The trade of 2026-27: Neoclouds

Bitcoin miners spent years accumulating the hardware and power infrastructure needed to chase crypto. Now AI companies are willing to pay far more for the same resources. Sam looks at the booming neocloud sector and why it could become one of the most interesting trades of 2026 and 2027.

Being right about a bubble is useless if you're five years too early

Is AI really a bubble, or are the bears simply too early? Sam Volkering and Nick Hubble debate the risks behind the AI infrastructure boom – and how investors can stay involved without ignoring what could go wrong.

Why the power grid will be nationalised

UK energy policy has been a disaster. But it keeps getting worse. Rationing, blackout risks, and rising costs are in the news. Here’s what happens next.