​If I had to map out the next several years, I'd think about it in terms of where the bottlenecks are likely to move.
Today (still strong):

• AI chips (NVIDIA, AMD)
• Networking (Broadcom, Arista)
• Memory (Micron)
• Semiconductor manufacturing (TSMC)

These companies are still benefiting from enormous AI spending, but expectations are also extremely high.
The next likely beneficiaries (my view):

1. Power and utilities
   This is the area I think has one of the strongest structural tailwinds.
   Every new AI data center needs a reliable supply of electricity, and in many regions the grid is already constrained. That benefits:
   
   • Electric utilities
   • Independent power producers
   • Renewable energy developers
   • Nuclear operators
   • Natural gas generation
   • Battery storage companies
2. Electrical equipment
   A data center isn't useful if it can't connect to the grid.
   Companies making:
   
   • Transformers
   • Switchgear
   • Circuit breakers
   • Power management equipment
   • Cooling systems
   could continue to see strong demand. Firms like Eaton, Schneider Electric, ABB, GE Vernova, and Siemens Energy are often mentioned in this context.
   
3. Grid infrastructure
   Building generation is only part of the story. Electricity has to be transmitted.
   That means investment in:
   
   • High-voltage transmission
   • Distribution networks
   • Grid automation
   • Battery storage
   This fits with your earlier point about Brookfield and Canada's grid modernization.
   
4. Software
   This is where the biggest long-term profits may ultimately end up.
   History shows that the companies providing the infrastructure don't always earn the highest long-term returns. During the internet boom, companies selling networking equipment did very well, but some of the biggest winners over time were businesses that built dominant software and platform ecosystems.
   If AI truly transforms productivity, companies like Microsoft, Alphabet, Amazon, and others could generate much higher earnings from AI services over time—provided they can monetize those investments.
   

One wildcard: roboticsIf AI becomes capable enough to automate physical work, then industrial automation and robotics could become the next major investment theme after software. That could benefit manufacturers of industrial robots, warehouse automation, logistics technology, and related hardware.
My biggest watch itemThe one thing I'd pay the closest attention to over the next five years isn't actually AI models—it's electricity.
The question isn't just, "Who has the best AI?" It's, "Who can supply enough power to run it?"
If AI demand keeps growing as many expect, electricity may become one of the most valuable enabling resources. That doesn't mean every utility stock will outperform, but it does suggest power generation, transmission, and grid modernization could remain important investment themes for years rather than quarters.
That said, it's also worth remembering that markets anticipate trends. If a company is already priced for years of exceptional growth, even good news may not lead to exceptional returns. Looking for areas where the market may be underestimating future demand—rather than simply identifying a good business—is often what separates a strong investment thesis from a popular one.

1. Build phase (where we largely are today)
   
   • Chip designers (NVIDIA, AMD, Broadcom)
   • Semiconductor manufacturers (TSMC)
   • Networking equipment (Arista, Cisco)
   • Optical components and fiber
   • Cooling systems, power equipment, transformers, switchgear
   • Data center construction and engineering
   This is where the bulk of the capital spending is happening.
   
2. Infrastructure utilization phase
   Once the data centers are built, companies still need to fill them with GPUs, replace aging hardware, and expand capacity. Demand for chips probably won't disappear—it may just grow more slowly. GPUs also become obsolete fairly quickly (every 2–4 years for cutting-edge AI), creating an upgrade cycle.
3. Power phase
   This is the area many investors think is still underappreciated.
   AI data centers consume enormous amounts of electricity. That benefits:
   
   • Electric utilities
   • Renewable power producers
   • Natural gas generation
   • Nuclear power
   • Battery storage
   • Grid modernization companies
   • Transformer and electrical equipment manufacturers
   This is one reason companies like Brookfield Renewable, Vistra, Constellation Energy, GE Vernova, Eaton, and Siemens Energy have attracted so much investor attention.
   
4. Application phase
   Eventually, the companies spending tens of billions today want a return on that investment.
   The biggest winners could be software companies that successfully monetize AI through:
   
   • Higher subscription prices
   • Productivity gains
   • New AI products
   • Lower operating costs
   Think Microsoft, Alphabet, Amazon, Meta, Salesforce, Adobe, and many enterprise software companies.
   

One thing I'd add is that these phases overlap rather than occur one after another. For example, Microsoft is still building data centers while simultaneously selling AI services. Utilities are expanding capacity while chip companies continue shipping record numbers of GPUs.
One caution is that markets are forward-looking. By the time everyone realizes that power demand is exploding, utility and power stocks may have already priced in much of that expectation. Investors are always trying to anticipate the next bottleneck.
"Who benefits next?" 

Brookfield Asset Management is acquiring Aypa Power, North America's largest standalone battery energy storage developer, in a US$7 billion deal that significantly expands its role in powering the next generation of AI infrastructure.
The acquisition strengthens Brookfield's US$100 billion AI Infrastructure Program by solving one of the industry's biggest challenges: delivering reliable 24/7 clean electricity to energy-intensive AI data centres. Aypa's 6.5 GW contracted battery storage portfolio and more than 20 GW development pipeline will allow Brookfield to store renewable energy and dispatch it when demand peaks, helping overcome grid constraints and renewable intermittency.
The deal also reinforces Brookfield's partnerships with hyperscalers, including its 10.5 GW renewable energy agreement with Microsoft and 3 GW agreement with Google. Combined with its expanded partnership with Bloom Energy for onsite fuel cells and the launch of Radiant, an NVIDIA Cloud Partner, Brookfield is building a vertically integrated AI platform spanning power generation, battery storage, and compute infrastructure.
The timing could also prove significant for Canada. As a Toronto-headquartered infrastructure giant with longstanding relationships across Canadian governments, pension funds, and public institutions, Brookfield is well positioned as Ottawa prepares to invest billions of dollars to modernize Canada's electrical grid and accelerate the clean energy transition. Large-scale battery energy storage will be essential to integrating renewable power and improving grid reliability, creating substantial opportunities for companies with Brookfield's expertise.
While any future projects would be awarded through competitive procurement processes, Brookfield's acquisition of Aypa strengthens its position to compete for the next wave of grid modernization and AI-driven energy infrastructure investments on both sides of the border.

Ticker is BEP.TO 

​Why Does the Market Keep Going Up?Someone asked me recently: “How can the stock market just keep going up and up?”
One reason is that modern governments and financial systems are creating permanent investment flows into the market.
A good example is the new U.S. "Kids  Accounts” program. Under the program, newborn children receive $1,000 investment accounts seeded by the U.S. government and tied to stock market investments.
Think about the scale of that.
Roughly 10,000 babies are born every day in the United States. Multiply that by $1,000 per child, and you suddenly have millions of dollars flowing into the market every single day before parents even contribute additional money.
That is a constant stream of new liquidity entering equities.
Now, in the grand scheme of the U.S. market, a few billion dollars annually is not enough on its own to drive the entire market higher. But this program represents something much bigger happening globally:

• Automatic investing
• Passive index fund buying
• Pension fund contributions
• Retirement accounts
• Corporate buybacks
• Government-supported investment programs

These systems create what is essentially “always-on” buying pressure.
Decades ago, investors had to actively choose to buy stocks. Today, money flows automatically into markets through retirement systems, ETFs, index funds, sovereign wealth funds, and government-linked investment programs.
At the same time, governments increasingly want citizens financially tied to markets because rising markets support:

• consumer confidence
• retirement security
• tax revenues
• economic stability

This creates an environment where maintaining asset growth becomes politically and economically important.
Add in major global trends like:

• AI infrastructure expansion
• electrical grid modernization
• electrification
• defense spending
• energy transitions

…and you have enormous capital demand supporting industrial growth for years to come.
The result is a market structure very different from previous generations.
Corrections will still happen. Volatility will still exist. But structurally, modern financial systems are increasingly designed around continuous capital inflows into equities.
That may be one of the biggest reasons markets continue climbing over the long term.

If you have an ear pointed to the investing world you have noticed the rise of legal pot companies.   

Anyone who made a lot of money by buying pot stocks two or more years ago can relax and enjoy. People who came in late or bought the wrong companies are still be trying to find their golden goose. Me? I started three years ago and cashed out in October of last year but then noticed a promising trend. CBD extract. 

Last October I was at a friends design studio and a lady rushed in to drop off what I assumed was Nicotine patches. To my suprise, I was told that they were CBD patches to help with anxiety. The former pot smokers had switched from THC to CBD. One of the reason was that THC was adding to their anxiety. I am no a big fan of inhailing any type of smoke on a regular basis My grandmother died of emesyma, Smoke of any type is bad for the lungs and vaping, don't get me started on that new age poison. 

After research and more research from everything that toutes CBD as a cure all to how dangerious it is. I made a decision to jump back in to the Hemp equity markets. Mostly because stocks can go up on hype alone regardeless of earnings. This is speculatlive investing, risky and not worth betting your life savings on. I did well with my original investments and thought I would take a chance with some of those profits. 

If you have been investing for your future in either TFSA, RRSP, RESP then you have begun to build wealth. My faviourte method has been the automatic withdrawals to savings from one bank to an investment portfilio. I will admit, I am no expert, I do not consider my self finacially rich but I consider my life rich. Mind you I felt that way when I was rolling coins for groceries back when I made a few wrong choices. Being self employed can be a bitch sometimes. 

I bought VFF ( a tomato green house in BC that added green houses to grow hemp) OGI, TGOD WEED and HMMJ (ETF). I don't recommend stocks but I would do some research and follow some of the names below and the prementioned tickers

This is a screen shot of my watch list( I did not buy all of these stocks). A watchlist can be found on online brokerage companies, They allow you to pretend to buy a stock and watch it.  I bought and sold some of these, made money on most and lost money on some ( timing is everything)  This chart was created in 2016 and I added more as I found more.   ​

All stocks go up and down as can be seen below. There are more buying opertuniites coming. If you missed the 1st wave there will be a second. I get excited when the market goes in to a nose dive. I get ready to hit the sell button when it reaches new highs. My finger is on the sell button in reacent weeks. The chart below is a 12 month representative of the above wach list.