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Editor’s Note: The headlines coming out of SpaceX’s earnings report focused on billions of dollars in AI spending. My colleague Eric Fry, a top global macro analyst for decades, paid much closer attention to the one thing Elon Musk said he couldn’t simply spend his way around. As Eric explains below, that single constraint could become one of the most profitable investment themes of AI’s next chapter.
If you’d like to see the complete picture, Eric also expands on these ideas in his free Market Shock presentation, where he shares several additional stocks he believes deserve investors’ attention.
The universe wasn’t supposed to do this.
In 1998, astronomers made a discovery so surprising that it eventually earned three of them the Nobel Prize in Physics.
