The 'Picks & Shovels' AI Trade: Who Really Profits When Hyperscalers Spend Big

From Nvidia GPUs to power infrastructure, the capex enabler thesis offers steadier footing than pure AI plays—but the hyperscalers funding the boom are quietly building shovels of their own.

ndtv-profit-business · 7/12/2026, 2:00:37 AM · Ask about this →