There's power bottleneck in AI infrastructure, so Elon bought an energy company himself. From APR Energy, behind-the-meter generation, and nuclear, everyone is trying to secure electricity for data centers.

We also cover rising DRAM, HBM, and NAND prices, and wonder if energy may be the next major AI infrastructure trade.

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🌌 LIMITLESS HQ ⬇️

NEWSLETTER: https://limitlessft.substack.com/
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SPOTIFY: https://open.spotify.com/show/5oV29YUL8AzzwXkxEXlRMQ
APPLE: https://podcasts.apple.com/us/podcast/limitless-podcast/id1813210890
RSS FEED: https://limitlessft.substack.com/

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TIMESTAMPS

0:00 AI Power Bottleneck
2:44 Energy Demand Explodes
4:12 Elon’s Permitting Loophole
7:23 Memory Trade Rotation
10:08 Korea’s Memory Shock
12:27 Electricity Becomes the Trade
14:51 Power Stack Layers
16:15 Bloom’s Portable Fix
17:35 GE Vernova Leads
19:29 Nuclear Gets Interesting
21:44 The Power Trade Thesis
22:44 Bullish on Electricity
24:09 Model Agnostic Demand
25:15 Short-Term and Space Power
26:00 Closing

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RESOURCES

Josh: https://x.com/JoshKale

Ejaaz: https://x.com/cryptopunk7213

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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures⁠

Josh works with Anthropic as a contractor. All views expressed are his own and do not represent Anthropic, its leadership, or its affiliates. Nothing in this episode is investment advice.