Jun. 8 at 2:55 PM
That makes three hyperscalers in 2026.
$META committed up to 6B in January
$NVDA up to 3.2B in May
Amazon today
Meanwhile
$GLW has already run about 6x since end of 2023.
Everyone debates which chip wins, but the real story is the picks and shovels layer getting paid regardless of the winner.
So the real question is not who wins AI. It is who sits one level above and collects the toll.
$AIS AI Infrastructure ETF
$POW AI Power Infrastructure ETF