Feb. 12 at 8:45 AM
$PSTG $MU $WFC
The early phase of the AI boom was fueled by possibility. The current phase is being shaped by limitation. As AI systems move from development into mass deployment, the bottlenecks are no longer algorithms or interfaces—they are memory availability, storage capacity, energy consumption, and the physical ability to support nonstop inference workloads. This shift has profound implications for investors. Capital is flowing toward businesses that own real assets, operate at scale, and sit at unavoidable choke points in the AI ecosystem. These moves are not driven by excitement or speculation, but by a simple reality: AI cannot run without infrastructure, and infrastructure cannot be created quickly enough to meet demand.
Read the full newsletter to see why infrastructure owners are being repriced first—and how recognizing these patterns early can matter more than chasing the latest AI headline.
https://www.wizeinvesting.com/p/the-real-ai-trade-isn-t-software-it-s-infrastructure
