Google’s Cosmic Cloud: AI and Data Services Beyond Earth

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In this weekend edition of Stock Picker’s Corner (SPC):

Google’s Latest Moonshot Is Beyond Earth

A few weeks ago, we talked about a Jeff Bezos prediction that data centers would eventually orbit in space. The Amazon founder argued that the continuous availability of solar energy in orbit (unobstructed by clouds, rain, or other weather events) will make these space-based facilities more cost effective than their Earth-bound counterparts.

This week, we see that Google is following that concept, as the Internet giant is expanding its moonshot ambitions with a new focus on space-based infrastructure and data services. The company is reportedly exploring satellite technology and orbital platforms that could support everything from global internet coverage to advanced AI applications.

We’ve been all over the “Space Economy” since last year, with our free research on:

Rocket Labs (RKLB): +458% 

Gilat Satellite Networks LTD (GILT): +177%

Globalstar Inc. (GSAT): +169%

And Viasat Inc. (VSAT): +110% 

For next week, SPC Premium members will discover a company that sees the world like no one else. The space company’s tech delivers real-time insights from above, fueling smarter decisions for governments, businesses, and innovators worldwide.

For current members, details drop on this stock trading below $15 on Tuesday, November 11.

If you aren’t a member, upgrade today to make sure you’re in line to unlock that report as soon as it is published on Tuesday.

Bitcoin Miners Find Gold in AI Demand 

Microsoft Corp. (MSFT) has signed a nearly $10 billion, five-year deal with IREN LTD (IREN), an Australian company that pivoted from Bitcoin (BTC) mining to AI-focused data centers. The agreement will let Microsoft access Nvidia Corp. (NVDA) chips at IREN’s Texas facility, making it IREN’s largest customer.

This partnership is part of a broader trend where crypto miners are repurposing their infrastructure for AI workloads.

To get a little more insight into this growing trend of Big Tech turning to crypto miners for their AI needs, I caught up with David Zeiler. Dave was a former Bitcoin miner in the early days of crypto, and he is known for his astute and accurate Bitcoin predictions.

Below is what he had to share with the SPC community.

“My first thought was that getting into AI cloud services makes total sense for Bitcoin miners. They already have the facilities; they just need to swap the mining rigs for Nvidia-equipped rigs. As a business, it’s more lucrative and less stressful. Bitcoin goes through boom-and-bust cycles that make life hard for the miners. The AI industry has only seen explosive growth. AI service providers are where a big chunk of that Big Tech capex is going, so the Bitcoin miners are hopping on that gravy train. And yes, with the AI arms race we are seeing now, I think it’s very likely the Big Tech companies will continue to make deals for AI cloud support wherever they can find them. With AI being so resource-intensive, they basically have no choice.” 

The Buffett Cash Lesson

Sometimes, doing nothing is the most strategic move you can make.

Warren Buffett has mastered that lesson better than anyone.

In its latest quarterly results shared last Saturday, Berkshire Hathaway (BRK.A, BRK.B) revealed it was sitting on a record cash hoard of $387 billion.

That patience reflects Buffett’s discipline in waiting for opportunities that meet his strict criteria rather than chasing momentum and is what has made him the 11th-richest person in the world.

In a market that’s turning into more gambling than investing with prediction markets and sports betting entering brokerage accounts, Buffett’s approach is a reminder that restraint can be a competitive advantage.

That’s it for this issue.

Enjoy your weekend.

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