels regulatory color",
      "bias": "NVDA-positive cycles, multiple reversals",
      "framework": "Power-law / Network-effects + EU-school Valuation"
    },
    {
      "id": "doug",
      "label": "Doug O'Laughlin",
      "org": "Fabricated Knowledge / SemiAnalysis President",
      "ring": "inner",
      "score": 38,
      "layer": "约束",
      "subdomain": "资本与建厂",
      "tier_T": "T3-T4",
      "tier_S": "S2-S3",
      "tier_C": "C2",
      "tagline": "capital cycle 应用到 semicap",
      "bias": "post-merger Dylan governance entanglement",
      "framework": "Capital Cycle Theory → Semiconductor Capex"
    },
    {
      "id": "nam",
      "label": "Nam Hyung Kim",
      "org": "Arete Research",
      "ring": "outer",
      "score": 37,
      "layer": "动态",
      "subdomain": "技术路线 (memory)",
      "tier_T": "T3-T4",
      "tier_S": "S3",
      "tier_C": "C2-C3",
      "tagline": "Korean ex-fab 25年9周期",
      "bias": "SK Hynix-positive (ex-engineer affinity)",
      "framework": "Korean-language Insider Channel + ex-fab Engineering"
    },
    {
      "id": "modakang",
      "label": "莫大康",
      "org": "求是缘半导体联盟",
      "ring": "outer",
      "score": 33,
      "layer": "动态",
      "subdomain": "技术路线 (China)",
      "tier_T": "T3",
      "tier_S": "S2-S3",
      "tier_C": "C3+",
      "tagline": "60+年中国体制内活档案",
      "bias": "China-stack realist (反全方位国产化叙事)",
      "framework": "中国体制内 60-Year Lived Archive"
    },
    {
      "id": "gerstner",
      "label": "Brad Gerstner",
      "org": "Altimeter Capital / BG2 Pod",
      "ring": "outer",
      "score": 37,
      "layer": "动态",
      "subdomain": "客户与需求",
      "tier_T": "T2-T3",
      "tier_S": "S1-S2",
      "tier_C": "C2",
      "tagline": "Mag7 longs + BG2 hyperscaler CFO access",
      "bias": "Mag7-positive ecosystem capture",
      "framework": "Demand-pull + Hyperscaler CFO 1-on-1"
    },
    {
      "id": "charlie",
      "label": "Charlie Demerjian",
      "org": "SemiAccurate",
      "ring": "outer",
      "score": 33,
      "layer": "动态",
      "subdomain": "技术路线 (反引力)",
      "tier_T": "T3-T4",
      "tier_S": "S2-S3",
      "tier_C": "C2-C3",
      "tagline": "anti-NVDA + anti-Intel 反引力",
      "bias": "sole reverse-gravity in graph",
      "framework": "Adversarial Anti-Narrative Source Journalism"
    },
    {
      "id": "chancellor",
      "label": "Edward Chancellor",
      "org": "Reuters Breakingviews / ex-GMO",
      "ring": "bridge",
      "score": 28,
      "layer": "元认知",
      "subdomain": "认知偏差识别",
      "tier_T": "T0-T1",
      "tier_S": "S0",
      "tier_C": "C3+",
      "tagline": "200 年 capex bubble 模式识别",
      "bias": "permabear school",
      "framework": "Capital Cycle Theory + Bubble Historiography",
      "bridge_score_max": 30
    },
    {
      "id": "damodaran",
      "label": "Aswath Damodaran",
      "org": "NYU Stern",
      "ring": "bridge",
      "score": 44,
      "layer": "元认知",
      "subdomain": "概率与情景",
      "tier_T": "T1",
      "tier_S": "S0-S1",
      "tier_C": "C3 observer",
      "tagline": "narrative-numbers bridge + 2025-end NVDA 清仓",
      "bias": "academic framework normative (no semis hardware)",
      "framework": "Story → Drivers → Numbers + Corporate Life Cycle"
    },
    {
      "id": "miller",
      "label": "Chris Miller",
      "org": "Fletcher (Tufts) / AEI / Greenmantle",
      "ring": "bridge",
      "score": 37,
      "layer": "约束",
      "subdomain": "制度与地缘",
      "tier_T": "T2",
      "tier_S": "S2",
      "tier_C": "C3 historian",
      "tagline": "不分析公司，分析'国家技术体系冠军'",
      "bias": "US-centric geopolitical lens",
      "framework": "State-as-Unit Historical Strategic Analysis",
      "reclassified": "Phase 3 outer → bridge"
    }
  ],
  "edges": [
    {"source": "dylan", "target": "stacy", "type": "高质量对手", "label": "供应链 primary vs 卖方 cycle decomp"},
    {"source": "dylan", "target": "niles", "type": "高质量对手", "label": "capex 反身性 bull vs 1999 phase skeptic"},
    {"source": "dylan", "target": "charlie", "type": "高质量对手", "label": "NVDA-positive vs anti-NVDA 反引力"},
    {"source": "dylan", "target": "doug", "type": "思维必然指向", "label": "logic+packaging → semicap capital cycle (post-merger)"},
    {"source": "dylan", "target": "jones", "type": "思维必然指向", "label": "T4 supply-chain → T5 wafer-physics floor"},
    {"source": "dylan", "target": "modakang", "type": "结构性缺位补全", "label": "美/台/日 → China parallel stack"},
    {"source": "dylan", "target": "nam", "type": "结构性缺位补全", "label": "logic-strong → Korean memory primary"},
    {"source": "stacy", "target": "ferragu", "type": "高质量对手", "label": "US cycle decomp vs EU power-law; ASML 同 ticker 对立"},
    {"source": "stacy", "target": "niles", "type": "高质量对手", "label": "sell-side bull vs PM bear-melt-up"},
    {"source": "stacy", "target": "damodaran", "type": "反复引用", "label": "cross-cycle median vs corp life cycle"},
    {"source": "niles", "target": "damodaran", "type": "反复引用", "label": "PM tactical + 学者 framework; 2025-Q4 同向 NVDA 清仓"},
    {"source": "niles", "target": "chancellor", "type": "跨层方法论类比", "label": "lived 1999 vs archival 200-year capex bubble"},
    {"source": "niles", "target": "gerstner", "type": "高质量对手", "label": "bear-melt-up PM vs Mag7-long PM"},
    {"source": "jones", "target": "doug", "type": "思维必然指向", "label": "wafer-level cost-modeling → fab capex cycle"},
    {"source": "jones", "target": "charlie", "type": "高质量对手", "label": "Intel 18A bull vs critic; Gelsinger 90-day validation"},
    {"source": "doug", "target": "chancellor", "type": "思维必然指向", "label": "应用者 → 显性方法论上游"},
    {"source": "damodaran", "target": "gerstner", "type": "高质量对手", "label": "学者 NVDA 清仓 vs PM 重申 long; 2025-Q1 跨方法论同期对立"},
    {"source": "damodaran", "target": "chancellor", "type": "跨层方法论类比", "label": "narrative-DCF vs capex-bubble historiography"},
    {"source": "miller", "target": "modakang", "type": "高质量对手", "label": "US 视角 vs 中国体制内视角"},
    {"source": "miller", "target": "chancellor", "type": "跨层方法论类比", "label": "国家技术体系历史 vs capex bubble 金融历史"},
    {"source": "charlie", "target": "doug", "type": "高质量对手", "label": "anti-NVDA/Intel 反引力 vs SemiAnalysis 内部 capex bull"},
    {"source": "nam", "target": "modakang", "type": "跨层方法论类比", "label": "韩 memory ex-fab vs 中国体制内; CXMT vs SK Hynix 镜像"},
    {"source": "gerstner", "target": "charlie", "type": "高质量对手", "label": "Mag7-long vs 反引力; DeepSeek 2025-01-27 同日对位"},
    {"source": "ferragu", "target": "damodaran", "type": "反复引用", "label": "卖方 power-law vs 学术 narrative-DCF"},
    {"source": "doug", "target": "stacy", "type": "反复引用", "label": "Capital cycle ↔ sell-side cycle decomp 同源不同应用"}
  ]
}