1. Mag 7 hyperscalers are trading at a discount to the S&P 500.

2. Robotics investment picking up.

Robotic startups raised $16.3 billion as robotics is crossing from experimentation into deployment, with defense procurement marketplaces and commercial robotics-as-a-service contracts.
New capital also raises the diligence bar. Investors no longer judge robotics companies on whether the technology works. They judge whether a company can manufacture at scale, win paying customers, and cut integration costs. That shift is moving capital toward industrial robotics, defense autonomy, and robotics software platforms. It is also raising harder questions for humanoid companies still leaning on demos, research buyers, and unproven paths to commercialization.
“Defense” and “industrial” together captured roughly 62% of the new capital.

3. AI is scaling three times faster than any IT wave.

4. AI is triggering inflation.

AI requires enormous amounts of high-bandwidth memory and advanced chips. Those same components are also used in smartphones, laptops, gaming consoles, automobiles, and countless other electronics. As AI companies absorb a growing share of the available supply, they aren't just increasing the cost of AI—they're putting upward pressure on prices across the broader electronics market.

5. A data center consumes 27,000 tonnes of copper.

Hundreds of AI data centers are being built around the world.

The AI revolution isn't just a software story. It's also commodities story.

Not a subscriber yet?