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Feb 12
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LONG
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Tom Mackenzie
Anchor, Bloomberg
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CEO Roland Busch says "industrial demand is off the charts... huge backlog, in fact, for the build out of datacenters." While tech companies fight over chips, the physical infrastructure (electrification, cooling, building management) is the bottleneck. Siemens is a "pick and shovel" play on the physical construction of AI data centers. Long on infrastructure demand. Global industrial slowdown outside of the data center sector. |
Bloomberg Markets
Stocks Climb; Nuveen to Buy Schroders; Anthro...
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Feb 12
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—
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LONG
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Roland Busch
President and CEO, Siemens
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Siemens doubled US manufacturing capacity for data centers. "There might be shortages on power supply." The AI trade is moving from software to hardware/physics. As AI models hit the real world (factories, grid), the bottleneck shifts to power and cooling. Companies that provide the "pipes and infrastructure" (Physical AI) will outperform generic software. Long Industrial Infrastructure and Grid Equipment providers. CapEx cuts by Hyperscalers. |
Bloomberg Markets
Nuveen to Buy Schroders in £10B Deal | The Pu...
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