Right on cue, following the midterm election wipeout for the Republican Party as voters cited affordability and uncertainty over AI development, the facts are getting belatedly delivered.
On Friday, the Washington Post, hardly a conservative mouthpiece, published an article looking at how data centers weren’t doing much to raise electricity prices at all.
That’s despite the political narrative the socialist wing of the Democratic Party used to gain control of Congress… “Stop Trump!” “Halt data centers! They’re killing your power bill!”
We forecast the backlash in our February 2026 Grey Swan Bulletin, a full nine months ago, with Grey Swan contributor Zoltan Istvan going into full detail in that issue.
The backlash was so easy to see coming, we didn’t even include it in our list of meaningful grey swan events.
What remains to be tabulated is the ongoing cost of using AI itself. AI is the fastest-growing part of the economy and has the steepest deflation of any tech disruption we’ve ever studied:
Since the launch of ChatGPT in 2022, the costs of an AI query have dropped by over 90%. That’s with only 2% of the population using AI beyond increased speed of internet search.
If data center construction slows, these rapidly declining costs will simply allow many of today’s tech companies to focus (or refocus, in the case of the “Magnificent Seven” names) on cash flows. And that could take some of the recent fears right out of shares.
Luckily, over the weekend Nvidia (NVDA) CEO Jensen Huang admitted to having an extramarital affair with an alleged Chinese spy. The media has been having a field day with that bit of salacious gossip. Traders, too, used the excuse to lighten their Nvidia load… and take profits. Nvidia dropped 7% on the news.
Bringing the receipts this morning, Andrew shows you how to benefit from Huang’s sticky wicket.”
~ Addison
P.S. Wall Street is about to face a problem. Its biggest institutional investors may soon be allowed to buy a stock they’ve been effectively locked out of. That changes on November 10, when the company could join the Nasdaq and open the door to as much as $42 billion in institutional buying.
And if I’m right, getting in before that flood of money arrives could be the moneymaking opportunity of a lifetime. In fact, he believes this investment could turn $10,000 into $200,000 by 2028 — a potential 20-bagger.
I called the dot-com bust and the housing crisis before Wall Street caught on. Now I see another massive opportunity taking shape, and I don’t want you watching from the sidelines.
That’s why I just released a special presentation yesterday explaining exactly how to position yourself before tomorrow’s November 10 deadline.
Click here to see what I recommend in this replay here.
