To The Moon

Wall Street has mispriced the AI boom. The big moneymakers for investors are infrastructure providers.The real bottleneck in the AI buildout is electricity, not computer chips.These companies control the transformers, cables and systems that power AI.Wall Street thinks the AI bottleneck is semiconductors. Wall Street also thought mortgage-backed securities were a good idea.The real bottleneck in the AI buildout is electricity. You can't run data centers on a power grid that's been held together with duct tape since the Eisenhower administration without the lights going out at inconvenient moments - like when you're training AI models or pitching your AI strategy to Wall Street.The American Society of Civil Engineers gave the U.S. electrical grid a D+ grade. These are professionals who grade collapsing bridges. Getting a D+ from these people is like getting a note from your oncologist that says "probably fine.". China approved 10 new nuclear reactors in April 2025 alone. China is buildi

WASHINGTON (AP) — The weeks since President Donald Trump returned to office have been a whirlwind of activity to show Americans that his administration is relentlessly pursuing his promisesWith a comp

The U.S. innovates, China iterates. That aphorism—or its less flattering version, “China imitates”—dominates many conversations about the relative strengths of the world’s largest and second-largest economies. The U.S., the narrative goes, sits on the technological frontier, creating groundbreaking products and services that chart the course of the world economy. China takes those ideas and builds on them, spitting out cheaper—and perhaps inferior—versions.In AI, that cliché seemed for years to be based in fact, as Chinese companies struggled to keep up with free-spending, talent-rich U.S. tech giants. But this January, a Chinese startup undercut that narrative.But DeepSeek is just one player in a vibrant Chinese AI sector to which many U.S. CEOs have been oblivious. Big Tech companies like Alibaba and ByteDance are releasing AI models that have beaten Western products on reasoning benchmarks. And a new wave of smaller “AI dragons” are putting China’s cheap and efficient AI to work in

DeepSeek's dramatic rise exposes the greatest risk facing Nvidia: that the intense demand for its advanced chips could wane.Nvidia's success as the computational arms dealer for the artificial-intelligence boom has made it a target for a host of rivals seeking to diminish its dominance. That list includes other chip makers and customers who are developing their own AI chips to reduce their spending. But few in the tech world saw a nimble Chinese AI model as a risk to Nvidia's business, even if t

In Elon Musk’s vision of human history, Donald Trump is the singularity. If Musk can propel Trump back to the White House, it will mark the moment that his own superintelligence merges with the most p

Shortages never last forever.