Overview
- Nvidia remains the leading AI chip provider, with enormous multi‑year share gains and a notable weight in the S&P 500.
- Despite that lead, the stock’s valuation is elevated and the piece notes that market leadership can change over time.
- The AI expansion has accelerated data center development and benefited vendors like Nucor and Eaton that supply materials and power systems.
- The article contends the construction wave may cool even as existing facilities keep drawing large amounts of energy.
- Investors are urged to look further up the chain to electricity as a potentially more durable AI infrastructure opportunity.