# AI infrastructure stocks — X 热门讨论 (2026-09-17 17:12 UTC)
## @FluxFinance_ (FluxFinance) · 09-16 02:00 · ♥81 ↻0 💬9 AI has a physical balance sheet.
Behind every model is compute.
Behind compute are data centers.
Behind data centers are power, land, cooling, networks, equipment — and enormous amounts of capital.
That is why the AI investment story is becoming broader than software and semiconductor stocks.
Its economic footprint increasingly reaches credit, infrastructure, energy and real assets.
The digital economy still has to be built in the physical world.
And where new infrastructure is built, capital usually follows.
#AI #Markets #CapitalFlows https://x.com/FluxFinance_/status/2100041986237764045
## @BambroughKevin (Kevin Bambrough) · 09-17 14:51 · ♥55 ↻8 💬3 Fighting the Fed?
In year 2000 the commentary on the bull market was all about not fighting the fed. Tech bulls abused the term to try to keep the party going when rate cuts started.
But the market was broken. The dotcoms, semis, telcos, software stocks etc. were entering a major profit recession post the huge investment / upgrade cycle required for y2k and the dawn of the internet.
I think we are entering a similar precarious time. Stock selection is paramount.
I believe the yield curve will soon invert. The talk of hiking rates until the 10 year is under 4% will soon be replaced with ‘we need rate cuts’, ‘please save us’.
The combo of current rates and inflation is going to choke economic growth right when we are also hitting an investment cycle peak in semis, ai and data center infrastructure. At the same time, ai related layoffs will continue to pile up and the road back to full employment will be extremely difficult. Robotics will also be changing the manufacturing and logistics distribution employment space in a rapid fashion.
So, when it comes to talk about fighting the fed or not… I believe there’s one thing that you shouldn’t fight them on. That’s US Gov bond pricing. They control the short end with rate policy and they will prove (if forced) that they can control the long end. They will buy back bonds and monetize as necessary ALL the bonds they need to get the long end down and refinance their own debt.
There’s piles of implications for this sort of yield curve control. I could write a book on it. But let’s just say, it’s going to be a tricky environment.
In the late 90’s, I decided to read the book ‘secrets of the temple’. It’s a long tortuous read but the key learning that comes through crystal clear is that the Fed will step in and print and bail as necessary when required. They will keep the financial system solvent and the government funded.
Through the 1970’s there was rapid swings from high double digit inflation to large deflationary drops. The market was all over the place and there was a great rotation in leadership.
We should expect similar trends over the next decade. The screaming about inflation will quickly flip to begging for Fed printing as deflationary bouts result in business failures and unemployment spikes. Wages will be forced higher still at times because of the cost of living increases. Get ready for tumultuous times.
The set for an energy and infrastructure bull market is perfect. So I expect commodities to out perform financials and the consumer sector.
It’s a common myth that Volker stopped the inflationary wave of the 70’s. Yes he tried to control money supply, limiting its growth and let the market determine interest rates to a large extent.
But, the inflation wave ended because of commodity investment and oversupply. In the end Volker caved to the banking sector and started the trend of printing and bailing to prevent mass banking failures.
I recently did some rough calcs with Ai and the bottom line is that inflation of around 75% in total over a 5 to 10 year period will likely see gdp rise enough to get the government debt back a reasonable level of debt to gdp. This would be driven by increasingly bond purchases such that the Fed buys of US Gov bonds and we can consider the debt they own to themselves extinguished.
I don’t see another way out of this mess and I’ve been thinking hard on the subject for about 30 years. The playbook is to not fight the Fed. But simply to predict there moves and the consequences. Realizing there’s no straight lines in the markets and just like that 1970’s we can have a few quarters of double digit inflation and then a quarter or two where prices drop double digits.
One key I’ve written a lot about is trying to judge asset prices and investment merits not based on the dollar price. But instead on relative values. Long short hedge funds will likely see a return to popularity… https://x.com/BambroughKevin/status/2100598505588871368
## @investmattallen (Matt Allen) · 09-17 15:45 · ♥36 ↻12 💬7 This $11 Stock Is the Next AI Giant https://x.com/investmattallen/status/2100612004859785287