The Next AI Rally Already Started

**Kyle Reidhead** (0:00)
Is power going to be, and already is, I guess, becoming the main bottleneck? Is that going to be an issue for these data centers, do you think? So they're not going to connect to the grid, obviously. They're going to have to have on-site power, which is why Bloom Energy, this is kind of bullish for, or things like Galaxy, where they have data centers already connected to power is what they're going to have to use. But are we even going to be able to get this power?

**LG Doucet** (0:19)
What's up, everybody? It's LG Doucet here, and welcome to Milk Road AI, the daily AI show that bought the dip and the dip before, and even the dips before that. And now we are finally getting the chips to go with them. Today is July 22nd, 2026 We're recording a day early on July 21st. Believe it or not, there's another bottleneck forming. It's one that we've known about for a long time, energy. And it's one that's becoming more and more unique to the US models whereas China has excelled at matching their energy needs for their data centers. So can the US catch up? And if they don't, what happens to the market? This is our weekly rollup episode where we sit down with all three of our AI analysts to discuss the market, what they're watching, and what matters most to their Milk Road PRO portfolios, which you can check out for just a dollar at the link below. A reminder that our podcast today is free, and it wouldn't be possible without our partners at Securitize, the regulated rails for tokenization, and BitGet, Stocks 2 with real liquidity and real dividends. Keep an ear out later in the show for a message about them. All right, boys. Market is looking really good today. Lots to talk about. Melvin, how are you feeling, man? Give me your 30 second spiel. You feel good.
Your low DCAs are up. How are you doing?

**Kyle Reidhead** (1:25)
You can exhale.

**Melvin** (1:28)
I feel amazing. Nebius is up 15 percent, Micron is up 13 percent. We had a huge sell off last week, which we called in the show, which is basically a fraud. All our analysts basically bought into these companies like Nebius and Micron, and they're basically up 20, 30 percent up from previous lows.
I continue for this to run up to happen into the earnings. Micron has earnings in the next month or two, Nebius has earnings next month, and I think we're just going to continue to go higher. I remain extremely bullish on the build out, extremely bullish on compute, and I think everything's just going up.

**LG Doucet** (2:08)
I do want to talk about earnings later in the show, but Melvin, I just want to know right away, what to use the most important earnings call of this season?

**Melvin** (2:15)
I really want Oracle to go up this earnings season.
They've been really down. I think they're around 125 So I would really like the market to recognize that Oracle is one of the key beneficiaries in the AI buildout, and that will further push up a bunch of the stocks that Oracle is connected with as well. So it would be really nice for the market to validate that. So I'm really looking forward to Oracle earnings.

**LG Doucet** (2:42)
Okay, we'll come back around to it. Kyle, how are you feeling, man?

**Kyle Reidhead** (2:45)
Yeah, I feel great. I mean, I think we all said we think this pullback was one, healthy, but isn't going to sustain.
We also talked about, I don't think that it's going to be a V-shaped recovery. At least a lot of people have said that. We'll see what happens. This was obviously a huge bounce. Some things are up 12, 13, 14%. So that's been nice to see.
Some of us got bids at the very low. Some of us got bids kind of halfway down. So I think everyone did pretty well, at least from the Milk Road PRO portfolio side of things. We'll see if this continues. If you look at the downtrend that Micron had, I flagged this a couple days ago and on the live call yesterday, we did smash through it today. So that looks pretty good. And I think Google's earnings tomorrow will tell us kind of what's the hyperscale. I mean, they'll speak for Google only, but I think that's gonna be, they're gonna tell us what the hyperscalers are doing. Are they gonna guide higher for CapEx, which they've done for however many quarters straight or not. And I'm pretty sure they will. And so I think that'll send us flying once again.