The Global Reset | Energy Security, The AI Gold Rush & The Case For Gold | Lighthouse Canton

CNBC-TV18
CNBC-TV18May 12, 2026

Why It Matters

These themes dictate where capital will flow over the next decade, and smart positioning can protect portfolios from energy‑price swings while capitalizing on the AI infrastructure surge.

Key Takeaways

  • Geopolitical tensions drive renewed focus on energy security and nuclear power.
  • Uranium miners and ETFs present long‑term opportunities amid fossil‑fuel disruptions.
  • Battery storage and grid resilience are under‑invested, offering growth prospects.
  • AI hardware “picks‑and‑shovels” like memory chips show strong pricing power now.
  • Smart exposure via derivatives or structured products can mitigate AI sector froth.

Summary

The program “The Global Reset” hosted by Prashant Nyer featured Lighthouse Canton’s MD and CIO Sunil Gag, who outlined the macro‑economic themes reshaping markets – energy security, the AI hardware boom and a renewed case for gold – against a backdrop of heightened US‑Iran tensions and an upcoming Trump‑Xi summit.

Gag argued that the current oil price spike is a symptom of a longer‑term energy‑security dilemma, not a bullish signal for crude. He highlighted nuclear power and uranium miners as the primary hedge, noting that ETFs such as NLR and URA have recently corrected, creating entry points. On the grid side, under‑investment in battery storage and aging infrastructure offers multiple avenues for capital, especially as data‑center demand soars.

He cited concrete figures: Samsung’s projected memory revenue could rise from $30 bn to $200 bn by 2026, while foreign investors hold roughly $750 bn in the three biggest memory manufacturers. Gag also referenced the “picks‑and‑shovels” analogy, emphasizing that semiconductor and memory makers enjoy pricing power amid a global shortage, making earnings visibility strong despite broader AI valuation debates.

For investors, the takeaway is to seek diversified exposure – uranium miners, battery‑storage suppliers, and selective AI‑hardware names – preferably through ETFs, derivatives or structured products that temper valuation risk. Positioning now could capture multi‑year secular growth while hedging against geopolitical shocks and commodity volatility.

Original Description

In this episode of The Global Reset, Prashant Nair speaks to Sunil Garg, Managing Director & CIO of Lighthouse Canton, on the global mega-themes reshaping markets – from energy security and the nuclear/uranium play, to the AI data-center capex boom, to why gold is still the ultimate dollar diversifier.
They break down:
- Why energy security and nuclear/uranium miners may be multi-year themes
- How AI infrastructure, semiconductors and memory are the real “picks and shovels” of the AI gold rush
- The grid resilience & battery storage opportunity as data-centre power demand explodes
- Why gold (and silver) still matter in an age of high deficits and de-dollarisation
- What Indian investors can do when global themes are hard to play locally
- Key risks ahead – inflation, leverage and supply-chain disruptions
Watch the full show on here on #TheGlobalReset
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