$BTC - Bitcoin showing resilience during geopolitical tensions and equity weakness, with institutional capital potentially returning.
$ENERGY - Energy infrastructure is the next major bottleneck for AI compute buildout, with gas turbines and power generation companies seeing inflecting revenues.
$DEFENSE - European defense spending set to increase dramatically with €800B commitment by 2030, creating sustained demand.
$NEAR - Near Protocol successfully pivoting to AI with credible founder, shipping actual products quickly, and becoming slightly deflationary from Intents revenue.
Bearish:
$MSFT - Microsoft failing to execute on AI beyond compute ownership, with core Office products potentially becoming obsolete in AI era.
$AMZN - Amazon's retail business threatened by AI agents ordering directly, reducing to just a commoditized compute business.
$INFOSYS - India's $300B IT outsourcing sector facing decimation from AI automation, with Leopold Aschenbrenner already shorting the largest player.