No. of Recommendations: 8
I like Jordi but you aren't likely to get a bunch of people on the Berkshire board to watch an entire 40 minute video hoping they get to something that applies to Berkshire.
Cliffs notes of Jordi's views are that
the AI arms race will require an absurd amount of electricity
(link to BRK energy's latest report, including data center demand outlook)
https://www.brkenergy.com/content/published/api/v1...Re-shoring manufacturing and data center demand will need a lot of W&W/afco steel's big ass buildings
https://www.wwafcosteel.comUnited States PMI's (an economic survey - "soft data" - but considered a good gauge of domestic new orders or manufacturing activity), which have been persistently negative (below 50) will start to inflect higher with a boom in AI investment, electricity investment, re-shoring of manufacturing and the 100% bonus depreciation for domestic investment. Jordi likes all kinds of investments that historically correlate with resurgent PMI numbers - economically sensitive stuff. Think the hardware and electrical infrastructure that will be necessary to enable all these planned AI data center investments.
Jordi is bullish, they are going to "run it hot," don't fade the rallies and become overly bearish.
It's all good for Berkshire, a large US-focused conglomerate with an enormous utility arm and a big appetite for capital investment and bonus depreciation tax appetite.
Beats me but Jordi isn't dumb so...
