Lana

Specifically, transmission lines, substations, transformers, and distribution networks.

the hardware that actually moves electricity around, and there's a lot more spending to come.

China's two biggest grid operators are expected to shell out about $144 billion this year, and that figure is set to grow through the end of the decade.

Those investment plans are effectively a standing order for electrical hardware, which has energized stocks like BTW, TBEA, and China XD Electric.

Like China, the US has a grid problem.

But unlike China, it's bumping up against hard limits on how much power it can produce.

So Alphabet's taking matters into its own hands, signing a deal last December to buy clean energy developer Intersect for nearly $5 billion.

If approved, it'll be the first time a major tech firm has fully folded the ability to build its own power generation sources into its core business.

Makes sense given just how energy-hungry data centers are.

That's it for today.

I'm Lana.

I'll see you tomorrow.

Hey, I'm Lana with your daily brief for Tuesday, February 3rd.

Coming up, investors change their tune on precious metals, kicking gold and silver to the curb.

And Elon Musk wants to combine liftoffs with logins by merging SpaceX and XAI.

We'll also check in with Carl to get his answers to your burning questions.

More on the way, but first, a word from Guy at Finimize HQ.

After months of flirting with their safe haven status, investors suddenly got the ick from precious metals and started dumping both gold and silver.

Gold is normally seen as a safety net, but lately it's felt more like a trampoline.

After notching a record high last week, the metals now tumbled 16 percent.