The first AI war has begun and data centres are now military targets

When the United States and Israel launched strikes on Iran this weekend, most of the headlines focused on missiles, drones and retaliation. But something far more important happened behind the scenes.

Rules of engagement

A rainy winter. Two new wars. And a world that seems to be slipping back toward chaos. Bill connects the dots behind the headlines — and explains why investors may want to keep an umbrella handy.

Bombs, oil, AI…and your portfolio

The market thinks this won’t last. We’re not so sure.

Is AI warfare the next big defence stock opportunity?

Drone stocks were top performers thanks to the war in Ukraine. Now we need to ponder whether AI has created the next big opportunity in defence stocks.

Nvidia no longer has a demand problem

Investors worry AI spending is overheating. But Nvidia’s real challenge isn’t demand — it’s physics. As data centers strain under rising energy and connectivity limits, a new solution may be emerging in optical technology.

Nvidia dominating earnings is as predictable as the sun rising

Nvidia just posted US$68.1 billion in quarterly revenue, with over 91% of sales now tied to AI infrastructure. But Nvidia doesn’t operate in isolation. Behind every GPU sits a supply chain. And that’s where the next asymmetric opportunities may be hiding.

How AI will save us from net zero

For years I’ve been wondering how the UK’s political class will weasel their way out of net zero. Now we know. AI gives them an honourable way out.

She went to the charity shop. I built an app by dinner.

After my wife couldn’t find the next book in our kids’ Minecraft series, I built an app in an afternoon using AI. But the real story isn’t the app. It’s what happened behind the scenes — the platforms AI pushed me toward, the infrastructure it depends on, and the market overreactions creating tradeable opportunities right now.

What the fracking boom reveals about the AI boom’s 1000% club

Ten-baggers are rare. Stocks don’t go up 1000% without a reason. It takes something special. And that special something is beginning in one small corner of AI.

Speed is everything. And nothing is faster than light.

AI investors have focused on chips, memory and data centres. But the real race is now about inference speed — how fast AI can think and respond in real time. And the next breakthrough may not come from more electrons… but from light itself.

The Doctor Will See You Now

We see machines that can do almost everything, physically and mentally, that a human can do. But with none of the sick days or bad attitudes that characterize our race.

Paper Privilege

The US reneged on its promise to exchange dollars for gold in August of 1971. Dollars were still the world’s reserve currency, but nobody had any guarantee that they would remain limited and valuable.

Gold is up but not out

The gold price left the stock market for dead. But after decades of outperformance, is it finally time to sell your gold? Not if you use pounds to buy it.

One million percent gains from dark web GPUs?

In 2010, bitcoin miners weren’t obsessing over price. They were scrambling for GPUs. Today, the same kind of hardware rush is unfolding around AI. Memory, storage and compute are tightening fast — and if history is any guide, the real opportunity may lie in the companies supplying the shovels, not the headlines grabbing the hype.

Volatility, for lack of a better word, is good

Gordon Gekko’s infamous “greed is good” speech has become an idiom. But have you ever listened properly? Not only does he have a point. He was right.

How to become a great investor in two simple steps

Most investors don’t fail because of markets. Web excerpt: Markets are flat-out bonkers right now. Volatility is everywhere. And most investors are far less prepared for that than they think. In this essay, we lay out a simple two-step framework to help you understand your true risk tolerance – and structure your portfolio accordingly.

Is this little silver orb the key to making trillions?

Forget the orb. The real story is how easily AI can now build, design, and deploy products at scale. That changes everything and it’s happening faster than most people realise.

The price of chaos is investors’ profit margin

If you had gone into hibernation two weeks ago, the value of your gold would be the same today. Yet gold investors have had no sleep for two weeks.

Japan is back. For better or worse?

Japan’s iron lady now has a supermajority. She plans to amend its constitution. But it’s far-away investors who could pay the price for her ambitions.

What last week’s chaos tells us about trading in 2026

Last week’s volatility hit everything at once — commodities, crypto, tech, and metals. But beneath the chaos, important signals are emerging. In this video, Nick Hubble and Sam Volkering break down what actually moved markets, whether this volatility is structural or temporary, and where the best opportunities for 2026 may now be forming.