George Kikvadze, Vice Chairman of the Bitfury Group, has unveiled a strategic investment approach focusing on infrastructure bottlenecks in the AI sector, rather than the model layer. Kikvadze identifies key bottlenecks such as power, cooling, memory, and networking, and has invested in 14 stocks that target these areas, achieving approximately 60% returns so far. Kikvadze's portfolio includes companies like Constellation Energy, GE Vernova, and Micron Technology, which are positioned to benefit from the growing demand for AI infrastructure. He emphasizes that the real opportunities lie in addressing the physical constraints of AI systems, such as electricity supply and cooling capacity, rather than in the computing power itself. This approach highlights the shift in economic focus towards infrastructure as AI demand continues to rise.