Forgent $FPS back on my radar after a 2+ month consolidation.
The setup: $FPS is attempting a Stage 1 → Stage 2 transition and now testing IPO VWAP — a critical resistance level that often acts as a pivot point for momentum names.
The thesis remains intact: Elon recently flagged that 15GW of AI compute slated for 2027 may not even be able to power on due to infrastructure and grid constraints.
AI needs compute. Compute needs power. Power needs infrastructure.
This isn't a hype cycle — it's a bottleneck cycle. And bottlenecks create opportunities in the supply chain.
Watching closely.
The setup: $FPS is attempting a Stage 1 → Stage 2 transition and now testing IPO VWAP — a critical resistance level that often acts as a pivot point for momentum names.
The thesis remains intact: Elon recently flagged that 15GW of AI compute slated for 2027 may not even be able to power on due to infrastructure and grid constraints.
AI needs compute. Compute needs power. Power needs infrastructure.
This isn't a hype cycle — it's a bottleneck cycle. And bottlenecks create opportunities in the supply chain.
Watching closely.
