Bryce
👤 SpeakerAppearances Over Time
Podcast Appearances
So there's huge spending there.
A lot of critical minerals needed for...
weapons systems, and the Americans are fast realizing that China is a choke point for a lot of those critical minerals.
So that has been one.
And then we get to the AI infrastructure story.
Now the hyperscalers in 2026 are going to spend
I think we're at about 700 billion is now the latest estimate in terms of just building data centers.
Everything is a constraint now.
Critical minerals, electricity, people to build it, land, GPUs themselves.
Everything is a constraint.
The only thing that's not a constraint is the amount of cash these companies have.
So critical minerals has become a choke point there as well.
And so all of that
Unsurprisingly for everything I just said, and the story has continued, gold and silver have taken a bit of a break.
But, you know, recently we saw copper hit a new all time high.
Lithium has had a good year.
Just keeps playing out.
Yeah, the GlobalX AI infrastructure ETF.
Oh, yeah.
Yeah.