Semis , power , all has one thing they cannot do without. Silver and copper.
The "Munificent 7": Why Energy Stocks Are the Best Way to Play the AI Build-Out, Says Former Goldman Strategist
The energy requirements of AI stocks are so immense, commodity markets are struggling to accommodate. Capital should be flowing away from the companies desperate for commodities and towards those who have them, argues commodity strategist Jeff Currie.The Mag7 MAGS stocks, plus Oracle , will spend $820 billion on capital expenditure in 2026. Almost half of that investment piles into commodities, as the buildout of AI architecture is so heavily energy-intensive that Amazon alone consumes more primary energy on a daily basis than most countries in OPEC.What one strategist argues, therefore, is that investors should plow capital into the energy stocks providing the raw materials that technology stocks desperately require to grow.Jeff Currie, economist and senior advisor at Carlyle Group, has a distinguished CV as former chief commodities strategist at Goldman Sachs. He's credited with calling not just the spike in oil prices that helped precipitate the global financial crisis of 2007-2009
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