Episode
The AI Energy Stack: The Actual Industry Winners
- Podcast
- Limitless: An AI Podcast
- Published
- Jul 1, 2026
- Duration seconds
- 1957
- Processing state
not_requested- Canonical source
- https://share.transistor.fm/s/2bf798f6
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Summary
This is the long-awaited Energy Stack episode. The AI trade is shifting from GPUs to the power, wiring, and data center infrastructure needed to support them. Today, we cover Bloom Energy, optical networking companies like Lumentum and Corning, Marvell’s role in AI hardware, and neocloud providers such as Nebius, CoreWeave, and IREN. ------ 🌌 LIMITLESS HQ ⬇️ NEWSLETTER: https://limitlessft.substack.com/ FOLLOW ON X: https://x.com/LimitlessFT SPOTIFY: https://open.spotify.com/show/5oV29YUL8AzzwXkxEXlRMQ APPLE: https://podcasts.apple.com/us/podcast/limitless-podcast/id1813210890 RSS FEED: https://limitlessft.substack.com/ ------ TIMESTAMPS 0:00 GPU Bottleneck Shifts 0:37 Power Becomes the Constraint 3:15 Five-Year Grid Delays 5:47 Bloom’s Fast Energy Fix 9:54 Data Transfer Hits Limits 11:51 Light Replaces Copper 17:25 Power Delivery Gets Harder 18:22 Marvell Wins Power Design 20:35 Renting Compute at Scale 21:08 Nebius and NeoClouds 25:17 Compute Becomes an Asset 29:47 The Substrate Layer Ahead ------ RESOURCES Josh: https://x.com/JoshKale Ejaaz: https://x.com/cryptopunk7213 ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures Josh works with Anthropic as a contractor. All views expressed are his own and do not represent Anthropic, its leadership, or its affiliates. Nothing in this episode is investment advice.