The agentic supercycle of AI is here. So what's going to happen next. Consumer agents are the new battleground in AI. Expect OAI and Anthropic to drop their Muse/Grokbot competitor in coming weeks. Let's not forget OAI bought OpenClaw. What happens? Hardware: Most direct beneficiaries are the CPU names, many far off ATH like $INTC, $ARM. Payments: I see $V $MA $Shop/Paypal/Stripe as winners of agentic commerce Booking Aggregators = Losers. Feels like travel sites are clear losers with margin compression and increased comparison shopping $BKNG $EXPE Consumer Intent Advertising: While ad platforms like $META and $APP will thrive with entertainment first ad consumption, there will be increased pressure on $GOOG search or aggregators that are increasingly margin dependent on ad revenue in app based on humans using their interfaces $TTD $CART $DASH $UBER