Category
Compute & Silicon
Chips, neoclouds, power, and water. 4 pieces.
Nvidia's Quarter-Trillion Guarantee
Nvidia floated a $250 billion backstop for an OpenAI mega data center in Ohio, watched the figure shrink under investor scrutiny, and finalized a $105 billion guarantee that still reshapes the AI infrastructure trade.
The Custom Silicon Architects
OpenAI, Google, Amazon, and Meta each built proprietary chips alongside their Nvidia and AMD orders in 2026, a hedge that Google's million-unit TPU sale to Anthropic turned into a genuine second market.
The Neocloud Class
CoreWeave turned a March 2025 IPO into a near-$100 billion contract backlog inside a year, and Nebius and Nscale chased the same playbook, proving Nvidia-backed clouds built an asset class hyperscalers now compete against directly.
Power, Water, and the Microsoft Claim
Microsoft's water-positive pledge for 2030 omits the baseline figures that would let outsiders verify it, even as Virginia's data center water draw climbed 86 percent and the national grid absorbed a historic voltage event.