The 3 Big Shifts Rewiring AI (a mega-🧵)

Shift #1: Sovereign AI... A brand new, deep pocketed customer: People often compare today’s AI boom to the dot-com bubble, with Nvidia $NVDA as the Cisco Systems $CSCO of its day.

The big difference is that Cisco’s customers were debt-fueled dot-com startups with no revenue. Nvidia’s customers are the largest, most profitable companies in the world.

US big tech companies will spend over $300 billion building out their AI data centers this year. That was Phase 1.

Phase 2 is even bigger: Sovereign AI.

I had the pleasure of chatting with Louis Gave (@gave_vincent)--CEO of Hong Kong money manager Gavekal--in London recently.

Louis has been investing in China for almost 30 years. When it comes to REALLY understanding China, Louis is second to none.

Insights from our chat ⬇️🧵 Q: China is a huge country with 1.4 billion people. Millions of people visit the mainland each year. Every major news outlet has an office there. Why, then, is it such an enigma?

A: Because investors always look at China with a negative bias. Their emotions cloud the facts. China now makes the best cars in the world. That’s a fact, but stating it gets you accused of being a CCP (Chinese Communist Party) shill.

There's a big myth going around about solar and wind energy

Have you heard this "fact"?

Solar and wind are the cheapest forms of energy

Cheaper than oil, gas and #nuclear

Let's throughly debunk this myth

@quakes99 @ramez @NatBullard @globallithium @wolfejosh @DoombergT





Folks claiming solar and wind are the cheapest forms of energy use @Lazard bogus “Levelized Cost of Energy” LCOE metric

Here's a slide from its April 2023 LCOE report

Why are these numbers wrong?

#Nuclear plants power one in five American homes

Do you know where nearly half of their #uranium comes from?

It’s imported from Russia (14%) and its close ally, Kazakhstan (35%)

Here's how a little known Russian company has a chokehold on the #uranium market @quakes99 You can't just pull raw #uranium out of the ground and throw it into nuclear reactors

It must go through a few critical steps.

This is known as the fuel cycle...

MEGA THREAD for all the #uranium bulls and #nuclear non believers

Legendary director @TheOliverStone recently released @NuclearNowFilm

Here's the key takeaways, lessons, insights from the most important documentary of the last decade

@quakes99 @uraniuminsider @Yellowbull11 Did you know nuclear is the safest, cleanest energy source ever invented?

#Nuclear energy results in 99.9% fewer deaths than brown coal; 99.8% fewer than coal; 99.7% fewer than oil; and 97.6% fewer than gas.

The investment case for #uranium in 5 charts The contracting cycle

The most important factor for the uranium price, and for choosing the right time to invest… is the contracting cycle. Every contracting cycle in history has coincided with a huge spike in uranium prices.

Volumes on track for their best year in a decade