How to get filthy rich from investing in Physical AI: Almost everyone, even in AI, is underestimating how big Physical AI will be. I think AI with a physical embodiment will eventually do the majority of tasks humans currently do in the physical world AND multiply how much physical work we can produce. It might sound crazy today, but I very clearly see a $100T+ economy here. Contrary to what many people in the field believe, I think a majority of the compute will very clearly live in the cloud, NOT be on-device. Some compute might stay on-device: safety, control, privacy, instant reactions. But the majority of advanced intelligence will live in datacenters. Compute benefits massively from scale. Datacenters are gigantic physical systems specifically optimized around power, cooling, networking and utilization. One pool of compute can serve thousands or millions of devices. On-device compute is the exact opposite: expensive compute dedicated to a single machine, constrained by size, power and cooling. It will never compete with dedicated datacenters on raw compute or cost efficiency. Physical AI therefore doesn't reduce the cloud inference opportunity. It makes it much, much bigger. $NVDA $NBIS $CRWV $MSFT $AMZN $META $GOOGL $ORCL $TSM $DRAM $SKHY $MU $SNDK will all LOVE Physical AI scaling. The way to play Physical AI is simple: you stay long almost exactly the same AI infra names, because it's the same companies powering it. I do believe there will be a few direct physical infra providers like $OUST that will win certain parts of the BOM and have explosive upside potential through technical moats, IP and the purely explosive growth they can face. But other than that, I think many of the providers will be in a very competitive, low-margin, low-moat battle to be built into these manufacturing processes. I think many will be bad investments. Staying long the compute behind it is simple, sexy and will simply work.