The first phase of the AI trade rewarded broad calls: “Buy power!” “Sell software!” The next phase will require much more discrimination across business models, capital structures, and industries.
Data center spending has become such a force that it’s no longer simply a tech story—it’s headline news. But how protected are investors from dotcom-style setbacks?
The defense sector is undergoing a structural realignment, catalyzed by geopolitical volatility, technological disruption, and shifting transatlantic security dynamics.