SELL ALERT: AI's Real Bottleneck Takes 29 Years

Premium subscribers: scroll below for Part 1 of the full portfolio update, including today's Moonshot Ride sell alert and detailed coverage on all positions. Tomorrow we’ll be sending Part 2.

The market is obsessed with chips.

Every headline, every analyst note, every conference panel is focused on who's making the GPUs, who's supplying the memory, and who's designing the custom silicon.

For good reason.

One of those chip companies crossed $1 trillion in market capitalization yesterday, on a single 19% move, fueled by AI memory demand that's sold out through the end of the year.

We own it. It just triggered our seventh Moonshot Ride.

But the chip story has a physical dependency, and it determines whether the whole cycle scales or stalls.

$20.3 Billion Backlog, 29 Years to Build

Every AI chip needs a data center.

A physical building with walls, floors, cooling systems, power connections, and millions of feet of copper wiring. That building needs to connect to a power grid that can handle the load.

That grid needs to be smart enough to manage the demand without collapsing. The copper that wires it all together has to come out of the ground, and the ground isn't cooperating.

This is the physical layer of the AI supercycle. You can't download it. It takes 29 years to permit a new copper mine in the United States.

One infrastructure company we hold just reported a record $20.3 billion backlog because the work is booked years into the future and there aren't enough crews to build it all.

Copper demand is projected to grow 50% by 2040, to 42 million metric tons, according to S&P Global. Global production is expected to peak in 2030 and decline from there, creating a supply deficit of 10 million metric tons.

Goldman Sachs called copper the commodity with the highest growth potential this year and labeled it a core target of what they're calling the AI and electrification supercycle.

One smart grid company we hold has a $4.4 billion backlog and 13 analysts rating it a Buy with 52% upside to their average target.

Nobody on fintwit is talking about it. Nobody is making memes about utility infrastructure software. The backlog doesn't need attention. It just needs time.

$3,000 Profit on Every Ounce

Gold miners are running all-in sustaining costs between $1,400 and $1,700 per ounce.

Gold is trading above $4,500. That's roughly $3,000 of profit for every ounce pulled out of the ground.

The miners are using that cash to buy back stock, raise dividends, and strengthen balance sheets, and they're still trading at single-digit P/E ratios.

These are software-grade margins on businesses the market treats like they're one bad quarter away from collapse.

One gold miner in our portfolio just posted record quarterly operating margins and $1.7 billion in net income. Fitch upgraded its credit rating to A-. Management announced a $2 billion share buyback.

The stock trades at 13 times forward earnings, with 22 analysts rating it a Buy at an average target more than 40% above the current price.

Central banks bought 244 tonnes of gold in Q1 alone. The margin story is real and the buyers are sovereign.

Spot uranium hit $100 per pound in January. Long-term contracts reached $90, the highest since 2008.

The world's largest producer cut output guidance by over 20 million pounds. Goldman projects a cumulative supply gap of 13% through 2035, widening to 32% by 2045.

The premier uranium producer in our portfolio just signed a $2.6 billion supply deal with India and trades 48% below its median analyst target.

Silver is in its fifth consecutive year of structural supply deficit, with solar panels, EVs, and AI hardware consuming 59% of total production.

These companies are generating record cash flows and trading at valuations that ignore the supply math entirely.

The disconnect between what these businesses earn and what the market charges for them is where we've been building positions for the past 13 months.

Seven Moonshot Rides and Counting

A Moonshot Ride is what happens when a position doubles from our entry price. The protocol is mechanical: sell half, recover your original capital, and let the remaining shares ride at a zero cost basis.

Those shares cost you nothing. Every dollar above zero is pure profit.

We've now triggered seven Moonshot Rides since the portfolio launched in April 2025:

• One position is up 215% from entry

• Another is up 160%

• One crossed 152%

• Yesterday's trigger came in at 118%, on a stock that gained 19% in a single session and crossed $1 trillion in market cap

• Three others were sold at doubles earlier in the cycle, with house money still riding on most of them

Seventeen of our 22 open positions are in the green. Several are approaching the Moonshot Ride threshold.

The structural trends driving them, AI infrastructure spending, central bank gold accumulation, uranium supply deficits, are measured in years and decades, not quarters.

You Just Read the Thesis. Premium Gets the Names.

Everything above is real and verifiable. The copper deficit, the gold margins, the uranium supply gap, the $1 trillion chip company.

You can research these themes yourself, build your own watchlists, and try to find the right entry points on your own.

Or you can see exactly how we're playing it.

Since the portfolio launched 13 months ago, we've closed 12 trades. All 12 were winners. The average gain on those closed positions is 74%. Seven positions have doubled from entry.

The system that produces those results, including the Moonshot Ride protocol, the trailing stop framework, and the thesis-driven hold discipline, is documented and explained inside every Premium update.

Today's Premium update covers 9 positions across AI chips, data center construction, grid modernization, cybersecurity, copper, and European financials with a breakdown of each position, the thesis behind it, and what we're doing with it right now.

Tomorrow's update covers the remaining positions across gold, silver, uranium, and copper, and walks through every thesis position by position.

We're also issuing three buy alerts for new subscribers this week. These are the highest-conviction fresh entries in the portfolio right now.

One trades at 13x earnings with a $256 analyst target. Another sits 48% below analyst consensus after a recent pullback.

The third is a position where the business has gotten materially better while the stock has gotten cheaper, giving new subscribers a wider margin of safety than we had on our original entry.

Twelve trades closed. Twelve winners. Seven doubles. Three fresh buy alerts this week.

If you’ve been thinking about joining Premium, I’d urge you to consider doing it now because this is a big week for Moonshot Minute Premium Members.

Double D

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