Today has been a good day so far. Rotated a couple of my riskier bets (with profits, hurray) to safer havens like CAT and HSBC. I have a fairly diverse portfolio but the last few days reminded me to shore some things up. Was nice.

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They have been spending a little bit. 2 trillion a fair bit, it is the same number as the total earnings of all Private sector workers in the US in one quarter. At roughly $50 billion per site, OpenAI’s Stargate projects add up to about $850 billion in spending — nearly half of the $2 trillion global AI infrastructure surge HSBC now forecasts. [https://www.cnbc.com/2025/12/31/ai-data-centers-debt-sam-altman-elon-musk-mark-zuckerberg.html](https://www.cnbc.com/2025/12/31/ai-data-centers-debt-sam-altman-elon-musk-mark-zuckerberg.html)

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