If you want to see capitalism at its most feverish, forget crypto or meme stocks. The new mania has a more respectable name: AI Infrastructure. Data centers, mazes of silicon and cooling coils, are devouring every spare dollar, pound of copper and parcel of land they can find.
In a recent market note, Michael Cembalest, Chairman of Market and Investment Strategy at J.P. Morgan, drew parallels with the cult horror movie "The Blob.”
