Is AI spending peaking? Not in its suppliers’ latest numbers.
Of eight big AI suppliers, from chips to cooling, five are growing faster than a year ago: Nvidia, Broadcom, Micron, Arista and Vertiv. TSMC held steady at 41% growth; Marvell and Amphenol slowed. All eight expect higher sales next quarter.
Memory is short. A year ago, Micron had almost no long-term orders; now customers have committed to buy about $134B over up to five years, with $13B in deposits. Micron keeps 87 cents of each sales dollar after production costs, up from 45; Nvidia keeps 75.
Strategist is built to put an independent strategy beside management’s, so you can see if a plan is built for a peak or a shortage.
Which layer runs short next? strategist.intelligenxe.com
