Follow AI from the ground to the app.

1

Raw materials

the mined and refined inputs everything else starts with

Typical move +0.9%

2

Semiconductor equipment and fabrication

the fabs and tools that turn materials into advanced chips

Typical move +0.5%

3

Photonics and interconnect

moving enormous amounts of data between chips, racks and facilities

Typical move −0.4%

4

Compute silicon and memory

accelerators, CPUs and memory that perform AI workloads

Typical move +1.7%

5

Servers, racks and networking

assembling chips into clusters and connecting them into one AI system

Typical move +1.1%

6

Power and cooling

bringing electricity into the site and removing the heat

Typical move −1.1%

7

Facility and construction

designing, building and commissioning the physical campus

Typical move −0.9%

8

Data-centre owners and developers

owning the land, buildings, substations and long-lived infrastructure

Typical move +0.5%

9

GPU clouds and compute operators

turning physical infrastructure and accelerators into rentable compute

Typical move −2.4%

10

Compute buyers

the organisations contracting and consuming large blocks of AI capacity

Typical move −0.9%

11

Models and AI platforms

the intelligence layer trained and served on the underlying compute

12

End applications

where compute becomes software, automation and real economic value