So how do you get exposure to AI? Anthropic and OpenAI are still private. And when they IPO, you already know the entry price will be insane. So what now? Picks and shovels. Don't chase the gold rush. Sell the tools. What does AI need to run? Data centers. What do data centers need? Energy. Copper. Lots and lots of chips. The AI boom isn't just a software story. It's a massive, physical, real world infrastructure buildout. And those companies? Some of them are very much buyable today. You don't have to bet on who wins the AI race. Just bet on the road they all have to drive on.(Lark Davis)