Yesterday, I talked about something most investors are just starting to realize: The world is running out of power.
Not oil, data or electricity.
And that’s not a bearish signal. It’s one of the most bullish setups I’ve seen in years.
But today, I want to take it one step further.
Because the real issue isn’t just demand… it’s the system itself.
The Grid Problem Nobody Is Talking About
The electrical grid you rely on today was not built for what’s coming. It was built decades ago. Before AI and electric vehicles. Before data centers became some of the largest power consumers on the planet.
Much of the infrastructure in place today is 40 to 60 years old.
Transformers.
Transmission lines.
Substations.
All designed for a completely different level of demand.
Now layer in what’s happening today…
Artificial intelligence scaling rapidly.
Data centers expanding globally.
Factories becoming more automated.
Entire industries shifting to electric systems.
This isn’t incremental demand… This is exponential.
And the grid wasn’t built for exponential.
This Is Where the Opportunity Starts
Here’s what most investors get wrong.
They see AI and buy AI stocks. They see EVs and buy EV stocks. They chase the end product.
But history tells us something different.
During the gold rush, the miners made headlines—but the real money was made selling the picks and shovels.
That’s exactly what’s happening right now.
Because none of these technologies work without reliable electricity. And that means the real opportunity is in grid upgrades, power infrastructure, transmission and distribution systems, and critical electrical equipment.
That’s where the capital is flowing—and not in small amounts.
We’re talking trillions of dollars over the next decade..
The Bottleneck Is Becoming the Opportunity
When multiple megatrends converge on one system, that system becomes the bottleneck—and bottlenecks create opportunity.
Right now, everything is converging on the grid: AI, EVs, industrial reshoring, the energy transition, and even defense systems.
All of it requires power, and demand is accelerating faster than supply.
That’s why you’re seeing utilities increasing capital spending, lead times for equipment stretching, and companies beginning to compete for access to electricity.
This is what the early stages of a major infrastructure cycle look like.
What Comes Next
I’ve seen this pattern before—in the internet buildout, the smartphone revolution, and even the early days of AI.
The biggest opportunities didn’t come after the trend was obvious; they came before the infrastructure caught up.
That’s where we are right now: early, and still largely misunderstood.
Monday at 7pm ET, I’m going to break down exactly how I’m approaching this and the types of companies I believe are positioned right in the middle of this shift.
Because this isn’t just another trend. It’s the foundation of what’s coming next.
And the investors who understand that early are the ones who tend to benefit the most.
Here’s to the future,
Matt McCall
Founder, NXT Wave Research
