Energy & Grid
Feeds the whole stack. AI clusters are limited by reliable, expandable power before they are limited by code.
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AI industrial system
From Watts to Intelligence
Electricity becomes compute. Compute becomes models. Models become products. Follow the money through every layer of the AI stack — and discover which companies own each bottleneck.
AI industrial system
From Watts to Intelligence
Click any ticker to explore
Electricity becomes compute. Compute becomes models. Models become products. Follow the money through every layer of the AI stack — and discover which companies own each bottleneck.
01
Physical Inputs
Data Centers
Turn land and power into compute sites. Sites need power rights, cooling, permits, fiber, and uptime.
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02
Compute Stack
Tools
Lithography, deposition, etch — the machines that make chips.
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Fabs
Foundries decide whether chip roadmaps can ship at scale.
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AI Chips
GPUs, ASICs, and CPU IP — raw acceleration.
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Memory
HBM, DRAM, NAND — feeds the chips data.
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Systems
Servers, switches, optics — thousands of chips act as one.
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03
Intelligence Layer
Cloud
Rentable compute — capex becomes APIs.
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Models
Labs transform data into general-purpose intelligence.
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Software & Data
Enterprise value — models meet workflows.
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04
Distribution
Apps & Devices
Users meet AI here — distribution decides monetization.
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