To The Moon

Every tech revolution follows a familiar pattern. Attention initially gravitates toward the infrastructure -- the foundational work necessary to enable progress, but not the ultimate prize.

The real breakthroughs come from the applications built on top of that infrastructure -- These are the accelerators that define an era.

During the dot-com boom, the focus was on establishing the backbone of connectivity through companies like $AT&T Inc(T)$ , $Verizon(VZ)$ , $IBM(IBM)$ , and $Cisco(CSCO)$ . While critical, they weren’t the era’s true crown jewels. Instead, it was $Amazon.com(AMZN)$ , $Microsoft(MSFT)$ , and $Alphabet(GOOGL)$ -- the companies that harnessed this infrastructure to deliver transformative applications -- that emerged as the definitive winners.

The first wave of AI in 2023 mirrored this pattern. GPUs, compute systems, and hardware firms built the foundation, laying the structural arteries for what comes next. But, just like with the internet revolution, the true accelerators will be the applications leveraging this groundwork.

Two clear winners have already emerged in this second stage of AI: $Palantir Technologies Inc.(PLTR)$ , leading in enterprise AI, and TSLA dominating real-world AI through autonomy. This next phase promises to be even more explosive than the first. Unlike the cyclical growth of hardware, this stage introduces a level of permanence -- a shift that could redefine the technological landscape for decades to come.

2025 will be the year of software -- let's see which names join Palantir and Tesla as the Stage 2 AI winners.

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