247Wallst·2026-03-04 13:22Core Insights - The CEO of Intelligent Alpha emphasizes that personal AI will be the dominant theme in 2026, with Google and Apple best positioned to lead this sector [1] Company Summaries Google (Alphabet Inc.) - Google has over 750 million monthly active users on its Gemini app, processing more than 10 billion tokens per minute [1] - The company's search business generated $63.07 billion in Q4 2025, with AI driving increased usage [1] - Google Cloud is running at an annualized rate exceeding $70 billion, and the company plans to invest $175 to $185 billion in capital expenditures for 2026, nearly doubling the previous year's spending [1] Apple - Apple has over 2.5 billion active devices, with iPhone sales reaching an all-time high of $85.27 billion in the latest quarter [1] - The services segment also hit a record of $30.01 billion, indicating strong monetization capabilities [1] - Apple's unique position at the intersection of hardware, software, and personal data provides a competitive advantage in the personal AI space [1] Infrastructure Players - Companies like GE Aerospace and Vistra are highlighted as key players benefiting from the AI trade and data center buildout [1] - GE Aerospace reported full-year 2025 revenue of $45.86 billion and has a backlog of approximately $190 billion [1] - Vistra secured a 20-year nuclear power purchase agreement with AWS for 1,200 MW and a separate deal with Meta for over 2,600 MW, indicating stable cash flows tied to AI infrastructure [1]