Recently, I've been looking at electricity-related data. It's clear that the main growth in electricity usage in North America is coming from data centers. Europe is showing signs of shifting towards data centers as well, while the primary electricity usage in China, Asia-Pacific, India, and Africa is still dominated by industrial sectors. AI is no longer just a tech narrative; it's also an electricity narrative. When computing power becomes a national-level production factor, the stability, predictability, and security of electricity usage directly rise to the level of strategic importance. This is also why the U.S. has significantly increased its focus on nuclear power, SMR (Small Modular Reactors), and energy security in the past two years, elevating them to a strategic level. AI isn't just about buying more GPUs; it requires long-term, stable, and controllable baseload power to support it. Looking at a longer cycle, the future of tech competition may no longer be limited to chips, models, and algorithms but could further extend to competition in power structures, energy efficiency, and infrastructure. Whoever can provide the electricity behind computing power at lower marginal costs and higher stability is more likely to gain an advantage in the next phase. Currently keeping an eye on some low-market-cap 'electricity' stocks. @bitget VIP, lower fees, bigger perks