It's no secret anymore:

American businesses are preparing to make unprecedented investments in computing power.

Over the past year, the size of planned computing clusters has soared from an estimated $10 billion to trillions.

Almost every quarter, analysts add a zero to the number. That's how fast things are moving.

Companies scrambled to sign long-term electricity contracts and acquire voltage transformers to support this huge industrial mobilization.

Experts predict that by 2030, U.S. electricity production will need to service hundreds of millions of GPUs spread across the country, from shale gas fields in Pennsylvania to solar farms in Nevada.

And, the problem is…

We may look back on this day and see it as a turning point…

Just like the launch of the Apple II in 1997 defined the era of personal computing, or the launch of the Sony Walkman in 1979 ushered in the era of portable music.

The Model T, Nintendo, the iPhone, and…

AiPhone

The big day this past week: WWDC24.

Apple, it's fighting hard to keep the title.

There is a great deal of anticipation and speculation each year. Some people even make their own bingo cards before the conference begins.

Will the event be shorter than 105 minutes? How many times will AI be mentioned? Will there be more applications on Vision Pro? Are you planning a collaboration with OpenAI?

This is one of four found on Twitter.

Certainly, we’re betting that AI will feature heavily at this year’s event.

And not just because it's WWDC.

The Boston Consulting Group recently predicted that 80% of the smartphone/PC market will be AI computers.

We are at the beginning of this trend – which is exactly where we want to be – and remain highly alert.

WWDC is where things start to get interesting.

On the eve of the event...

Some sources say Siri will soon have a better understanding of the context of people, places, and schedules. What might that look like?

Let’s say you ask, “What was that funny cat video John sent me last month?” Siri can search your messages, find the relevant video link, and say, “Here’s the cat video John sent you at 3:42 p.m. on Tuesday. Do you want me to play it for you?”

Or let's say you're in a hurry and ask, "Can I make it before the store closes?" Siri will crunch the numbers, look at traffic conditions and store hours, and give you a definitive answer.

These AI-powered upgrades could be the secret weapon that takes Siri from being a virtual assistant joke to a genuinely helpful assistant.

While it may not be a radical overhaul, these contextual improvements show potential for making Siri more intuitive and useful in everyday life.

But of course, Apple isn't the only opportunity. The real investment opportunity lies in the company that's waiting to be seen.

What can CREDO gain from this?

Imagine a rapidly growing city filled with new skyscrapers. These buildings need roads, electricity, water, and the internet to function.

In the world of artificial intelligence, companies like Nvidia are building these skyscrapers — the powerful computing chips that make AI possible. But these chips need to be connected together and communicate with the wider digital world.

That’s where Credo Technology Group comes in.

Credo makes the high-speed network cables and equipment that connect AI chips like the roads and bridges of a thriving city. As demand for AI soars, all those new AI chips will need Credo’s products to communicate.

That's why many on Wall Street are starting to predict that Credo's revenue will surge in the coming years, even though it's not yet a household name like Nvidia.

Everyone is paying attention to the gold diggers, but the real steady profits come from businesses selling shovels, pans, and other supplies. While Nvidia is mining AI gold, Credo is selling shovels—and it expects its high-speed cable market to grow from $68 million to more than $1 billion by 2028.

Credo has some key advantages in this space. It customizes its cables for major customers like Microsoft and Amazon, making its products difficult to replace with generic alternatives. It was also an early entrant, giving it a head start over its competitors. Despite its relatively unknown name, Credo was founded by industry veterans and is led by an experienced team.

There are risks, of course -- competition will increase, and Credo's stock has already risen in anticipation of that growth.

But overall, we think Credo is well-positioned for the AI ​​revolution.

As one analyst put it, Credo’s “overall strategy for the company is to position itself as a ‘first mover’ in various technologies and product categories, making adoption easier for its customers.”

So while Nvidia and other chipmakers may grab the headlines, keep your eyes on Credo. In the AI ​​boom, it's expected to be a key supplier in making AI possible.

Precautions:

Artificial intelligence is eating the world.

As a member of the Hundred Gallops community, you are at the forefront.