Chips are just piles of silicon without the trillions of electrons needed to activate them.
The market is sending clear signals in the AI trade right now: Don’t overdo it.
While the entire AI space got a relief rally yesterday, it’s still important that investors recognize where we are in the space.
Chip demand is real. But after a big surge higher in chip stocks, they’re no longer a one-way lotto ticket to riches. Just ask shareholders of Advanced Micro Devices (AMD), Intel (INTC) or investors in South Korea’s KOPSI how they’ve fared in recent weeks.
The hyperscalers are figuring it out. As we noted yesterday, Meta Platforms (META) got punished for its still-growing AI spend. But Microsoft (MSFT) was rewarded for capping its AI spending and maintaining its cash flow guidance with a monster 15% jump.
The real issue in AI right now is energy. Without power, the chip story doesn’t matter. Energy demand is soaring:
Soaring power demand for AI tools has been met with shifted resources from crypto mining for now, but more power will still be needed. (Source: The Wave Analyst)
The current AI acceleration has tremendously benefited from one corner of the market: crypto mining operations.
Bitcoin mining consumes 1% of the world’s energy. But bitcoin mining companies have been building data centers in locations with cheap, abundant power. In an effort to keep costs low, miners have been taking marginal or even stranded, unused power sources and giving them a purpose.
With crypto in the fourth year of its boom-and-bust cycle, cheap-energy purveyors have shifted toward supplying energy to AI companies. And in turn, these operations have a steady revenue stream rather than the far more cyclical revenue from crypto mining.
The energy demand investment thesis is all-inclusive – everything from the energy needs of commodities production to high-end AI data centers. President Donald Trump has made energy dominance a matter of national security. His family assets are 100 behind the crypto revolution.
The biggest energy deals are being inked with former crypto mining operations, making them one of the safest places to invest in the AI space. For now.
Today’s Grey Swan Pro reveals a key player providing energy services to AI names right now. The company’s management team has inked some major deals worth more than their current market cap — details here.
~ Addison
P.S. Yesterday, Grey Swan Live! returned with Shad Marquitz, showcasing the latest developments in the resource space.
As always, Shad brings a wealth of research into the commodity space, specifically resource firms that fly well under Wall Street’s radar. Shad shared five companies that are well positioned for the next phase of the commodity boom.
And on Monday at 1 p.m. ET, we revealed a staggering opportunity we discovered after poring through President Trump’s financial disclosure released June 30, 2026.
The President, it turns out, has 114,750,000 shares of one stock tucked away in a private trust. A single company on the Nasdaq that could make him the richest man on the planet. And from our vantage point now, he’s steering national policy directly toward those very shares.
No sitting president, in 250 years of the American presidency, has ever – so transparently – piloted the West Wing into positive investment gains. Until now.
We’ve got a special replay lined up for you in case you missed it here.
During the briefing, we addressed three critical topics…
FIRST, the mind-blowing technology behind Trump’s $1.1 billion investment, and why it could make him the richest man on the planet.
SECOND, why Trump built a mysterious “financial bunker” to protect his 114 million-plus shares. No sitting president has ever done anything so transparently before, and…
THIRD, the exact date that Trump’s shares could start booming. (Hint: we expect the share-price explosion to happen within a few hours of Monday’s briefing.)
