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⚡ The AI trade is becoming a power rights trade.

Oil backed off Tuesday. Treasury yields eased. Tech rallied. Nvidia reports tonight.

But the most interesting capital allocation story has almost nothing to do with Nvidia’s stock price.

🏗️ nVent is buying data center power infrastructure company Maverick Power for $1.75 billion, with another potential $550 million tied to performance.

⚡ Texas has nearly 2,000 requests waiting for energization in the ERCOT queue, approximately 90 percent tied to data centers, representing more than 466,000 MW of requested demand. The state has paused approvals for data center grid connections while it audits what is real.

🏠 New home sales fell sharply in July while inventory climbed to 9.6 months of supply.

💰 Commercial lenders are still widening spreads even when Treasury yields fall, which means lower benchmark rates do NOT automatically create cheaper capital.

🌏 GIC and Macquarie are backing purpose built data centers leased long term to Anthropic. That is what institutional AI infrastructure begins to look like: sophisticated equity, identifiable offtake, long duration revenue, and actual bankability.

₿ Bitcoin pushed above $81,000 before retreating, while institutional ETF inflows and stablecoin liquidity continued growing.

📊 And this morning we get PCE inflation, the second estimate of Q2 GDP, corporate profits, durable goods, and then Nvidia after the bell.

My hot take: GPUs are becoming easier to source than permissioned power.

Family offices, sovereign investors, lenders, and developers should stop asking, “How many megawatts does the project want?”

Ask instead:

How many megawatts are contractually deliverable?
On what date?
Under what curtailment provisions?
Who is obligated to pay for them?

That is the difference between a data center and a very expensive piece of dirt with a rendering.

Today on GRO MONEY NEWS: markets, rates, housing, infrastructure M&A, sovereign capital, AI power constraints, crypto liquidity, tax law, and what actually makes a project bankable.

Listen, share, and tag someone who is underwriting AI infrastructure before the power contract shows up.

Until tomorrow, be the best human you can be.
~ Teresa Grobecker
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GRO MONEY PODcast and the accompanying newsletter are provided for informational and educational purposes only and do not constitute financial, investment, legal, tax, or accounting advice. Nothing herein is an offer to sell or a solicitation of an offer to buy any security or to participate in any investment strategy. Reliance upon any information provided is at your sole discretion and risk. Views expressed are those of the authors as of the publication date and may change without notice. While sources are believed to be reliable, no representation or warranty is made as to accuracy, completeness, or timeliness, and no duty to update is assumed. Past performance is not indicative of future results. Receipt of this content does not create a client, advisory, fiduciary, or brokerage relationship. You should consult your own licensed financial, legal, and tax advisers regarding your specific circumstances. Grobecker Holland International, its affiliates (including GRO GROUP), and their principals may hold positions or have business relationships related to companies or assets discussed.


Duration
14m
Broadcast on
26 Aug 2026
Audio Format
other
oil blinked, NVIDIA gets the mic, good morning, and welcome to Grow Money News for Wednesday, August 26th. Oil finally decided it did not need to personally destroy every underwriting model in America. Treasury yields backed away from their recent highs, technology stocks caught a bid, and now the entire market gets to spend Wednesday staring at NVIDIA and inflation data, like nervous parents waiting outside the principal's office. This episode is brought to you by Grow Group. Grow Group has $5 billion of equity investment for projects, and we are actively looking to place $5 billion of equity financing in 2026 for qualified master builders in major metropolitan markets. We offer multiple financing options, including up to 100% financing for developments, data centers, and solar projects. If you have a real project, real entitlements, real economics, and preferably something more substantial than a PowerPoint presentation containing the word AI 17 times, we should talk. The broad market finished Tuesday higher, the S&P 500 gained about 3/10 of 1%, the Dow gained roughly the same amount, and the NASDAQ added about 7/10 of 1%. Technology led the recovery as oil prices fell sharply, and long, treasury yields moved lower, taking some pressure off valuation multiples and borrowing costs. Brent crude dropped more than 3% Tuesday to roughly $87 per barrel, then continued lower in Asian trading Wednesday, on renewed hopes that the Strait of Hormuz could reopen more fully, the 10-year treasury moved back into the mid 4.6% range after the recent bond market sell-off. That matters because the market has been trading oil, inflation expectations, treasury supply, and AI capital spending as increasingly connected risks rather than separate stories. Investor sentiment is still remarkably restrained. CNN's fear and greed gauge was reported around 54, firmly in neutral territory. That is probably appropriate, equities are near-record territory, Bitcoin has ripped higher, and AI spending is extraordinary. But the bond market, geopolitics, consumer confidence, and housing data are providing enough adult supervision to prevent outright euphoria. Asia is not giving us a screaming risk on signal this morning. Stocks are mixed as investors wait for Nvidia, while Brent crude is down again, around $86 a barrel, as negotiations involving Iran and Oman raise hopes for greater movement through the Strait of Hormuz. The cleaner message from Asia is not equities, it is energy. If oil continues lower, the inflation premium embedded in treasury yields can ease. That gives the Fed more breathing room, helps duration assets, and provides some relief for real estate financing. If oil turns around sharply because diplomacy fails, the entire duration trade gets uglier again. Now let us talk about the consumer, because Tuesday's data was not particularly pretty. The Conference Board Consumer Confidence Index slipped to 89.4 in August from 90.2 in July, the interesting part is the split underneath it. The present situation index actually improved to 121.2, while the expectations index dropped to 68.2. That says consumers are not necessarily telling us today is terrible. They are telling us they do not particularly trust tomorrow. For capital allocators, that distinction matters because weaker expectations can eventually translate into softer discretionary spending, slower housing decisions, greater credit sensitivity, and a preference for liquidity.

Transcription truncated.

Oil backed off Tuesday. Treasury yields eased. Tech rallied. Nvidia reports tonight.

But the most interesting capital allocation story has almost nothing to do with Nvidia’s stock price.

🏗️ nVent is buying data center power infrastructure company Maverick Power for $1.75 billion, with another potential $550 million tied to performance.

⚡ Texas has nearly 2,000 requests waiting for energization in the ERCOT queue, approximately 90 percent tied to data centers, representing more than 466,000 MW of requested demand. The state has paused approvals for data center grid connections while it audits what is real.

🏠 New home sales fell sharply in July while inventory climbed to 9.6 months of supply.

💰 Commercial lenders are still widening spreads even when Treasury yields fall, which means lower benchmark rates do NOT automatically create cheaper capital.

🌏 GIC and Macquarie are backing purpose built data centers leased long term to Anthropic. That is what institutional AI infrastructure begins to look like: sophisticated equity, identifiable offtake, long duration revenue, and actual bankability.

₿ Bitcoin pushed above $81,000 before retreating, while institutional ETF inflows and stablecoin liquidity continued growing.

📊 And this morning we get PCE inflation, the second estimate of Q2 GDP, corporate profits, durable goods, and then Nvidia after the bell.

My hot take: GPUs are becoming easier to source than permissioned power.

Family offices, sovereign investors, lenders, and developers should stop asking, “How many megawatts does the project want?”

Ask instead:

How many megawatts are contractually deliverable?
On what date?
Under what curtailment provisions?
Who is obligated to pay for them?

That is the difference between a data center and a very expensive piece of dirt with a rendering.

Today on GRO MONEY NEWS: markets, rates, housing, infrastructure M&A, sovereign capital, AI power constraints, crypto liquidity, tax law, and what actually makes a project bankable.

Listen, share, and tag someone who is underwriting AI infrastructure before the power contract shows up.

Until tomorrow, be the best human you can be.
~ Teresa Grobecker
⁠Sign up for the daily newsletter on LinkedIn.⁠
Read on LinkedIn https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=7354236980961886208
Listen to GRO MONEY NEWS https://podcasts.apple.com/us/podcast/gro-money-news/id1833953369

GRO MONEY PODcast and the accompanying newsletter are provided for informational and educational purposes only and do not constitute financial, investment, legal, tax, or accounting advice. Nothing herein is an offer to sell or a solicitation of an offer to buy any security or to participate in any investment strategy. Reliance upon any information provided is at your sole discretion and risk. Views expressed are those of the authors as of the publication date and may change without notice. While sources are believed to be reliable, no representation or warranty is made as to accuracy, completeness, or timeliness, and no duty to update is assumed. Past performance is not indicative of future results. Receipt of this content does not create a client, advisory, fiduciary, or brokerage relationship. You should consult your own licensed financial, legal, and tax advisers regarding your specific circumstances. Grobecker Holland International, its affiliates (including GRO GROUP), and their principals may hold positions or have business relationships related to companies or assets discussed.