AI Trade Bottlenecks

The core setup is getting clearer. Money is still pouring into AI, but the easy part of the trade is gone, the bottlenecks are moving, and the market is getting more crowded just as rates and credit stress start to bite.AI capex and the new bottlenecksNVIDIA, memory, and compute becoming a marketSpaceX, Starlink, and the scale argumentCrowding risk in semis and techRates, inflation, and the consumerPrivate credit and liquidity pressureChina, policy, and why geopolitics still mattersWhat the market may rotate intoThis podcast was created with Podkey. Make your own at https://podkey.fm