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AI Infrastructure & Compute

AI compute buildout remains resilient despite periodic capital expenditure anxiety, with hyperscalers and key infrastructure partners securing long-term power and hardware capacity.

• NVIDIA ($NVDA): Delivered a monster Q2 with $96.2B revenue (+106% YoY) and guided Q3 to $108B, with next-year growth protected by a 70% floor.
• Palantir & Nebius ($PLTR, $NBIS): Partnered to make Nebius the preferred sovereign AI infrastructure partner, integrating compute directly inside Palantir's enterprise perimeter.
• Broadcom ($AVGO): Crushed earnings with 2027 AI revenue estimates tracking toward $115B and potential EPS scaling to $30-$50 by FY28.

Power & Energy Transition

Rising power demands for data centers continue to drive utility and energy interest, though broader geopolitical tensions push crude higher.

• Vistra ($VST): Compelling at $138 (down 15% YTD) with multi-gigawatt deals signed with AWS and Meta; base target $185.
• Bloom Energy ($BE): Added to the S&P 500 alongside heavy insider and institutional option allocations.

Software & Consumer Shifts

Sector rotation favors software dips while consumer-facing retailers grapple with a stretched macro environment.

• Grab Holdings ($GRAB): Bullish setup following the Atome acquisition, targeting a 30% revenue CAGR and buying back 10% of shares.
• Walmart ($WMT): Noted stretched consumer behavior and slowing US sales growth to 2.6%, missing Q3 estimates.