GPUs, accelerators, datacenter buildouts, fabs, and the supply lines that gate everything else.
Intel's foundry turnaround crosses two milestones: 18A is in HVM with the first consumer chips (Panther Lake) reaching market, and 14A process design kits are now in external customers' hands. Yields on 18A remain the variable to watch through end of year.
Estimated 2026 AI data center spend hits $650B. Stargate's Abilene campus is live at 1.2 GW; Microsoft picks up 900 MW from Crusoe to fill a cancelled Stargate expansion. CoreWeave borrowed $12.4B against GPUs. Nearly half of US 2026 data center projects are cancelled or delayed.
Per TSMC's published roadmap and recent updates, the 2nm (N2) node hit volume production in Q4 2025; A16 — 1.6nm with Super Power Rail backside-power delivery — is on track for second-half 2026 production with customer ramp following in 2027. Capacity targeting 70% CAGR through 2028.
The wafer-scale-engine specialist priced at $185 a share and raised $5.55 billion on 30M Class A shares, more than tripling its $23B private mark from February. Trades as CBRS.
Per xAI's May 14 announcement, the company has agreed to provide Anthropic with access to Colossus 1 — the Memphis-based GPU supercluster Elon Musk's xAI built last year. Unusual rival-buys-from-rival arrangement.