⚡ The AI trade is becoming a power rights trade.

Oil backed off Tuesday. Treasury yields eased. Tech rallied. Nvidia reports tonight.But the most interesting capital allocation story has almost nothing to do with Nvidia’s stock price.🏗️ nVent is buying data center power infrastructure company Maverick Power for $1.75 billion, with another potential $550 million tied to performance.⚡ Texas has nearly 2,000 requests waiting for energization in the ERCOT queue, approximately 90 percent tied to data centers, representing more than 466,000 MW of requested demand. The state has paused approvals for data center grid connections while it audits what is real.🏠 New home sales fell sharply in July while inventory climbed to 9.6 months of supply.💰 Commercial lenders are still widening spreads even when Treasury yields fall, which means lower benchmark rates do NOT automatically create cheaper capital.🌏 GIC and Macquarie are backing purpose built data centers leased long term to Anthropic. That is what institutional AI infrastructure begins to look like: sophisticated equity, identifiable offtake, long duration revenue, and actual bankability.₿ Bitcoin pushed above $81,000 before retreating, while institutional ETF inflows and stablecoin liquidity continued growing.📊 And this morning we get PCE inflation, the second estimate of Q2 GDP, corporate profits, durable goods, and then Nvidia after the bell.My hot take: GPUs are becoming easier to source than permissioned power.Family offices, sovereign investors, lenders, and developers should stop asking, “How many megawatts does the project want?”Ask instead:How many megawatts are contractually deliverable?On what date?Under what curtailment provisions?Who is obligated to pay for them?That is the difference between a data center and a very expensive piece of dirt with a rendering.Today on GRO MONEY NEWS: markets, rates, housing, infrastructure M&A, sovereign capital, AI power constraints, crypto liquidity, tax law, and what actually makes a project bankable. Listen, share, and tag someone who is underwriting AI infrastructure before the power contract shows up.Until tomorrow, be the best human you can be.~ Teresa Grobecker⁠Sign up for the daily newsletter on LinkedIn.⁠Read on LinkedIn https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=7354236980961886208Listen to GRO MONEY NEWS https://podcasts.apple.com/us/podcast/gro-money-news/id1833953369GRO 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.