A little over a month ago, we introduced our subscribers to what we thought would be the "Next AI Trade", which - if it had be summarized in one word - was basically this: the "electrification" of the current AI trade, which includes everything from massive tech giants needed gigawatts of power to operate their operations, to Matrix-like battalions of data centers spread across the country and likewise needing a staggering amount of electricity.
The problem, however, as none other than Warren Buffett laid out in his latest annual letter is that "when the dust settles, America’s power needs and the consequent capital expenditure will be staggering", and sure enough all the power that will be needed in the coming decade as the "AI revolution" comes online (many more charts in the original report but here are just two stunners)...
