Warren Pies: The Scramble for Compute Cures All Ills | Two Wolves of “Hockeysticking Earnings” and Hormuz Oil Shock (Plus Caliban)

About this episode

Warren Pies discusses the impact of AI and the oil crisis on market dynamics and investment strategies.

Request Access to Free Trial to Caliban, Warren’s new AI-powered research tool that automates complex data sourcing & institutional-grade charting for investors: https://www.3fourteenresearch.com/monetary-matters In this episode, Warren Pies, founder of 314 Research and Caliban, joins the show to analyze the "two wolves" currently battling for control of the market: the transformative power of AI and the historic oil crisis in the Strait of Hormuz. Pies details how an "agentic explosion" in AI and a massive scramble for compute are fueling an unprecedented earnings boom, with proprietary data showing that frontier models like Mythos are driving a legitimate, if lopsided, market advance. On the flip side, we explore the terrifying 10-million-barrel-per-day oil deficit caused by geopolitical blockades and why "managed demand destruction" has been the only force keeping prices from skyrocketing past $200. Despite these risks, Warren remains fundamentally bullish on equities, arguing that the AI-driven CapEx cycle and resilient fiscal stimulus are powerful enough to help the S&P 500 look through the energy nightmare. We also get an exclusive look at Caliban. Finally, Warren…

People in this episode

Host: Jack Farley

Guest: Warren Pies

Topics covered

• AI and market dynamics
• oil crisis
• investment strategies
• earnings boom
• geopolitical risks

Keywords

• AI
• oil crisis
• S&P 500
• investment
• geopolitics
• earnings
• Caliban
• compute
• portfolio positioning

Sponsors

Caliban

Mentioned in this episode

Organizations: 314 Research, Caliban

Books & works: S&P 500

Places: Strait of Hormuz

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