Hong Hao and Lars Tvede Release AI Capital Flows Report

Analysts Hong Hao and Lars Tvede have jointly released a report on AI capital flows that puts compute and power at the top of what the authors call the "smart money" picks, according to BigGo Finance.

The report, published through BigGo Finance's news feed, tracks where institutional capital is moving as artificial intelligence spending accelerates. Its headline conclusion is direct: investors who follow the smartest money in the market are concentrating on compute capacity and the power infrastructure that feeds it.

Who published the report?

Two names anchor the research. Hong Hao, the China markets strategist formerly known for his macro commentary at BOCOM International, and Lars Tvede, the Danish investor and author, combined their analysis into a single capital-flows study. BigGo Finance carried the release.

The joint authorship matters. Hong Hao brings a view on Asian capital and Chinese market flows; Tvede contributes a global macro and cycles framework. Their shared conclusion converges on the same two sectors.

What does the report actually say?

According to the report's title and framing as reported by BigGo Finance, "compute and power top the 'smart money' picks." That phrase carries the argument: when the authors looked at where sophisticated capital is actually deployed — not where sentiment surveys say it is — the answer was computing infrastructure and electricity generation.

The logic tracks the physical demands of AI. Training and running large models requires data centers. Data centers require chips, and they require electricity at scale. Capital, the report suggests, has recognized this chain and is positioning accordingly.

Why compute and power?

The pairing of the two sectors in a single report reflects a supply-chain reality. Compute without power is stranded capacity. The "smart money" label — the report's own term — signals that the flows the authors tracked aren't retail chasing headlines but institutional money making structural bets.

BigGo Finance's summary did not publish the underlying figures from the study. The report's full data on flow volumes, sector breakdowns and regional allocations sits in the document itself, which interested readers can find through the original BigGo Finance listing.

What's the so-what?

A joint report from two strategists with Hong Hao's and Lars Tvede's reach will circulate among institutional investors. Its core call — that compute and power sit atop smart-money positioning — gives fund managers a benchmark to test their own allocations against.

The next test is whether reported capital flows in coming quarters confirm the tilt the two authors describe.

By Amara Osei