Power is the BIGGEST constraint in the entire AI buildout right now. Morgan Stanley estimates that US data centers could require roughly 160 GW of power by 2029, but even after accounting for data centers under construction, additional utility grid access, behind the meter generation, and potential nuclear capacity, there could STILL be a 76.5 GW power shortfall. Think about how INSANE that is. We're talking about nearly HALF of projected US data center power demand potentially going unmet and here's why this matters so much. We can manufacture more GPUs, build better AI models, and raise hundreds of billions of dollars to finance new infrastructure. But none of that matters if you can't actually power the data centers. Electricity isn't something you can simply scale overnight. Building new transmission infrastructure, expanding grid capacity, securing interconnection agreements, and developing new power generation can take YEARS. And with AI workloads becoming increasingly compute intensive, demand for electricity is only going to accelerate as inference, autonomous agents, robotics, and physical AI continue scaling. This is exactly why I think POWER is becoming one of the most valuable assets in the entire AI ecosystem. And I think @elonmusk understands this better than almost anyone and it's also why I remain so bullish on neoclouds like $NBIS, $IREN, $SPCX. These companies are becoming incredibly important because they're helping solve one of the biggest bottlenecks in the AI industry turning massive demand for compute into actual operational capacity. The companies that can secure large amounts of power, develop data center campuses, deploy GPUs, and get that infrastructure operational FAST are going to have an enormous competitive advantage. And as power becomes increasingly scarce, the value of existing infrastructure with secured electricity and grid access could become significantly more valuable. You can't have an AI revolution without compute, and you can't have compute without POWER. If you want to see how I’m investing around the AI power bottleneck and the infrastructure companies I think benefit most, check out my portfolio below.