Jordi Visser

I have said before, and I will continue to say that I believe what is happening right now is that we are entering a world where all companies, all enterprises, all mega cap stocks are

are going to have trouble dealing with artificial intelligence, and it's the rise of the entrepreneurs, and it is basically a slow-moving problem for all of the bigger companies.

Now, they will be at a point where they'll be replacing employees, but what we're seeing with the hyperscalers and what I want people to understand, we've already run into a capacity problem.

We can't run as much code as we want to run because there's no cloud for it, which means these businesses are going to be forced to buy their own AI factories, which is what Jensen Yuan has talked about.

When you buy your own factory, meaning you're making your own tokens, well, great, now you're going to be capexing.

This is going to be a very challenging thing to get through this.

I think we're at the inflection point, but the only way it works, and it's a race for getting the physical side.

Hardware should be bought, anything that needs to create compute.

And that goes farther than just semiconductors.

It goes farther than silver, farther than copper, because you're getting into the energy side.

And that's one of the reasons why oil went higher.

And you're going to start to hear me talking more about it.

The cost or input of silver back in, in fact, you probably haven't heard this, but this will be on the video.

In 2019, silver's percentage cost for solar was 3%.

It's now up over 30.

So that means that solar is getting more expensive and the cost or the input cost is becoming more silver heavy.

Now, silver could easily go up another three, four times from where it is because of the fact that we don't have enough supply and it's needed in the military and it's needed for the data centers and the phones and everything else.

So you're starting to get into the world where it has an impact on solar production, which has an impact on power production.

We have gas turbine shortages.

This is one of the reasons why eventually it trickles down to oil, it trickles down to aluminum, it trickles down to everything because we're looking for replacements for everything.