The conflict's impact on AI infrastructure has been parsed in two separate conversations that never meet. Defense AI investment — Palantir's surge, SOCOM's push to integrate AI across operations — circulates as a strategic opportunity story [2]. Energy disruption from Strait of Hormuz pressure circulates as a commodity and logistics story. The analytical failure is treating these as distinct when . Labs absorbing higher training costs while defense contracts expand are not experiencing two markets — they are experiencing one…