AI JUST BOUGHT THE SUBSTATION.

Broadcom reported $16.7 billion of AI semiconductor revenue in one quarter, up 221% from last year.At almost the same moment, Vertiv agreed to spend as much as $2.6 billion acquiring a company whose specialty is microgrids, onsite generation controls, switchgear, storage, and behind the meter power for data centers. That tells you where the AI bottleneck is moving.It is no longer enough to have chips.You need power by a date.CPP Investments also completed its $4 billion acquisition of Nordic data center operator atNorth with Equinix, giving Canadian pension capital control of an AI and high performance computing infrastructure platform backed by a roughly $4.1 billion financing package. Meanwhile, the Federal Reserve’s new Beige Book says residential construction is declining while nonresidential construction is increasingly concentrated around data center projects. Manufacturing contacts are also reporting strength from data center and defense demand. And the labor market is moving the other direction.Private employers added only 38,000 jobs in August, the weakest ADP reading since January. Manufacturing lost 17,000 jobs while construction added 12,000. The capital allocation conclusion is not complicated.The economy is slowing broadly while capital is concentrating narrowly around strategic infrastructure.That is where investors should be paying attention.Today’s GRO Money News breaks down why time to power is becoming an asset class, what makes an AI infrastructure project truly bankable, why Shell just completed a $16.5 billion energy acquisition, how one Orlando office building lost roughly 74% of its prior sale value, and the tax rule payment platforms need to understand around Form 1099 K.The hot sales idea today is equally simple.Take every project in your pipeline and add one metric:TIME TO REVENUE.Put an actual date beside power, permits, construction, tenant commencement, first rent, and permanent financing.Find the least certain date.That is your mandate.A gigawatt in a presentation is marketing.A megawatt with a delivery date is an asset.Until tomorrow, be the best human you can be.~ Teresa GrobeckerSign up for the daily newsletter on LinkedIn.Read on LinkedInListen to GRO MONEY NEWSGRO GROUP Brought to you by GRO Group—we are actively looking to place $5B of equity financing in 2026 for qualified Master Builders in major MSA territories. We offer multiple financing options, including up to 100% for developments, data centers, and solar projects.Teresa Grobecker, MBA, CRPC, is an investment banker specializing in capital formation and structured finance, bonds and REITs, data centers, AI, solar, ground up development and conversions, and is a global speaker on blockchain, stablecoins and payment rails with a focus on CRE and public policy.GRO MONEY PODcast and the accompanying newsletter are provided for informational and educational purposes only and do not constitute financial, investment, legal, tax, or accounting advice. Nothing herein is an offer to sell or a solicitation of an offer to buy any security or to participate in any investment strategy. Reliance upon any information provided is at your sole discretion and risk. Views expressed are those of the authors as of the publication date and may change without notice. While sources are believed to be reliable, no representation or warranty is made as to accuracy, completeness, or timeliness, and no duty to update is assumed. Past performance is not indicative of future results. Receipt of this content does not create a client, advisory, fiduciary, or brokerage relationship. You should consult your own licensed financial, legal, and tax advisers regarding your specific circumstances. Grobecker Holland International, its affiliates including GRO GROUP, and their principals may hold positions or have business relationships related to companies or assets discussed.(c) 2026 Grobecker Holland International, INC. All rights reserved.