AI Bottlenecks and Market Breadth

The AI trade just got bigger, narrower, and more complicated at the same time. Dell's numbers lit up the tape, but the real story is what could choke the next leg higher: memory, power, permitting, and the cost of inference.Dell's blowout and what it signalsThe bottleneck moves from GPUs to memoryInference costs and token economicsAnthropic's financing arms raceA narrow rally with crowded leadershipSmall caps and rotation under the hoodOil, inflation, and the Fed complicationAI capex meets real-world limitsOther signals worth keeping on the boardThis podcast was created with Podkey. Make your own at https://podkey.fm