America has bet everything on winning artificial intelligence, but it’s China who has cornered the four technologies that are necessary to convert electricity into profitable outcomes.
These include lithium-ion batteries, magnets and electric motors, power electronics, and embedded compute.
It’s the whole electric stack, if you will. And the cost of this stack has fallen 99% since 1990. China makes 75% of the world’s lithium-ion batteries and 90% of its neodymium magnets, which means it controls the means of production for EVs and robotics.
Why does that matter for an AI investor in May 2026?
Because it explains why the AI trade keeps grinding higher even as Main Street bleeds out.
