Roundhill's HALO ETF is a far safer play than a memory ETF because it holds companies AI is unlikely to displace. HALO stands for Heavy Assets, Low Obsolescence: businesses built on tangible, hard-to-replicate physical infrastructure and entrenched operating footprints, which make their moats resistant to AI breakthroughs. Top holdings include Cummins, AutoZone, TFI International, J.B. Hunt and Lennox International. x.com 

AI infrastructure providers' heavy capital needs and aging equipment may leave little cash for shareholders despite revenue growth. Depreciation is among their most underappreciated costs: shorter equipment lives raise it, while replacement and financing erode returns. Leverage and dilution magnify economic risks. Some may prosper, but until pricing power, depreciation, financing and long-term returns on capital are clearer, their investment appeal remains hard to share. x.com  x.com 

Railroads and energy stocks, a heavy-asset, low-obsolescence trade, work as a barbell to AI bottleneck names and are holding up in the selloff. Devon Energy, ConocoPhillips, Norfolk Southern and Union Pacific showed green in a sea of red. x.com 

Heavy-asset, low-obsolescence businesses such as ExxonMobil, Chevron, Waste Management, Safran and GE Aerospace are where the next decade's wealth will be built, as AI turns code into a commodity. Their moats are physics, regulation and scarcity: pipelines, landfill permits and jet engine certification take permits, capital and decades to build, and cannot be replicated by a founder with a laptop and an API key. Software's asset-light story is over. x.com 

Hyliion's KARNO generator can win AI data center and defense power demand, while net cash gives the stock a margin of safety. Passing UL certification, the biggest go-to-market hurdle, lets Hyliion start deliveries to early customers. KARNO natively outputs 800V DC, matching AI compute racks and avoiding AC/DC conversion losses; VFG Holdings signed a multi-megawatt data center deal. Navy contracts drove Q1 growth, with $40-50M more military awards expected. Hyliion is debt-free with $139M cash. … Show more

Digital Realty's $3.5 billion Blackstone data center stake deal monetizes hyperscale capacity at peak demand rather than diluting shareholders, so the market's 5% selloff on the news is wrong. The AI power infrastructure trade remains structurally underowned. x.com 

Colliers International looks interesting at 10x forward earnings for a decent business that AI is unlikely to disrupt notably on a horizon the stock can be judged on. Revenue is inflation-protected and recurring, and asset management and engineering, about half of earnings, are less subject to disruption. Executives have real skin in the game, insiders bought heavily this year and Durable Capital is a top-12 holder. CBRE may be a better pure play on commercial real estate. x.com  x.com