The AI Boom Runs on Copper, Yet Its Latest Record Hides a Warning

Copper price set a record near $6.63 per pound on June 2, lifted by the same AI data center buildout powering Nvidia, yet it now trades around $6.27, down roughly 6% from that peak. Options traders are leaning bullish, but the chart, the dollar, and physical-market hedgers all flash caution. The demand story is real, The post The AI Boom Runs on Copper, Yet Its Latest Record Hides a Warning appear