US-China Rivalry, New Imperialism Driven by COVID and AI Puts Power Infrastructure First

Recent stock market moves are becoming harder to explain through macroeconomic indicators or corporate earnings alone. Political, diplomatic and military factors now carry greater market weight, while the past few years have seen unusually frequent outbreaks of war. The original article frames this trend through the essence of US-China hegemonic competition. It argues that changes triggered by COVID-19 and AI have created a new imperial-style rivalry, with advanced hardware and power infrastructure at its core. Investors and companies therefore face an environment in which they must watch not only technology competition but also power supply, infrastructure access and geopolitical variables. Source: mk.co.kr