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Cathie Wood, a lady who knows a thing or two about where the money is going (or, at least, where she thinks it is), predicts that spending on AI infrastructure will balloon from around $500 billion to a rather astonishing $1.4 trillion by 2030. That’s a lot of servers, a lot of power consumption, and a lot of very clever people scratching their heads. What’s particularly interesting is where she sees the spending going. It’s not just about raw computing power, you see. She reckons the growth in networking components – the stuff that actually moves the data – will outpace it, and that these specialized AI chips, known as ASICs, will start to eat into the market share of those familiar graphics processing units (GPUs) everyone’s been hearing about. It’s like a digital game of chess, only with billions of dollars at stake.

That leaves Advanced Micro Devices, AMD, slithering in the undergrowth. For years, they were the scrappy underdog, the company perpetually “about to” make a move. A lot of hot air and broken promises. But something’s shifted. The air smells different. I’ve been watching this play out for a long time, and I’m starting to think this isn’t just incremental progress. This is… a metamorphosis. They’re not just building chips anymore; they’re building an alternative. A goddamn REBELLION.

The reasons for this descent are, naturally, complicated. One suspects the hand of fate, or perhaps a particularly mischievous imp residing within the Federal Reserve’s vaults. But the official explanations involve policies emanating from the White House – pronouncements about Greenland, threats whispered like curses, and a fondness for tax cuts that appear to have been conceived in a fever dream. These policies, you see, frighten capital. It scurries away, seeking refuge in things solid and unchanging, like gold – a metal burdened with the weight of centuries and the anxieties of kings. And so, the dollar weakens, a slow leak in the treasury’s hull.

We shall now consider two such specimens, firms that have performed rather handsomely of late and, dare one say, might continue to do so. It’s not a guarantee, mind you; the stock market is a fickle mistress, prone to whims and sudden changes of heart. But they seem, at the moment, to be on rather solid footing.

Then the hangover hit. Late 2025 brought whispers of a slowdown, the usual Wall Street paranoia. The stock retreated, finishing the year with a still-respectable 79% increase, but the momentum faltered. But now, NOW, Nvidia (NVDA 0.72%) just dropped a bomb. A two-billion-dollar investment. Two. Billion. Dollars. Suddenly, the tremors stopped. And we’re back in business. Is CoreWeave a buy? Let’s try to piece together what’s happening before the whole thing implodes.

This fund, in essence, is a vehicle built around another: Strategy (MSTR +4.55%). A company that dabbles in analytics, yes, but primarily identifies itself as a custodian of Bitcoin. A curious specialization, and one that attracts a particular sort of investor. The ETF doesn’t directly hold shares of Strategy; it navigates the complexities of options, attempting to capture income from the stock’s fluctuations. It’s a delicate dance, and the fund is forthright in acknowledging that substantial gains in the underlying asset will be… curtailed. One imagines the fund manager, a man perhaps with thinning hair and a permanent air of resignation, calculating the probabilities. It’s not about making money, it seems, but about managing expectations.

This fund, unlike others that cast a wide net, focuses its energies upon the realm of information technology – a sector increasingly interwoven with the very fabric of modern existence. Within it reside the artificers of artificial intelligence, those who, with each innovation, reshape the contours of possibility, and, inevitably, of profit. It is a curious thing, this relentless pursuit of novelty. Do we truly understand the consequences of our creations, or are we merely swept along by the tide of invention?

You see, while diligently scouring the investment universe for promising, yet overlooked, companies is all very well, it overlooks a rather fundamental point. It’s not merely what you put into a portfolio that matters, but – and this is crucial – what you deliberately don’t. (Think of it like building a spaceship. You can spend weeks perfecting the engine, but if you forget the oxygen supply, the entire endeavor becomes somewhat… pointless.) For those already possessing a reasonably diversified foundation of investments – through mutual funds, ETFs, or the sheer force of inertia – unnecessarily duplicating exposure is, frankly, a bit like trying to fit an extra universe into your pocket.