ELITE Strategist: How to position for the NEXT AI trade

Pies stays overweight equities on bullish compute-scarcity signals, viewing semis and hyperscalers as AI-trade leadership despite Fed hiking risk.

• Overweight equities restored: Warren Pies moved from bullish to neutral to overweight in weeks, betting the Fed delivers just one more hike after September's, echoing the 1997 cycle rather than a full hiking cycle.
• Compute scarcity is the tell: 3Fourteen's proprietary GPU availability index shows Blackwells essentially unobtainable on-demand, with B200 rental rates up 30% this year — a real-time, bullish leading indicator for hyperscaler revenue.

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