CNBC首席执行官委员会成员布莱恩·凯西对“Y'all Street”（得州金融街的昵称）拥有前排观察席位。
CNBC CEO Council member Brian Casey has a front-row seat on Y'all Street.
过去几年，达拉斯已蜕变为金融服务业的热土，高盛、摩根士丹利、摩根大通等机构纷纷承诺设立大型办公场所并大幅扩充员工编制。这建立在得州跨行业的整体产业增长之上：该州现拥有全美最多的《财富》500强企业，同时正经历大规模人口激增。
Over the past few years, Dallas has been transformed into a hotbed for the financial services sector, with pledges for massive offices and headcounts coming from firms like Goldman Sachs Morgan Stanley JPMorgan Chase That's building on the larger growth of industry across sectors in Texas, which now boasts the most Fortune 500 companies among states in the U.S., as well as the massive population boom being seen across the state.
虽然较低的税收和更宽松的监管向来吸引企业落户得州，但近期该州进一步推行亲商政策的举措，在企业界引发强烈共鸣，尤其是那些对特拉华州法律解释存有异议的高管和公司，如埃隆·马斯克和埃克森美孚。
While the lure of lower taxes and lighter regulations has always drawn companies to Texas, recent pushes to become even more business-friendly have resonated well with the corporate community, especially among executives and companies who have raised issues with legal interpretations coming out of Delaware, such as Elon Musk and ExxonMobil.
今夏，达拉斯打造企业枢纽的进程再进一步——得克萨斯证券交易所（TXSE）正式开市，获得了全球最大机构投资者之一的贝莱德、城堡投资和查尔斯·施瓦布的支持。
Dallas's efforts to become a corporate hub took another step this summer with the opening of the Texas Stock Exchange, which has received backing from some of the largest institutional investors in the world such as BlackRock, Citadel and Charles Schwab.
达拉斯本土资产管理公司Westwood Holdings Group的首席执行官凯西（该公司也是TXSE的投资者）上周表示，他对交易所的发展前景“非常看好”。
Casey, the CEO of Dallas-based asset manager Westwood Holdings Group an investor in the TXSE, told us last week he is "very bullish" about what is happening with the exchange.
那么，在一位在当地深耕多年的业内人士眼中，究竟是什么吸引企业纷至沓来达拉斯及这家新交易所？
So what is now luring companies to Dallas and this new exchange, in the eyes of someone with long-standing roots in the community?
“这是多重因素共同作用的结果，”凯西表示，并将功劳归功于得州政商界领袖的通力合作。
"It's a combination of factors," Casey said, who credits political and business leaders in Texas for working together.
首先，我一直说我们位于国家的中心地带。我们拥有世界上最伟大、最繁忙的机场之一，如果你需要，可以去往任一海岸并完成一日往返。这是一个进出非常便利的地方，但除此之外，我们确实一直在努力向特拉华州发起挑战，从加强我们的商业法院、将商业判断规则成文，到让在德克萨斯州注册成立公司变得更容易、成本更低，"Casey说道。
"First and foremost is, I've always said we're in the center of the country. We have one of the greatest and busiest airports in the world, and you can get to either coast and do a day trip if you need to. It's a very convenient place to travel in and out of, but more than that, we have really tried to take on Delaware from the standpoint of beefing up our business courts, codifying the business judgment rule, and just making it easier and less expensive to incorporate in Texas," Casey said.
到目前为止，这一信息似乎正在产生共鸣。管道公司Energy Transfer和燃料分销商Sunoco最近都宣布将把上市地从纽交所转至TXSE。零售商Dillard's也表示将从纽交所转至TXSE，此前该公司已决定于2025年迁册至德克萨斯州。
So far, that message seems to be resonating. Pipeline company Energy Transfer and fuel distributor Sunoco both recently announced they would be shifting their listings from NYSE to TXSE. Retailer Dillard's also said it would be shifting from NYSE to TXSE, following the company's move to reincorporate in Texas in 2025.
Westwood也在发挥作用，推出了该交易所的首只新ETF——Westwood Salient Enhanced Power & Infrastructure ETF，这将补充该公司已在纽交所和纳斯达克上市的其他ETF——Westwood本身在纽交所上市。
Westwood is playing a role as well, launching the exchange's first new ETF, Westwood Salient Enhanced Power & Infrastructure ETF which will be in addition to other ETFs from the firm already listed on both NYSE and Nasdaq — Westwood itself is listed on NYSE. The AI trade has certainly gotten more complicated as the debate around safety and slowing development has grown.
随着关于安全性和放缓发展的辩论日益激烈，AI交易无疑变得更加复杂。
However, the underlying belief in AI that has made Nvidia the most valuable publicly traded company and pushed AI spending among megacaps to more than $750 billion this year hasn't shown signs of slowing.
然而，那种让英伟达成为市值最高的上市公司、并推动大型科技股今年AI支出超过7500亿美元的对AI的根本信念，并未显示出放缓的迹象。
However, the underlying belief in AI that has made Nvidia the most valuable publicly traded company and pushed AI spending among megacaps to more than $750 billion this year hasn't shown signs of slowing.
但Casey表示，虽然从投资者角度来看，关注点大多集中在大盘股公司和芯片企业上，但将为其提供动力的底层能源生态系统，如今才是投资的重点领域。
But Casey said while much of the focus from an investor perspective has been on those large-cap companies and chip firms, the underlying energy ecosystem that will power it is now the place to invest.
这促使Westwood推出了这只新ETF，该基金将投资于从传统公用事业到电网基础设施再到下一代技术的整个电力生态系统。"回顾过去三年发生的一切，真是令人着迷。一直以来都是在比拼谁能造出最快的芯片？谁能打造最大的超大规模数据中心？所以一切都围绕着需求展开，对算力的需求是无法满足的，"Casey表示。"但每产生一点算力，背后都拖着大量必要的基础设施。比如大型燃气轮机、水冷服务器、冷却设备，甚至建设这些设施所需的熟练劳动力。"从他所在公司的角度来看，这场能源繁荣将是一个"为期10年的建设周期"，将需要高达6000亿美元的投资。"到2030年，我们需要50吉瓦的电力供数据中心使用，而目前有2000吉瓦的电力项目正在[互联]排队，试图接入电网，"他说道，强调了现有电网面临的一些挑战。"你会达到一个不再真正需要更快芯片的地步，"Casey说。"你已经拥有了所需的最快芯片，但说到电力以及随之而来的一切，你无法像拨动开关那样一夜之间建成。那需要年复一年、日复一日的时间。"
That led Westwood to launch this new ETF, which will invest across the power ecosystem from traditional utilities to grid infrastructure and next-generation technologies. "It's super interesting when you think about what's happened for the last three years. It's been all about who can build the fastest chip? Who's going to scale the biggest hyperscaler? And so it's all been about demand, and there's insatiable demand for compute power," Casey said. "But every bit of compute power that's generated drags behind it a lot of necessary infrastructure. So big gas turbines, water servers, coolers, and even the skilled labor that's required to build these things." Casey said from his firm's vantage point, this energy boom will be a "10-year build out," that will require upwards of $600 billion of investment. "We need 50 gigawatts of power by 2030 [for data centers], and there are 2,000 gigawatts in the [interconnection] queue right now to try to get hooked up to power," he said, highlighting some of the challenges the existing energy grid faces. "You do get to a point where you don't really need a faster chip," Casey said. "You got the fastest chip you need, but boy, when it comes to power and all the stuff that goes with it, you can't flip a switch and build that overnight. It takes years and years and years."
Casey表示，一家总部位于达拉斯的资产管理公司，携手总部位于休斯顿的能源团队，在达拉斯的交易所推出能源主题ETF，这种象征意义他心知肚明，他认为这反映了"美国资本市场的下一个篇章"。"在德克萨斯州和达拉斯，我们正经历着真正的经济奇迹，"Casey说。
Casey said the symbolism of a Dallas-based asset manager with a Houston-based energy team launching an energy-focused ETF on a Dallas-based exchange is not lost on him, a moment he said reflects "the next chapter of American capital markets." "We just have a real economic miracle going on in Texas and in Dallas," Casey said. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
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