Milk Road AI This AI Infrastructure Stock Has a Massive Head Start w/ Duncan & Patrick
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Jan 17, 2026 In this discussion, Patrick, an AI and developer-focused analyst, delves into Galaxy Digital's major power approval in Texas, emphasizing its implications for the data center sector. He reveals insights about the $10 billion partnership between OpenAI and chipmaker Cerebras, spotlighting how Cerebras chips could revolutionize AI latency and throughput. They also explore the potential for a Cerebras IPO and compare competitors in the chip market. Tune in for a captivating look at the future landscape of AI and computing!
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Texas Grid Approval Was A Major Bottleneck
- ERCOT became a bottleneck as hundreds of GW of interconnection requests overwhelmed the Texas grid.
- Galaxy's 830 MW approval in early 2026 is nearly as much as ERCOT approved in all of 2025 and validates real pipeline advantages.
Prioritize Projects With Ready Infrastructure
- Watch who applied early and held land/infrastructure because approvals favour projects with prerequisites already complete.
- Prioritize companies that applied during the bitcoin-mining era since they often already have switching stations and permits.
Power Leases Translate Into Immense Long-Term Value
- Galaxy earns high long-term per-megawatt rents, reported around $2.2M per MW annually from the CoreWeave deal.
- That 15-year stream translates to multibillion-dollar contracted value and changes how markets price power developers.