“A bubble ends when the liquidity dries up,” it doesn’t end due to valuation, Jim Thorne argues. He thinks that companies are motivated to spend on capex, and the U.S. is motivated to spend on power to beat China. He thinks that AI is the “place to be,” saying investors should overweight their portfolios in that sector for now. His stock picks include Nvidia (NVDA), Seagate (STX), Micron (MU), Cameco (CCJ), and more.