$INFRA - Energy infrastructure becoming a critical bottleneck for US innovation and data center growth, creating enormous opportunities for companies that can build and deliver power infrastructure.
$GEOTHERMAL - Advanced geothermal positioned as the most exciting energy opportunity in the US with baseload capabilities, declining costs, and existing skilled labor from oil/gas sector.
$DATACENTER - Clear visibility on massive data center demand through 2030 driven by the largest, most profitable companies with growing free cash flow.
$CHINA - China's manufacturing and robotics capabilities are unmatched globally with speed, scale, and supply chain advantages that create a competitive force the world is reckoning with.
Bearish:
$NUCLEAR - Nuclear power faces enormous economic challenges with uncertain costs, 10-15 year timelines to scale, and proven high costs from recent projects like Vogtle.
$EDTECH - EdTech has failed to deliver on 20 years of promises despite increased classroom adoption, with actual educational outcomes declining over that period.