The AI Supply Squeeze: Infrastructure, Materials, and Market Opportunity – Global X – 10.19.26

Summary:

AI’s next phase depends on more than advances in software and chips. It also requires electricity, grid capacity, data centers, and materials such as copper—resources whose supply cannot expand overnight. Join us to examine the investment case for the infrastructure and materials behind the AI buildout.

We’ll discuss how rising capital spending and potential supply constraints intersect with inflation, interest rates, and market volatility, and why uncertainty over when AI spending will generate returns may be creating valuation disconnects across the broader AI ecosystem.

We will discuss:

• How inflation, interest rates, market volatility, and uncertainty around AI monetization shape the investment outlook
• Why growing demand for data centers, power generation, and grid capacity may create opportunities across the AI buildout
• How copper’s role in electrical infrastructure, combined with long mine development timelines and potential supply gaps, could affect future demand and pricing

Accepted for 1 CFP / IWI / CFA CE Credit

Speakers:

Scott joined Global X in 2022. He is responsible for delivering actionable insights and innovative investment strategies to clients, researching trends at the intersection of accelerating technological, demographic, and environmental change. Previously, Scott was responsible for building out the ProShares line-up of thematic ETFs. Prior to that, he served as Head of Thematic Portfolios and Co-Head of Market Research and Strategy at Morgan Stanley, launching the firm’s thematic research and portfolios, while managing a team that developed global multi-asset investment advice. Scott also held prior roles at BNY Mellon, Credit Suisse First Boston, and the Federal Reserve Board of Governors. His work has appeared in numerous media outlets including Barron’s, Bloomberg, and Foreign Affairs. Scott is the co-chair of the Business and Security Roundtable at Fordham University’s Center for National Security and is a Fellow at the Center for Cyber and Homeland Security at Auburn University. He served as an Assistant Professor of Social Science at the U.S. Military Academy and the Director of Research at West Point’s Combating Terrorism Center, working across 60 government offices. He is also a member of the Economic Club of New York and was a Term/Corporate Member in the Council on Foreign Relations. Scott holds a Joint Doctorate in Public Policy and Political Science from the University of Michigan, an MA in War Studies from King’s College (London), and a BBA in Finance from The George Washington University.

Connor joined Global X in 2025. As a Portfolio Strategist on the Investment Strategy team, he partners with financial advisors, institutional clients, and distribution teams to deliver tailored portfolio consulting services and investment solutions. Prior to joining Global X, Connor was a Vice President at Citigroup within the Alternatives and Investment Manager Solutions team, responsible for global third-party manager research and implementation across the firm’s Wealth platform. He has over 10 years of experience working within the wealth management and asset management industries on behalf of both retail and institutional clients, with a focus on portfolio construction and manager selection within multi-asset portfolios. Connor holds a B.S. in Finance as well as an M.B.A. in Finance from Providence College. He is also a CFA Charterholder.

Jack joined Global X in 2022 as an Investment Consultant, where he covered a diverse client base spanning IBDs, RIAs, and Wirehouses throughout the Midwest region. In the fall of 2024, he transitioned to the Investment Strategy team as a Product Strategist. In this role, he focuses on identifying key market trends and catalysts relevant to Global X’s ETF lineup. He also supports the sales team by conducting competitive analysis across the broader ETF landscape, developing strategic insights and financial market views to enhance fund positioning. Jack holds a BS in Finance and an MBA with a concentration in Business Analytics, both from Siena College in Loudonville, NY.