#ai-infrastructure

May 1, 2026

5 Weeks Later: The HBM Supercycle Reality Check

Five weeks after the original HBM supercycle thesis: 9 of 11 monitoring triggers fired bull, most by 3-4× the threshold. Microsoft attributed $25B of capex hike to memory inflation. Samsung memory profit +50× QoQ. Why I'm more nervous, not less — and updated stop-losses for all 10 stocks.

Apr 17, 2026

The Grid Bottleneck: AI Devoured All the Compute — But Who's Powering It?

Every 1GW data center needs $1-2B in grid upgrades. Transformer lead times 3+ years, transmission permitting 10-15 years. AI + EVs + reshoring hitting a 1970s-era grid simultaneously. Full teardown of 10 grid infrastructure stocks: ETN quality king, PWR backlog visibility, CEG scarcest asset.