Everyone’s glued to $NVDA and $MU Technology, but the real choke point for AI isn’t chips… it’s power.

Been digging into $BWA. Traditionally a Tier 1 auto supplier, but they just announced a pivot into the data center power game with modular turbine generators targeting 2GW capacity. That’s not small. That’s “powering entire AI campuses” scale.

Stock already ran 20% on the headline, but this feels like early innings of the second wave AI trade. While everyone still buckets them as a “boring auto parts company,” they might actually be positioning as on-site power infrastructure for gigawatt-level data centers. Valuation-wise, $BWA is still trading at a much lower P/E compared to names like $VRT and Eaton $ETN, which have already been re-rated hard.

Is this a legit transition story from auto → energy infrastructure? Or is the market right to stay cautious? I’m hunting for more “pick-and-shovel” AI plays in power, cooling, grid upgrades, etc. that haven’t already been sent to the moon.

What’s on your watchlist in the energy/cooling side of AI infra? 👀