AI and Energy in the Driver’s Seat — Valuation Dispersion, Yield Hunts, and the Rotation Between Growth and Income

This week’s Alpha Research flows from a market dominated by AI-driven semiconductors and data‑center demand, oil-price geopolitics lifting energy and midstream names, and widespread valuation divergence across sectors. Our digest synthesizes the week’s coverage, highlights cross-cutting signals, and sets a focused research agenda for the week ahead.