Today's dispatch · Jul 1, 2026

The AI buildout, July 1: memory tightens, nuclear rips

HBM supply is the new chokepoint as Micron guides higher, the neocloud trade re-rates, and utilities keep pricing in a decade of datacenter demand.

Read → 2 min read

Markets

Snapshot

Top OKLO ▲8.94%

Liquid cooling and the metals that wire a datacenter quietly outperformed as the market looked past the GPU to everything around it.

compute cooling materials datacenters

A strong print from the GPU-cloud operators reframed the debate from 'is there demand' to 'is there enough power and capital to meet it.'

compute neoclouds energy macro

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