TECHNOLOGY · INVESTMENT ANALYSIS
Capital spending is broadening beyond chips as data centers, networking, and power become the next bottlenecks.
Capital spending is broadening beyond chips as data centers, networking, and power become the next bottlenecks.
The artificial-intelligence buildout is becoming an infrastructure story. Investors are looking beyond processors to the companies supplying networking, cooling, power, and specialized software.
Valuation still matters. Strong secular demand can coexist with volatile returns when expectations are already elevated.
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Enterprise technology budgets are proving more resilient as artificial intelligence moves from pilots to production.
Chipmakers continue to post strong growth, leaving investors focused on guidance, margins, and the durability of demand.
Security remains one of the last areas enterprises are willing to cut as threats become more sophisticated.