A Clash of Economies

The U.S.–China trade war is not simply a matter of tariffs; it’s the visible outcome of years of growing frustration over economic practices that Washington deems unfair. The U.S. has long accused China of manipulating trade systems to its advantage through forced technology transfers, weak intellectual-property protection, and heavy subsidies that allow Chinese industries to undercut competitors globally. This combination of tactics has distorted market competition and left many Western manufacturers struggling to compete on equal footing.

At the heart of America’s grievances is the belief that China’s state-driven economy

As we head into the final stretch of 2025, the explosive growth of artificial intelligence is reshaping not just technology, but the very infrastructure that powers our world. At Dark Stone Capital, our portfolio emphasizes high-growth semiconductors like NVIDIA (NVDA), which have thrived on AI demand. However, a looming challenge threatens to redefine the landscape: the AI energy crunch. With data centers consuming unprecedented amounts of electricity, power shortages could become the defining constraint for AI expansion starting in 2026. This post explores the intersection of AI growth and energy limitations, drawing on recent earnings insights, demand forecasts, and strategic

Those little power packs that keep our smartphones from dying mid-TikTok scroll and our EVs from stranding us like a bad blind date. But in 2025, as AI guzzles energy like a caffeinated teenager cramming for finals, the real juice is in companies like American Battery Technology Company (ABAT). Picture this: While Big Tech's data centers are sucking down electricity faster than a vampire at a blood bank, ABAT is quietly (or not so quietly, with their recent revenue triple) building a fortress of recycled metals to keep the lights on. It's like turning yesterday's dead gadgets into tomorrow's superheroes

Market Overview

The stock market is demonstrating resilience in the face of ongoing sector rotations and macroeconomic uncertainties. The S&P 500 has sustained its upward momentum, propelled by robust earnings surprises from 82% of reporting companies, even as potential tariffs and inflationary pressures raise concerns. Small-cap stocks have spearheaded recent gains, advancing 2.8% over the past week, while the broader market exhibits a V-shaped rebound in earnings revisions, indicating no imminent recession. Nevertheless, market concentration is notably elevated, with the Magnificent Seven stocks matching the combined market capitalization of the bottom 433 constituents in the S&

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