To The Moon

Data Centers: AI's Golden Goose or the Next Political Lightning Rod? AI's physical backbone is being poured in concrete and copper at record speed. JPMorgan expects about $900 billion of global AI capital spending in 2026 alone, and $5.5 trillion by 2030. Nvidia's own forecast is $3–4 trillion of AI data center spending by 2030. The buildout is enormous, and it is now running into three walls at once: politics, power and investor skepticism. The power-bill backlash Virginia leads the country with 663 data centers, with Texas second at 405. Together they hold roughly 26% of all U.S. data centers. Most of the political heat comes from the PJM grid region, which covers Virginia, Ohio and Illinois. Home electricity prices there rose about 13% in Virginia, 16% in Illinois and 12% in Ohio over t

The AI data-centre trade had been one of the market’s biggest growth stories. But Thursday’s sharp selloff shows that investors are starting to look beyond the excitement around AI and focus on the risks of building the infrastructure behind it. Applied Digital, Cipher Mining, IREN and Nebius fell around 15%. Core Scientific dropped about 13%, while Galaxy Digital lost around 10%. CoreWeave also came under pressure. These are significant declines, but I think the bigger question is what is driving them. 1. Building data centres may become more difficult One concern is the changing political environment in the US. Following the midterm election results, investors are worried about tighter rules and greater scrutiny of new data-centre projects. Local communities are also raising concerns abo

After a sharp fall in oil prices on Wednesday, the market saw a small rebound on Thursday. At the same time, the US dollar edged higher as investors continued to assess the impact of the US midterm elections and the ongoing conflict involving Iran. At first glance, a 2% recovery in oil may not seem significant. But after crude prices dropped more than 8% in the previous session, it shows how quickly market sentiment can change. I think investors should pay attention to three important factors: oil prices, the US dollar and the upcoming jobs report. 1. Oil prices remain a major source of uncertainty Oil prices fell sharply after the Democrats’ strong election results raised hopes that tensions involving Iran could ease. However, the situation remains unresolved. Investors are still watching

The AI trade is facing another serious test. After Wednesday’s market rally, global stocks turned lower on Thursday as semiconductor shares suffered heavy losses. Qualcomm dropped around 9%, while the broader semiconductor sector came under strong selling pressure. According to Reuters, the Nasdaq fell around 5.2%, the S&P 500 lost 3.4%, and the Dow dropped 2.2%. The semiconductor index also plunged around 11%. This is more than a normal market pullback. Investors are starting to question whether the huge spending on AI infrastructure will deliver the returns that companies and markets are expecting. 1. Qualcomm’s results show that not every chip business is growing Qualcomm’s latest results highlighted weakness in its traditional smartphone business. Its handset division revenue fell

$Rocket Lab USA, Inc.(RKLB)$ commands a formidable position in dedicated small-to-medium launch and space systems. Its vertically integrated model spans launch services—anchored by the workhorse Electron rocket—and a rapidly expanding space systems division supplying solar cells, reaction wheels, and satellite components to commercial and defense constellations. The crown jewel of its near-term roadmap is Neutron, a medium-lift reusable rocket designed to capture lucrative mega-constellation deployment and national security contracts. While capital expenditures for Neutron development and launch site scaling keep the company operating at a net loss, its strong backlog, growing manufacturing footprint, and increasing launch cadence provide signifi

The recent sell-off has pushed several major tech stocks into technically oversold territory. Here are four charts worth watching: 📉 $Invesco QQQ(QQQ)$ — 200DMA Loss Changes the Picture Price decisively broke below the lower Bollinger Band. The last time this happened, the market went on to form a bottom. The key difference this time is the loss of the 200-day moving average. Does that make this sell-off different? That's the level of concern to watch. 🔻 $NVIDIA(NVDA)$ — Extreme Oversold Signal Nvidia has completely breached its lower Bollinger Band, with the entire candle trading outside the band. The last time this happened was April 4, 2025, one day before the market bottom. Be careful chasing shorts a