$INFRA - Electricity infrastructure is becoming a critical bottleneck for AI data centers, with power grid capacity constraining GPU deployment more than any other factor
$AITRADING - AI models in trading are profitable at scale despite only being marginally better than random, with accuracy around 50.1%
$ALTDATA - Alternative data becomes valuable at longer trading timescales, particularly for days-long strategies using SEC filings, news feeds, balance sheets, and broker reports
Bearish:
$LATENCY - The latency arbitrage game in trading is over, with no remaining edge in shortening network connections as the market has fully arbitraged speed advantages
$AILABS - Major AI labs are becoming increasingly secretive, with published papers being either stale or unimportant while cutting-edge work remains hidden
$CEFI - Crypto exchange infrastructure quality is poor, with exchanges operating like amateur JavaScript websites that fail to confirm order receipt