AI’s energy demand is about to go vertical, and in many countries, the grids aren't ready.
China’s building 29 large nuclear reactors right now. The U.S. has none under construction. High costs, regulatory delays and market challenges hold us back, though advanced smaller reactors are emerging. Source: StockMarket.News
The circular AI economy...
$AMD giving OpenAI 10% of its stock (worth roughly $35bn pre-market) so OpenAI can buy 6 GW of AMD chips over the next few years. Stock up +27%. Source: Wasteland Capital @ecommerceshares
How much of the S&P 500 is AI related stocks?
JP Morgan has identified 41 "AI-Related" stocks. As this chart shows, they are now 45% of the S&P 500. Source: Bianco Research
Good chart by @GoldmanSachs on AI exposure by industry
Source: Goldman Sachs, @tanayj on X
What a chart...
Source: Brew Markets
OpenAI valuation soars to $500bn, topping Musk’s SpaceX
Current and former OpenAI employees sold ~$6.6bn of stock to investors at a $500bn valuation, boosting the US company’s price tag well past its previous $300bn level. Source: HolgerZ, Bloomberg
Amazing Blackstone report on the Picks and Shovels of AI
Source: Blackstone
AI is carrying the market:
Since ChatGPT’s launch in Nov 2022, AI-related stocks have delivered 181% gains in key names, while the rest of the S&P 500 has managed just 25%. More importantly, AI has powered 75% of total index returns, nearly 80% of earnings growth, and an incredible 90% of all capex growth. Without AI, the S&P’s rally would look far more modest. Source: StockMarket.news, JPAM
