James Altucher:

THE $1 QUADRILLION PATENT

Let me start with an unsexy truth: The AI race will NOT be won by whoever has the smartest model. Models are not the bottleneck. Chips are not the bottleneck either. Energy is.

You can build the most powerful artificial intelligence the world has ever seen. Give it a name and a personality. And it will sit there doing absolutely nothing – because you can't plug it in. That's where we are. Not five years from now. Right now.

Data centers already eat electricity like a small country. And AI adoption isn't slowing down. It's going vertical. The grid we have was not built for this. It was built for air conditioners and refrigerators and the occasional Christmas display.

Elon Musk has been chewing on this for years. And his answer is not "build more data centers in Texas." His answer is to move the compute into orbit. Solar energy in space is constant, brutal, and effectively free – the most efficient power environment human beings have ever had access to. And we are barely touching it.

The big takeaway here?

Elon believes this inevitable shift to space-based power feeding space-based AI could unleash $1 quadrillion in new wealth. That's $1,000,000,000,000,000.

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Davis Wilson:

13F(ollow The Money)

Want to trade alongside Wall Street’s biggest players? Thanks to Form 13F filings, you can.

Here’s the deal: any hedge fund or investment manager with more than $100 million under management is required by the SEC to file a “13F” once a quarter. These filings reveal their stock holdings – essentially giving you a peek into the portfolios of the world’s best investors.

James Altucher once called 13Fs a “cheat code” for individual investors because they let you see exactly what the billionaires on Wall Street are buying and selling.

Now, it’s not exactly a crystal ball. There’s a 45-day delay so you’re still looking slightly in the rearview mirror. But the insights are still incredibly valuable.

The latest round of 13Fs hit just a few days ago. Translation: we now know what the smart money was buying last quarter. Click the link below to dive into the latest filings – including those from Greg Abel’s Berkshire Hathaway and Bill Ackman’s Pershing Square – and see where the smartest money on Wall Street is placing its bets.

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Greg Guenthner:

Nvidia Earnings Don’t Matter This Time

Currently, option traders are betting that Nvidia’s (NASDAQ: NVDA) market cap could rise or fall by $355 billion based on earnings. Nvidia's current market cap is $5.3 trillion. The stock is up 18% so far this year, compared to the S&P 500, which is up 7%.

Nvidia has signaled to Wall St. what investors should expect from earnings. It has forecast the figure for the quarter to be announced today at $78 billion, plus or minus 2%. And it said investors should assume that revenue from China will not be included in the calculation.

Investors may also use the revenue from the previous quarter as a guide. It rose 73% year over year to $68.1 billion.

Investors should not read too much into Nvidia's new numbers. The AI industry is in a state of flux that Nvidia cannot control. Delays in data center construction are beyond its control. The pace of success of products from companies such as OpenAI and Microsoft (NASDAQ: MSFT) can’t be calculated.

All of this is to say, Nvidia could have a slow quarter that immediately picks up for the rest of the year. It would have a home run quarter that slows for the rest of 2026. The AI market is not fickle, but advances are uneven.

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