Trade-grade analysis of the AI data center buildout — hyperscaler capex, power constraints, supply-chain bottlenecks, and earnings recaps. Updated weekly.
AI's binding constraint has shifted from chips to power, and SpaceX's $1.75 trillion IPO funds the most complete response: on-site generation, an internalized xAI, a $55B chip fab, and solar-powered data centers in orbit. Until it ships, the revenue still lands on Nvidia, GE Vernova, and Vertiv.
The public companies cashing the hyperscaler capex checks, ranked by sector criticality and conviction.
A ranked snapshot of who's writing the largest checks for the AI infrastructure buildout this fiscal year, and what each commitment actually buys.
Meta, Amazon, Microsoft, and Google reset capex guidance this week. The supply-chain stocks that benefit most are not the ones investors name first.
The publicly traded infrastructure names that book Terafab orders before a single 2nm wafer ships.
The agentic-workload thesis says CPUs are the second axis of AI spend. Intel just printed the number that makes the case.
A chocolate coconut cream pie, a $60 billion option on Cursor, and a paid experiment dressed up as M&A. $10B is what SpaceX pays to find out. $60B is what the answer is worth if it comes back yes.
Two equal-weighted indices tracking the AI infrastructure buildout. One includes the hyperscalers, one doesn't. The one that doesn't is up more. Here is why that tells you something.
Oracle quietly bought 55 days of lead time on a 2.8 GW fuel-cell order while the rest of the industry is still waiting on the utility. On-site generation just crossed the bankability threshold, and the market is pricing speed-to-power as the scarce commodity.
CoreWeave ($CRWV) spent years as Microsoft's GPU farm. [Microsoft represented 62%](https://www.cnbc.com/2025/05/01/coreweave-stock-surges-after-microsoft-sticks-to-spending-plans.html) of CoreWeave…
A Dutch ex-Yandex spinout just signed $46B in 30 days. Meet the neocloud category through its cleanest expression: NBIS.
The data center infrastructure buildout hit another gear this week, with the equal-weighted basket surging on the back of **Amazon's** bombshell **$200B** capex guidance for 2026 and **Meta's** surpri
Amazon leads with $200B+ in forward guidance, but the real story is the mid-cap surge. Here is what the numbers say about where infrastructure dollars are flowing.
Interconnection queues are growing faster than capacity. The data shows a critical gap between planned data center capacity and available power infrastructure.