Utilities vs Nvidia: Why $5B of AI Chips Can Sit Unplugged | Stock Market

<p>See why AI's bottleneck moved from chips to power, land and grid access. With 438 GW of requests queued in Texas alone, who owns those scarce assets matters more than who buys the GPUs.</p><p><br /></p><p>Chapters</p><p>(0:00) Power Is the New Compute</p><p>(1:01) The Bottleneck Has Moved Upstream</p><p>(1:43) Collision of Constraints in Texas</p><p>(2:21) AI Physical-Economy Value Ladder</p><p>(4:23) The Bottleneck Has Moved Upstream</p><p>(5:28) Landlords and Equipment Optionality</p><p>(6:47) Collision of Constraints in Texas</p><p>(8:09) AI Physical-Economy Value Ladder</p><p>(9:28) Operating Generation Valuation</p><p>(10:45) Converters Arbitrage Gap</p><p>(11:59) Operating Generation Valuation</p><p>(13:00) AI Physical-Economy Value Ladder</p><p>(13:37) Converters Arbitrage Gap</p><p>(14:58) Capital Gravity: Builder Wins</p><p>(16:00) Bear Case: Losing Money in AI Boom</p><p>(17:19) Landlords and Equipment Optionality</p><p>(18:19) Converters Arbitrage Gap</p><p>(18:59) Operating Generation Valuation</p><p>(20:22) DeepValues Toolkit</p><p>(20:52) Get the free apps</p><p><br /></p><p>DeepValues toolkit</p><p>• Run the numbers on any stock yourself, free: <a href="https://app.deepvalues.ai/?ref=podcast&amp;src=why_utilities_win_the_ai_boom-en" rel="ugc noopener noreferrer" target="_blank">https://app.deepvalues.ai/?ref=podcast&amp;src=why_utilities_win_the_ai_boom-en</a></p><p>• Free Margin of Safety Weekly, every Saturday (guru moves, market temperature, the week's research; no account needed): <a href="https://app.deepvalues.ai/letter?src=spotify&amp;ref=why_utilities_win_the_ai_boom" rel="ugc noopener noreferrer" target="_blank">https://app.deepvalues.ai/letter?src=spotify&amp;ref=why_utilities_win_the_ai_boom</a></p><p>• Is the market overvalued? Track it with Buffett Indicator (iOS): <a href="https://apps.apple.com/us/app/buffett-indicator/id6747404614" rel="ugc noopener noreferrer" target="_blank">https://apps.apple.com/us/app/buffett-indicator/id6747404614</a></p><p>• The same market gauge on Android, Bubble Watch: <a href="https://play.google.com/store/apps/details?id=com.luluventures.buffett&amp;referrer=utm_source%3Dspotify%26utm_medium%3Ddescription%26utm_campaign%3Dmarket" rel="ugc noopener noreferrer" target="_blank">https://play.google.com/store/apps/details?id=com.luluventures.buffett&amp;referrer=utm_source%3Dspotify%26utm_medium%3Ddescription%26utm_campaign%3Dmarket</a></p><p>• Open-source research on 300+ companies: <a href="https: