All-In's 2026 Predictions

Bullish:

• $COPPER - Massive supply-demand imbalance with 70% shortage by 2040, critical for data centers, chips, and weapon systems in a unilateral national security world.

  • “the asset that is set up to go absolutely parabolic is copper”

    Chamath·34:57

  • “it is, at least as it stands today, the most useful, cheap, amenable, conductive material that we have. That material manifests in everything from our data centers to our chips to our weapon systems”

    Chamath·35:03

  • “we are on a path by 2040 where we will be short about 70% of the global supply at current course and speed”

    Chamath·35:25
• $AMZN - First company to achieve corporate singularity with more robots than humans driving bottom line, plus same-day delivery dominance creating massive competitive advantage.

  • “Amazon is gonna have a massive year”

    Jason·36:20

  • “they're essentially flat in terms of hiring humans, and they're surging in deploying robots”

    Jason·36:40

  • “they'll be the first corporate singularity, which is to say the first company to have more robots driving their bottom line than humans”

    Jason·36:53

  • “everything you order on Amazon comes within the same day”

    Jason·37:51
• $POLYMARKET - Evolving from prediction market to news source with NYSE deal and expected integrations with major exchanges, network effects accelerating.

  • “poly markets evolved from being kind of this one off quirky prediction market to actually really providing insights into current events and the news in a way that none of us anticipated”

    David·33:25

  • “I do think that prediction markets could become not just markets, but also news”

    David·33:49

  • “Polymarket's just in such a position to have a breakout year”

    David·33:54

  • “Polymarket's on a tear. Network effects, replacing media, replacing markets”

    David·1:03:48
• $INFRA - Accelerated depreciation creating massive infrastructure buildout with 100% year-one write-offs on capital equipment driving demand.

  • “There's now a 100% accelerated depreciation...for certain kinds of capital equipment because of the big beautiful bill”

    David·1:14:26

  • “It's creating a massive infrastructure build out in The US”

    David·1:14:55

  • “This is why Siemens stock is through the roof. All of this capital equipment, you get to write it off a 100% year one”

    David·1:14:50
• $HOOD - Rate cuts and economic tailwinds will give people extra cash for gambling and wagering, benefiting trading platforms.

  • “if we are in a rate cut environment and the tailwinds keep happening and people have a little bit of cash laying around, my pick for best performing asset will be the Robinhood Polymarket Prize picks, gambling, wagering”

    Jason·1:06:35

  • “People will be able to have a little cash around to make some bets”

    Jason·1:06:50

Bearish:

• $SAAS - Software industrial complex facing aggressive contraction as AI and new techniques eliminate 90% of maintenance and migration revenue.

  • “I will pick the software industrial complex. So these are the companies that sell licensed SaaS to the corporations of America”

    Chamath·43:03

  • “because of the advancement of these models and the advancement of these technological techniques that we are all uncovering, building agents, building systems, I think you're going to see that total economic opportunity shrink and contract aggressively”

    Chamath·43:52

  • “It's gonna impact SaaS companies, public SaaS companies particularly, quite severely in 2026”

    Chamath·44:50

  • “ServiceNow down 30%, Workday down 18%, DocuSign down 23%, Dropbox down 9%, and Box down 6%, while the S and P was up 17%”

    David·1:08:30
• $NFLX - Content creators avoiding Netflix due to poor economics (cost plus 10%), service being commoditized from all sides with deep content libraries.

  • “Netflix if they don't close the Warner Brother deal”

    David·1:12:41

  • “I've also heard directly from folks in Hollywood, the creators of new content, that people would prefer not to work with Netflix. They only pay creators cost plus 10% now”

    David·1:12:53

  • “as a creator, you're actually better off not doing deals with Netflix anymore, so their content library is gonna shrink”

    David·1:13:04

  • “Netflix's service is being challenged from all sides with deep content libraries, and I think we're seeing a great commoditization happening”

    David·1:12:45
• $OIL - Electrification and energy storage trends are unstoppable, shrinking oil's useful surface area with prices more likely to hit $45 than $65.

  • “I think a very poor performing asset will be hydrocarbons”

    Chamath·1:11:06

  • “the trend in oil is inexorable, and it's down”

    Chamath·1:11:12

  • “the trends on electrification and energy storage are just unstoppable. And so what that does is it shrinks the surface area of where oil is useful”

    Chamath·1:11:24

  • “does it see $65 or $45? And I would say on on a per barrel basis, I think it's more likely to see 45 than 65”

    Chamath·1:11:44