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As you know, we've got 28-week lead times."}]}},"copper":{"title":"Copper cables & connectors","blurb":"The dense copper spine at the back of the rack and the chips that keep signals clean over it.","tickers":["ALAB","APH","CRDO","SMTC","TEL","BDC","FABC","MCHP","MTSI","MXL","RFIL"],"core":["APH","TEL","CRDO","ALAB","SMTC"],"outside":["Foxlink","Bizlink Technology Inc.","Molex LLC"],"pm_nodes":["dac-aec-cables","cable-assemblies-harnesses","retimers-signal-conditioning","copper-backplane-cartridge"],"lead":{"headline":"Easing from earlier in the ramp (2025)","items":[{"ticker":"APH","name":"Amphenol Corporation","role":"makes","date":"2025-10-22","quote":"IT Datacom specifically is there's no question that as we've gone through this cycle of the build-out and the ramp-up, our lead times have certainly come down relative to what they were early on as we were building out the capacity."}]}},"power":{"title":"Power shelves & conversion","blurb":"Turn the power coming into the rack into the low voltages the chips need.","tickers":["AEIS","BELFB","MPWR","NVTS","VICR","VRT","WOLF","ADI","ALGM","AOSL","DIOD","IPWR","NXPI","ON","POWI","STM","TXN","VSH"],"core":["VRT","AEIS","BELFB","VICR","MPWR","NVTS"],"outside":["Delta Electronics, Inc.","Qorvo Inc."],"pm_nodes":["power-shelf-server-psus","vrm-point-of-load-conversion","rack-dc-busbar","analog-pmic-microcontroller-ics"],"lead":{"headline":"About 32 weeks at onsemi","items":[{"ticker":"ON","name":"ON Semiconductor Corporation","role":"makes","date":"2026-08-03","quote":"So lead times stretched out from about 27 weeks to somewhere around 32 weeks on average. That's across the entire portfolio."},{"ticker":"VICR","name":"Vicor Corporation","role":"makes","date":"2026-04-21","quote":"in spite of the capacity expansion that we are pursuing, we see ourselves being essentially sold out in terms of capacity for the foreseeable future."}]}},"busway":{"title":"Busway & power distribution","blurb":"The overhead power rails and distribution gear that feed every rack.","tickers":["ABB","ETN","HUBB","NVT","SXI","VRT"],"core":["ETN","VRT","NVT","HUBB","ABB","SXI"],"outside":[],"pm_nodes":["busway-busduct","rack-pdu"],"lead":{"headline":"Among the longest waits on site","items":[{"ticker":"RIOT","name":"Riot Platforms, Inc.","role":"makes","date":"2026-08-10","quote":"within our engineering business, ESS Metron manufactures low and medium voltage switchgear and power distribution units, among the most severely constrained long lead components in the data center supply chain."}]}},"cooling":{"title":"Liquid cooling","blurb":"Coolant runs through cold plates on every chip, out through the manifold, and back to the CDU to shed the heat.","tickers":["MOD","NVT","PH","VRT","DOV","GTES","HLIO"],"core":["PH","DOV","NVT","VRT","MOD"],"outside":["Valvoline"],"pm_nodes":["coolant-manifold","quick-disconnect-fittings","hoses-fittings-couplings","coolant-fluid-chemistry"],"lead":{"headline":"Cooling heat exchangers: lead times getting longer","items":[{"ticker":"DOV","name":"Dover Corporation","role":"makes","date":"2026-07-23","quote":"a heat exchanger for liquid cooling of data centers. 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They push coolant through every rack and hand the heat to the building's water loop.","tickers":["CARR","MOD","NVT","TT","VRT"],"core":["VRT","MOD","NVT","CARR","TT"],"outside":["LG Electronics","Boyd Corporation","CoolIT Systems","OptiCool Technologies"],"pm_nodes":["coolant-distribution-unit","cdu","rear-door-heat-exchanger","leak-detection-systems"],"lead":{"headline":"4 to 6 months","items":[{"ticker":"MOD","name":"Modine Manufacturing Company","role":"makes","date":"2026-07-30","quote":"So, typically, we would suggest it be anywhere between a 4 to 6 month lead time."}]}},"rpp":{"title":"Power panels","blurb":"Cabinets on the hall floor that split the building's power into circuits, one feed per rack.","tickers":["ETN","VRT"],"core":["VRT","ETN"],"outside":[],"pm_nodes":["pdu-remote-power-panel","rack-pdu"],"lead":{"headline":"12 to 18 months on big orders","items":[{"ticker":"VRT","name":"Vertiv Holdings Co","role":"makes","date":"2026-02-11","quote":"We are we have been already vocal quite a lot already that our customers requested lead time pretty much ranges from twelve to eighteen months, especially when we talk about, the bigger orders."}]}},"power-room":{"title":"The electrical room","blurb":"Switchgear, transformers and battery-backed power supplies that step the site's power down and keep it flowing, even for the seconds before the generators start.","tickers":["ABB","ETN","VRT","AEIS","ALNT","ATKR","BELFB","HEI","HUBB","LFUS","MEC","MEI","NNBR","NVT","POWL","RELL","RRX","SHLS","ST","SXI","VICR"],"core":["ETN","VRT","ABB"],"outside":["Kon\u010dar Group"],"pm_nodes":["lv-switchgear-switchboards","mv-switchgear","ups-system","static-transfer-switch","unit-substation-mv-lv-transformer","busway-busduct"],"lead":{"headline":"About 35 to 40 weeks for switchgear","items":[{"ticker":"POWL","name":"Powell Industries, Inc.","role":"makes","date":"2026-02-04","quote":"we still have really good capacity running 35 to 40 weeks on gear, which is very competitive in the market"},{"ticker":"ABB","name":"ABB Ltd","role":"makes","date":"2026-07-16","quote":"The lead times are the same or similar to what they have been before."}]}},"containment":{"title":"Aisle containment & air","blurb":"Doors and roof panels that seal the cold aisle so chilled air goes through the racks instead of around them, plus the air handlers for whatever heat the liquid misses.","tickers":["VRT"],"core":["VRT"],"outside":["Kingspan Group","Lindner Group","MERO-TSK","CBI Europe"],"pm_nodes":["aisle-containment","crah-ahu","raised-access-floor"],"lead":{"headline":"Easing; one maker halved them","items":[{"ticker":"JCI","name":"Johnson Controls International plc","role":"makes","date":"2026-07-29","quote":"At ACE, we showcased how the team applied the business system to more than quadruple capacity on the computer room air handler line without significant capital investment achieving 100% on-time delivery, reducing customer lead times by half, shrinking required manufacturing floor space by more than 30% and cutting inventory by 50%."},{"ticker":"AAON","name":"AAON, Inc.","role":"makes","date":"2026-05-07","quote":"As a result, we remain focused on further ramping production to work down backlog in normalized lead times."}]}},"network":{"title":"The network room","blurb":"The big switches that tie every rack together and connect the hall to the outside world, with the fibre patch frames that make it all reconfigurable.","tickers":["ANET","CSCO","ADTN","ATEN","DGII","FFIV","KEYS","NOK","NTCT","TDY","VIAV"],"core":["ANET","CSCO"],"outside":["ZTE Corporation","Huawei Technologies","CommScope"],"pm_nodes":["data-center-switch","optical-circuit-switch","fiber-connectivity-hardware","nic-dpu"],"lead":{"headline":"Supply-limited; chips take about 52 weeks","items":[{"ticker":"CIEN","name":"Ciena Corporation","role":"makes","date":"2026-09-03","quote":"It would be greater than that if we had more supply. 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We have firm POs with our top seven customers."}]}},"tenants":{"title":"The data halls","blurb":"The buildings full of racks. The companies that rent or own this compute are the reason the whole campus exists.","tickers":["AGPU","AMZN","APLD","BTBT","BTDR","CHRN","CIFR","CLSK","CORZ","CRWV","GOOGL","HIVE","HUT","IREN","KEEL","MARA","META","MOVE","MSFT","NBIS","NUAI","ORCL","RIOT","WULF","WYFI"],"core":[],"outside":[],"pm_nodes":["integrated-ai-rack"],"lead":{"headline":"AI cloud capacity sold out","items":[{"ticker":"CRWV","name":"CoreWeave, Inc. Class A Common Stock","role":"makes","date":"2026-08-11","quote":"Our near-term capacity remains effectively sold out."},{"ticker":"NBIS","name":"Nebius Group N.V.","role":"makes","date":"2026-05-13","quote":"First of all, we are sold out again in Q1 as we have for several quarters as demand continues to significantly exceed available capacity. The vast majority of capacity coming online over the next several quarters to 12 months is already under contract or earmarked for our AI cloud customers."}]}},"operator-hq":{"title":"The operator","blurb":"The company that owns and runs the campus: it leases space, power and cooling to the tenants and keeps everything running.","tickers":["CCOI","DLR","DOCN","EQIX","GDS","IRM","VNET"],"core":[],"outside":[],"pm_nodes":[],"lead":{"headline":"Most new space is pre-leased before it opens","items":[{"ticker":"DLR","name":"Digital Realty Trust, Inc.","role":"sells","date":"2026-07-23","quote":"The development pipeline is now 63% pre-leased at an 11.5% average expected stabilized yield."},{"ticker":"IRM","name":"Iron Mountain Incorporated","role":"sells","date":"2026-04-30","quote":"The vast majority of what we're constructing is already pre-leased to fantastic high credit quality tenants with long-duration leases."}]}},"control-room":{"title":"The control room","blurb":"Screens, sensors and control systems that watch every pump, breaker and temperature on site, day and night.","tickers":["AME","EMR","HON","LTRX","MRCY","ROK","SLAB"],"core":[],"outside":["Siemens AG","Dr. Johannes Heidenhain GmbH"],"pm_nodes":["bms-dcim-systems","field-sensors-controllers","control-panels-bas-interface","fire-detection","physical-security-systems"]},"hall-building":{"title":"The building itself","blurb":"Walls, roofs, doors, security and lifts: the shell that keeps the weather out and the equipment safe.","tickers":["ALLE","AWI","AYI","OESX","OTIS","PPG","RPM","SSD","WLK","WOR"],"core":[],"outside":["Clark Pacific","Tindall Corporation","Coreslab Structures","Forterra","CornellCookson","Overhead Door Corporation","ASSA ABLOY (BILCO)","Nystrom"],"pm_nodes":["precast-tilt-up-shell","structural-steel","roofing-systems","building-entrances-louvers","fireproofing","pre-fabricated-modular-data-center"],"lead":{"headline":"2026 space gone; 2027 scarce","items":[{"ticker":"BIP","name":"Brookfield Infrastructure Partners L.P.","role":"makes","date":"2026-04-29","quote":"There's effectively no data center inventory remaining for 2026. And even 2027 is quite scarce."}]}},"substation":{"title":"Substation & transformers","blurb":"Where the high-voltage grid arrives. Giant transformers step the power down and breakers protect everything behind them.","tickers":["ABB","ETN","GEV","HUBB","SXI","AMSC"],"core":["GEV","ETN","ABB","HUBB","SXI"],"outside":["Hitachi Energy","WEG S.A.","Schweitzer Engineering Laboratories"],"pm_nodes":["large-power-transformer","hv-switchgear-breakers","protection-relays","substation-structures-hardware","current-transformers-cts"],"lead":{"headline":"3 to 4 years for major equipment (2025)","items":[{"ticker":"FE","name":"FirstEnergy Corp.","role":"buys","date":"2025-10-23","quote":"We're seeing more of the 3- to 4-year lead time on major equipment. But the pricing remains pretty strong on that."},{"ticker":"HUBB","name":"Hubbell Inc","role":"makes","date":"2026-07-28","quote":"We are seeing orders starting to be booked into 2027. that is particularly on the transmission and substation side of the business."},{"ticker":"AMSC","name":"American Superconductor Corporation","role":"makes","date":"2026-05-28","quote":"And our lead times are still kind of averaging in that 9 to 12 months, which means that we can continue to add orders to improve the forward-looking 4 quarters."}]}},"grid":{"title":"The grid","blurb":"Transmission lines bring power from the utility. Getting enough of it, fast enough, is one of the biggest limits on how quickly campuses like this get built.","tickers":["ACA","AEE","AEP","AVA","BKH","CMS","CNP","D","DTE","DUK","EIX","ETR","EVRG","EXC","FE","IDA","LNT","MDU","NEE","NI","NWE","OGE","OGS","PCG","PEG","PNW","POR","PPL","SO","SRE","TXNM","UGI","VMI","WEC","XEL"],"core":[],"outside":["Midwest Transmission Holdings","Southwire","Prysmian Group","Nexans","Sumitomo Electric Industries","LS Cable & System","ZTT (Jiangsu Zhongtian Technology)","Elsewedy Electric"],"pm_nodes":["transmission-towers-structures","transmission-conductor","transmission-insulators","electric-power-supply"],"lead":{"headline":"Connection takes 5 to 7 years in some US areas","items":[{"ticker":"NEE","name":"NextEra Energy, Inc.","role":"sees","date":"2026-04-23","quote":"the load interconnect process is taking 5 to 7 years to clear."},{"ticker":"LGRVF","name":"Legrand","role":"sees","date":"2026-02-12","quote":"there are some countries where it can take up to 2, 3, 4 years for a data center to get connected to the grid"}]}},"power-plant":{"title":"Power plants","blurb":"Independent power producers that generate electricity and sell it into the grid, sometimes under long contracts with data center operators.","tickers":["AES","AMRC","BEP","CEG","CWEN","FRVO","HNRG","NRG","ORA","RNW","TAC","TLN","VST"],"core":[],"outside":["174 Power Global","Chelan County PUD","Columbia Basin Hydro","Douglas County PUD","Grant County PUD","JP Morgan Infra / CIRI","Strata Clean Energy"],"pm_nodes":["electric-power-supply"],"lead":{"headline":"Turbines sold out through 2030","items":[{"ticker":"GEV","name":"GE Vernova Inc.","role":"makes","date":"2026-07-22","quote":"we expect to end the year with at least 125 gigawatts under contract, making us mostly sold out through 2030, and to have sold more than half of the 30 gigawatts of 2031 production slots by the end of this year."}]}},"gas-line":{"title":"Gas supply","blurb":"A pipeline lateral feeds natural gas to the on-site turbines. Behind it: producers, pipelines, compression and the services that keep gas flowing.","tickers":["CLMT","CRK","CVX","DNOW","DTM","DVN","ENB","EQT","ET","HP","KGS","KMI","L","LBRT","MG","MMLP","MPLX","NEXT","OKE","OXY","PBA","PUMP","RRC","SLB","TRP","USAC","WMB","XOM"],"core":[],"outside":["CNX Resources Corporation","Expand Energy Corporation","Kinetik Holdings Inc."],"pm_nodes":["gas-lateral-pipeline","gas-compression","natural-gas-supply","gas-metering-regulation"],"lead":{"headline":"New pipeline fully contracted; some engines take about 150 weeks","items":[{"ticker":"ET","name":"Energy Transfer LP","role":"makes","date":"2026-05-05","quote":"The pipe is fully contracted from west to east, and we also have a growing amount of backhaul volumes committed that are expected to add significant upside."},{"ticker":"USAC","name":"USA Compression Partners, LP","role":"buys","date":"2026-05-05","quote":"Certain new engine lead times have recently tripled from 50 weeks to approximately 150 weeks."}]}},"turbines":{"title":"Gas turbines","blurb":"On-site turbines that turn gas into power right next to the halls, so the campus doesn't have to wait for the grid.","tickers":["CAT","BKR","BW","GEV","HWM","BWEN","FTEK","GTX","NPWR","SEI"],"core":["GEV","BKR","CAT","BW","HWM"],"outside":["Mitsubishi Power Americas, Inc.","Boom Supersonic"],"pm_nodes":["gas-turbine-package"],"lead":{"headline":"Sold out through 2030","items":[{"ticker":"GEV","name":"GE Vernova Inc.","role":"makes","date":"2026-07-22","quote":"we expect to end the year with at least 125 gigawatts under contract, making us mostly sold out through 2030, and to have sold more than half of the 30 gigawatts of 2031 production slots by the end of this year."},{"ticker":"BKR","name":"Baker Hughes Co","role":"makes","date":"2026-04-24","quote":"we're effectively sold out of NovaLTs through 2028"},{"ticker":"FTEK","name":"Fuel Tech, Inc.","role":"sees","date":"2026-08-05","quote":"many of the major gas turbine suppliers have delivery lead times of greater than 5 years for large turbines"}]}},"reactor":{"title":"Nuclear","blurb":"Small reactors, the fuel they burn, and the companies building them. A long-term option for steady, carbon-free power on site.","tickers":["BWXT","CCJ","CW","IMSR","LEU","MIR","NNE","NXE","OKLO","SMR","UEC","URG","XE"],"core":[],"outside":[],"pm_nodes":["nuclear-fuel"],"lead":{"headline":"Years: new fuel capacity is 2\u20133 years out","items":[{"ticker":"LEU","name":"Centrus Energy Corp.","role":"makes","date":"2026-08-06","quote":"And more importantly, this is 2026, we still have 2, 3 more years or so until there is capacity that's going to start to come online from numerous projects that have been announced. And so I still think that my personal view is there is going to be -- continue to be constrained. We're going to continue to see some of the dynamics of being a seller's market, so to speak."},{"ticker":"SMR","name":"NuScale Power Corporation","role":"buys","date":"2026-08-05","quote":"Fuel design has a long lead time, years, not months."}]}},"fuel-cells":{"title":"Fuel cells","blurb":"Boxes that turn gas or hydrogen into electricity without burning it. 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cloud capacity through December 2032 for approximately $2"],["NVDA","CRWV","Blackwell GPUs for GPU cloud"],["VRT","CRWV","UPS, PDUs, liquid cooling CDUs"],["PPL","CRWV","Signed ESA for data center"],["GLXY","CRWV","800 MW AI/HPC data center capacity, 15-year lease"],["CSCO","EQIX","Core switches, routers; Secure AI Factory with NVIDIA"],["CSCO","TU","5G capabilities for IoT"],["CSCO","KD","technology vendor"],["FN","CSCO","Optical contract manufacturing"],["VIAV","CSCO","Systems-level network test equipment"],["CTRI","ENB",""],["CTRI","SO",""],["CTRI","SRE",""],["CTRI","ETR",""],["CTRI","EXC",""],["CTRI","NI",""],["CVX","MSFT","2.67 GW behind-the-meter power via 20-year PPA"],["MSFT","CVX","Exclusive discussions on power project in West Texas"],["TPL","CVX","Agreement to provide land and water solutions for a large-scale power project"],["HUN","CVX",""],["CW","SMR","supplier for NPM components and sensors/instrumentation"],["HON","CW","Delivers voice recorders with Honeywell for Boeing platforms."],["CWEN","PCG","Long-term renewable energy PPAs (~17% of CWEN revenue)"],["CWEN","EIX","Long-term renewable energy PPAs (~24% of CWEN revenue)"],["D","ENB",""],["NEE","D","NextEra Energy and Dominion Energy to combine in an all-stock transaction."],["PRIM","D","Gas distribution, electric transmission & distribution, substations"],["DBRG","ORCL","Anchor tenant on mega campuses"],["HUN","DD",""],["DELL","NTNX","OEM partner for PowerFlex, PowerStore; revenue recognized when they ship appliances."],["DELL","IREN","GB300 NVL72 server integration and InfiniBand networking"],["DELL","PENG","Partner for enterprise AI deployments, e.g., Deepgram win."],["DELL","TDC","servers"],["DELL","HIVE","GPU server cases"],["DELL","WYFI","Server hardware for AI infrastructure"],["NVDA","DELL","Dell AI factory with NVIDIA, Vera Rubin rack scale platform"],["GOOGL","DELL","Bringing Gemini models on-prem with confidential compute"],["DLR","META",""],["DLR","ORCL","Colocation services"],["DLR","LUMN",""],["VRT","DLR","Power and thermal management for DC facilities"],["PBA","DOW","57,500 bpd ethane supply via Heartland Extraction Plant"],["XYL","DOW","Agreement to design, build and operate advanced water systems at Dow's industrial complex"],["FLR","DOW","Hosting the SMR project with X-energy at its Seadrift site."],["GSM","DOW","Silicon metal"],["XE","DOW","Received NRC Environmental Assessment for Dow's advanced nuclear project in Seadrift, Texas"],["DTE","GOOGL","1 GW power for Van Buren Twp data center"],["DTE","ORCL","1.4 GW data center, approved and under construction, will generate ~$300M annual affordability benefits"],["DTM","MSFT","Data center load driver in Wisconsin; Phase 1 of Mount Pleasant data center under construction and energy flow"],["DUK","WYFI","99 MW electrical capacity at NC-1 campus"],["GEV","DUK","Gas turbines"],["PWR","DUK","T&D construction and grid modernization"],["WMB","DUK","Natural gas transmission"],["PRIM","DUK","Gas distribution, electric transmission & distribution, substations"],["MIR","DUK","Nuclear radiation monitoring equipment"],["HNRG","DUK",""],["TPL","DVN","Strong completion activity in the Delaware Basin"],["FRVO","DVN","Devon led Series D, partnership for geothermal technology; Fervo filed S-1 for IPO."],["DY","LUMN","Long-haul fiber construction"],["GLW","DY","Corning scaling fiber manufacturing in response to demand as noted by Dan"],["FCEL","EIX",""],["WLDN","EIX","2-year contract extension for commercial energy efficiency program"],["EMR","NVDA","NI PXI test systems, LabVIEW for GPU/AI chip validation"],["EMR","XOM","adiabatic-water-controls"],["EMR","EXC",""],["EMR","NEXT","Train 4&5 expansion at Rio Grande LNG"],["ENB","META","Renewable power purchase agreements for data centers"],["ENB","ET","ongoing joint project to move crude via DAPL, FID not yet taken"],["TSLA","ENB","Battery Energy Storage System (135 MW BESS for Cowboy Phase 1)"],["ENTG","TSM","CMP slurries, advanced deposition materials, filtration, FOUPs, fluid management"],["EOSE","TLN","Submitted LDES projects into PJM queue; existing framework agreement"],["NVDA","EQIX","DGX GB300/B300, Blackwell Ultra GPUs, Mission Control software"],["VRT","EQIX","UPS, cooling, monitoring, services for global colo"],["OKLO","EQIX","nuclear power for data centers"],["GOOGL","EQT","EQT and Google Cloud announced a partnership to bring Google Cloud's AI platform to EQT's portfolio companies."],["SRE","EQT",""],["ET","ETR","20-year binding agreement, lateral upsized to 36-inch, Tiger Pipeline"],["ETN","FIX","Switchgear, power distribution, UPS"],["NVDA","ETN","Design partnership for next-generation chips (Vera Rubin) and complete solution for AI factories."],["ETR","GOOGL","West Memphis data center power and dedicated solar + storage"],["ETR","META","Dedicated power supply under two ESAs (7.5+ GW)"],["ETR","HUT","Grid utility service \u2014 substation for River Bend"],["PRIM","ETR","Gas distribution, electric transmission & distribution, substations"],["EVRG","GOOGL","counterparty for two data center ESAs"],["EVRG","META","counterparty for one data center ESA"],["FABC","KOPN","Initial purchase order for Neural I/o chipset development; Kopin took 19.9% equity stake, exclusive manufactur"],["KOPN","FABC","Neural I/O MicroLED optical interconnect chipsets"],["FLEX","FFIV","PCB assembly, box build, system integration"],["NVDA","FFIV","BlueField-3 / BlueField-4 DPUs for BIG-IP Next CNFs and AI acceleration"],["ARM","FFIV","AGI CPU for AI traffic management and security"],["TT","FIX","Chillers and HVAC systems"],["JCI","FIX","Building automation (Metasys), YORK chillers"],["SPXC","FIX","Cooling towers"],["FLEX","TDC","hardware components assembly and configuration"],["FLEX","GOOGL","Power infrastructure, thermal systems, complex hardware manufacturing"],["FLEX","TER","Contract manufacturing for ATE systems and robotics components"],["FLEX","ON","Partnership spans more than 30 active programs across intermediate bus converters, power supplies, battery bac"],["FLR","WULF","EPC/EPCM services for 480 MW AI data center campus"],["FLR","UEC","EPC services for UR&C uranium conversion facility"],["FLR","LEU","EPC services for Piketon centrifuge facility expansion"],["FLR","SMR","Exclusive EPC construction rights for SMR plants"],["FLR","USAR","Engineering services for Round Top feasibility study and process validation"],["SMR","FLR","Completed sell-down of NuScale shares; continuing to work on SMR projects using NuScale technology."],["FN","NVDA","800G/1.6T optical transceivers and NVLink cable assemblies"],["FORM","NVDA","Apollo MEMS networking probe cards; GPU probe cards; CPO test systems"],["FORM","TSM","Apollo MEMS GPU probe cards"],["FORM","INTC","Apollo MEMS CPU probe cards"],["FSLR","NEE","CdTe thin-film solar panels"],["GEV","FTEK","GE Vernova turbine used in Midwest utility expansion; model commonly deployed for data centers; Fuel Tech prov"],["MU","FTNT","DRAM and NAND flash memory for FortiGate appliances"],["INTC","FTNT","CPUs and memory devices"],["MRVL","FTNT","network and wireless chips"],["QCOM","FTNT","network and wireless chips"],["TSM","FTNT","5nm wafer fabrication for SP5 Security Processor ASIC (and likely NP7, CP9)"],["SNX","FTNT","technology distributor"],["WWD","GEV","Fuel control systems and turbine management"],["GFS","SLAB","40nm LP CMOS wafer foundry for Series 2 Wi-Fi SoCs and wireless chips"],["GFS","NVTS","650V GaN for AI data center power"],["GFS","LWLG","Foundry partner with PDK integration."],["GFS","QUIK","Contract will target GlobalFoundries 12LP fabrication process"],["GLW","GFS","fiber attach solutions for CPO"],["SNPS","GFS","ARC Processor IP (RISC-V CPU, DSP, NPU)"],["GLW","META","Fiber optic cable for data center interconnect"],["GLW","LUMN","Gen AI fiber and cable for data center interconnect"],["GLW","TE","Polysilicon and silicon wafers for solar cells"],["NVDA","GLW","Multiyear commercial and technology partnership to expand U.S. manufacturing of optical connectivity solutions"],["GOOGL","NTAP","Expanded partnership for Google Distributed Cloud, contributing to product revenue in Q4."],["NVDA","GOOGL","Blackwell GPUs + Spectrum-X"],["MU","GOOGL","Google Pixel 10 with agentic AI"],["INTC","GOOGL","Long-term agreement for Xeon IPUs and trusted partnership"],["NVDA","GRRR","B300 GPUs (direct GPU supply)"],["AMZN","GRRR","Cloud infrastructure for hosting some of Gorilla's platform features and services"],["SMCI","GRRR","20,736 B300 + 5,120 B200 GPUs + networking"],["GSM","TSLA","Potential significant silicon metal demand driver as Tesla plans 100GW solar capacity by 2028."],["TKR","GTES","Timken sells its belts business to Gates"],["GTX","IR","Ingersoll Rand and Garrett Motion announce a multiyear strategic partnership to develop next generation oil-fr"],["IR","GTX","Multiyear strategic partnership to develop next generation oil-free air technologies."],["GWH","GOOGL","Confirmed as offtaker for SRP project"],["KKR","HASI","CCH1 co-investor, increased commitments to $3B total equity"],["NVDA","HIVE","GB200 NVL72 Grace Blackwell GPUs, Quantum InfiniBand networking, reference architecture"],["AMD","HIVE","GPU cards"],["SMCI","HIVE","GPU server cases"],["HON","SOLS","Transition Services Agreement (IT, finance, HR)"],["HON","SMR","control systems"],["HPE","LSCC","Mentioned as a BMC vendor partner of AMI and Lattice intends to continue partnership"],["HPE","WYFI","Server and compute hardware"],["NVDA","HPE","Blackwell B200/GB200, H200 GPUs; Spectrum-X Ethernet; BlueField-3 DPUs; ConnectX-8 SuperNICs"],["INTC","HPE","Xeon server CPUs for ProLiant traditional servers"],["HPQ","SNX","PCs, printers, peripherals, enterprise hardware"],["NVDA","HPQ","GPUs for advanced graphics and compute workloads"],["INTC","HPQ","processors for PCs and workstations"],["HUN","PH",""],["HUN","MMM",""],["HUN","TTMI",""],["OLN","HUN","Ethylene dichloride"],["HUT","GOOGL",""],["NVDA","HUT","Design and technology partner for Beacon Point"],["GOOGL","HUT","Credit enhancement on River Bend deal"],["NEE","HUT","Mark Eidelman previously led investor relations at NextEra Energy."],["VRT","HUT","AI-optimized data center infrastructure solution"],["J","HUT","Construction partner"],["HWM","SWK","Buyer of Aerospace Fasteners (CAM) business; transaction closed April 6."],["ICHR","LRCX","Gas delivery panels and subsystems for precise multi-gas mixing"],["IDA","META","Data center customer, in testing and commissioning stage."],["IDA","MU","Large industrial customer; first fab under construction, second fab ground preparation started."],["INTC","NVDA","Quad-die GPU using 18A and EMIB packaging (evaluation phase)"],["INTC","TSLA","Partner for chip fab technology (14A process)"],["INTC","UMC","12-nanometer collaboration, PDK delivery 2026, tape-out 2027"],["TSM","INTC","Important foundry partner for multi-foundry approach"],["TSLA","INTC","Terafab partnership"],["KLAC","INTC","Intel was public about increasing their metrology usage, a positive for KLA's process control adoption."],["NVDA","IPWR","Hyperscaler SSCB prototype targets NVIDIA Rubin Ultra rack architecture"],["IR","KEX","air start equipment to the nuclear industry"],["IREN","NVDA","Blackwell GPU cloud (60MW air-cooled Childress, managed services)"],["IREN","MSFT","GB300 NVL72 GPU cloud (Childress Horizons, 200MW liquid-cooled)"],["NVDA","IREN","GB300 NVL72 and B200/B300 GPUs, InfiniBand Quantum-X800 back-end fabric"],["SMCI","IREN","Hardware providers for HPC and AI services and equipment suppliers for data centers"],["J","MSFT","data-center-construction"],["NVDA","J","Omniverse DSX digital twin platform"],["JBL","TRMB","contract manufacturing partners"],["NVDA","KD","AI software (NeMo) and accelerated computing"],["GOOGL","KD","GCP + Google Distributed Cloud"],["MSFT","KD","Azure cloud platform"],["AMZN","KD","AWS cloud infrastructure"],["ORCL","KD","technology vendor"],["VRT","KEEL","Provided modular data center equipment for Moses Lake"],["PPL","KEEL","350 MW Electric Service Agreement (ESA) for Panther Creek data center campus"],["WWD","KEX","products to the nuclear industry"],["KKR","PH","KKR sold CIRCOR Aerospace to Parker Hannifin for $2.55 billion."],["KKR","SRE","Buyer of 45% stake in Sempra Infrastructure Partners; transaction on track to close Q2\u2011Q3 2026."],["KLAC","TSM","Process control for N3E, N2, A16, CoWoS/SoIC packaging"],["LB","OXY",""],["LB","TPL",""],["LBRT","OXY",""],["LEU","OKLO","Centrus agrees to supply enough domestic HALEU to power up to five Aurora powerhouses for multiple years, with"],["LIN","SKYT","bulk and specialty gases"],["LITE","GOOGL","Apollo MEMS OCS (sole source), EML/CW lasers, cloud transceivers"],["LNT","META","Electricity for AI data center"],["LRCX","TSM","Dielectric etch, conductor etch, ALD, advanced packaging (CoWoS, SoIC)"],["UCTT","LRCX","Gas delivery panels, chemical delivery modules, subsystems"],["TSM","LSCC","Wafer foundry: 16nm FinFET for Avant, Nexus 2; 350nm/130nm/55nm/40nm legacy nodes"],["UMC","LSCC","130nm-40nm CMOS + embedded flash"],["NXPI","LSCC","Mentioned as a BMC vendor partner of AMI"],["MRVL","LTRX","manage the manufacture of our large-scale integration chips in Taiwan"],["QCOM","LTRX","Dragonwing processors (QRB5165, QCS8250, QCS8550, QCS6490) for Open-Q SoMs"],["GOOGL","LUMN","Private connectivity discovery on Google Cloud Marketplace, powered by Lumen"],["AMZN","LUMN","New offering launched: AWS Interconnect - last mile"],["VIAV","LUMN",""],["LWLG","MRVL","Acquired Polariton; now a Stage 3 customer via the acquisition."],["TSEM","LWLG","Foundry partner with PDK integration."],["NVDA","META","Blackwell + Rubin GPUs + Spectrum-X"],["QCOM","META","Dragonfly C1000 CPU and Snapdragon AR1/XR2 for smart glasses"],["MIR","NEE","Radiation monitoring systems, nuclear I&C"],["MIR","SMR","CoreVision neutron monitoring + HIPS reactor protection system"],["MOD","TT","chiller"],["NVDA","MOVE","GPUs including B200 and H200"],["MPLX","NEXT","Bay Runner pipelines connect to NextDecade\u2019s LNG facility in Brownsville."],["MPWR","NVDA","Multi-phase power stages/VRMs for GB200/GB300 platforms"],["NVDA","MRCY","GPU products"],["AMD","MRCY","Field Programmable Gate Arrays (FPGA)"],["INTC","MRCY","Agilex 9 Direct RF FPGA chips and Intel server-class processors"],["NVDA","MRVL","Expanded partnership including optics collaboration, NVLink fusion integration, AI-RAN, and equity investment."],["TSM","MRVL","Advanced-node wafer fabrication (N5, N3, N2)"],["RMBS","MRVL",""],["MSFT","NTAP","Azure NetApp Files used for financial risk modeling."],["MSFT","RBRK","Cloud infrastructure (Azure) for Rubrik Security Cloud and Cloud Vault hosting"],["MSFT","SNX","Software, cloud, AI - Frontier Distributor"],["NVDA","MSFT","Blackwell GPUs + Spectrum-X"],["VRT","MSFT","Power and thermal management (UPS, cooling, PDUs)"],["MU","NVDA","HBM3e memory"],["RMBS","MU","DDR5 RCD, PMIC, SPD Hub and patent licensing"],["SIMO","MU","NAND flash controllers (client SSD, enterprise SSD, eMMC/UFS)"],["SVCO","MU","Jivaro"],["TSM","MXL","Mature/advanced node wafers for broadband, connectivity, wireless"],["INTC","MXL","turnkey products"],["UMC","MXL","Broadband, connectivity, industrial chips"],["MYRG","XEL","$500M 5-year T&D MSA (Sturgeon Electric)"],["NBIS","MSFT","Dedicated GPU infrastructure (Azure AI)"],["NBIS","META","Dedicated GPU infrastructure (Vera Rubin)"],["NVDA","NBIS","Equity investment from NVIDIA, strategic partnership on GPUs"],["VRT","NBIS",""],["NEE","XEL","Co-development of generation, storage, and transmission projects"],["NEE","WEC","Nuclear electricity under PPA (Point Beach plant)"],["NEE","OGE","solar capacity (600 MW nameplate)"],["NEE","RRC","Range sees opportunity to supply gas to a new NextEra power generation facility in Southwest PA"],["NVDA","NEE","Collaboration to enable data center load shifting as a grid resource"],["XEL","NEE","Joint development agreement to plan and deploy generation, storage and transmission in Excel's territory"],["RELL","NEE","ULTRA3000 pitch energy modules"],["NI","GOOGL","340 MW pooled generation (battery + market purchases)"],["NI","AMZN","Expanded contract serving data centers in Indiana"],["PWR","NI","EPC construction services for GenCo gas plants and electric T&D"],["NNBR","NVDA","Liquid cooling QD couplings for AI reasoning racks"],["NVDA","NOK","AI-RAN partnership; field trials by end of 2026"],["VIAV","NOK","Optical transport and network test equipment"],["NVDA","NOVT","Joined NVIDIA Halos AI Systems Inspection Lab for servo drive certification in AI-driven robotics"],["NTAP","TDC","storage disk systems"],["NVDA","NTAP","AFX deployed for NVIDIA SuperPOD environment for European government agency."],["SMCI","NTNX","White-label NX server nodes (HCI appliances)"],["VST","NUAI","Nearby merchant power facility from which the Company plans to source a portion of its initial capacity"],["NUE","WS","Hot-rolled & cold-rolled carbon steel coils"],["NUE","NWPX","Hot-rolled steel coil and plate"],["SMR","NUE","Nucor invested in small modular reactor technology"],["TSM","NVDA","Blackwell GB200/GB300, Vera Rubin AI GPUs + CoWoS-L (N4, N3)"],["NVTS","NVDA","GaN/SiC power solutions for 800V HVDC MGX ecosystem"],["TSM","NVTS","Foundry partner; building buffers to ensure smooth transition."],["NVDA","NVTS","Navitas participates in NVIDIA MGX ecosystem for AI data centers"],["STLD","NWPX","hot rolled steel coil and steel plate"],["NXT","TE","Patented steel module frames (Origami Solar)"],["OGE","GOOGL","OG&E will power three new data centers for Google in Muskogee and Stillwater."],["OKLO","META","Co-developing 1.2 GW Aurora campus in Ohio"],["OKLO","VRT","Partnership for bring-your-own-power solutions."],["ORA","GOOGL","150 MW geothermal power (15-year PPA via NV Energy CTT)"],["SLB","ORA","EGS subsurface technology and pilot at Desert Peak, NV"],["PANW","ORCL","Named as SASE customer among leading technology companies."],["TPL","OXY","Strong completion activity in the Delaware Basin"],["PUMP","OXY","Completion services"],["PANW","RBRK","Partner for prevention and detection"],["PANW","SNX","Cybersecurity solutions"],["PANW","KD","technology vendor"],["TAC","PBA",""],["NVDA","PCOR","integrating Procore platform with NVIDIA to accelerate building of AI factories and critical infrastructure"],["AMZN","PCOR","AI large language models (Amazon Bedrock)"],["PDFS","INTC","Intel standardizing on secureWISE"],["NVDA","PENG","GPUs (H100, H200, B200, B300, RTX PRO 6000) and DGX systems"],["AMD","PENG","EPYC 9005 processors and Instinct MI300X GPUs"],["INTC","PENG","Xeon Scalable processors"],["CLS","PENG","contract manufacturers"],["SMCI","PENG","gpu-baseboard"],["SNX","PENG","providers of computing, communications and graphics processors"],["PLXS","TER","contract-manufacturing"],["PNW","TSM","Accelerating fab expansion in Arizona; Fab 4 and packaging facility started construction."],["POWI","NVDA","1,250V/1,700V PowiGaN switches for 800V DC AI data center architecture"],["PRIM","XOM",""],["PRIM","WMB",""],["PRIM","SRE","Gas distribution, electric transmission & distribution, substations"],["PRIM","XEL","Gas distribution, electric transmission & distribution, substations"],["PUMP","XOM","Hydraulic fracturing, wireline, and pumpdown services"],["PWR","WMB",""],["Q","TSM","CMP slurries/pads, advanced packaging chemistry, post-CMP cleans"],["QCOM","STM","Supporting Qualcomm's Personal AI platform with sensors and NFC"],["TSM","QCOM","Advanced node wafers (N3/N4) for Snapdragon, Dragonfly CPUs, AI accelerators, custom ASICs"],["RMBS","QCOM",""],["TSM","QUIK","Wafer fabrication (12nm N12e, 65nm, data center ASIC)"],["RBRK","KD","technology vendor"],["SMCI","RBRK","general-purpose-server"],["RIOT","AMD","AI/HPC data center capacity (50 MW at Rockdale)"],["RMBS","NVDA","HBM4E controller IP and PCIe 7.0 IP for GPU/accelerator"],["RMBS","WDC",""],["RMBS","STM",""],["AMD","RMBS","Rambus' MRDIMM and Gen5 ramps depend on AMD platform launches"],["INTC","RMBS","Rambus' MRDIMM and Gen5 ramps depend on Intel platform launches"],["RPM","AMZN",""],["SHMD","NVDA","Advanced packaging substrates for H100/B200/next-gen GPUs (indirect via substrate manufacturers)"],["SHMD","TSM","InfinityLine for 310\u00d7310mm panel-level packaging (CoPoS platform)"],["SHMD","AMD","Substrates for MI300X/next-gen AI GPUs (indirect via substrate manufacturers)"],["SHMD","TTMI","InfinityLine equipment for AI server PCB production"],["SIMO","NVDA","Boot drive storage controller for DPU BlueField and next-gen switches"],["SIMO","GOOGL","Sampling for TPU architecture"],["TSM","SIMO","Advanced-node wafer foundry (6nm, 4nm)"],["TSM","SITM","Analog CMOS wafers (0.18/0.15/0.13um)"],["UMC","SITM","analog mixed-signal circuit ICs"],["AMZN","SLAB","Appeared on stage at Works with Austin Summit to introduce new design tools"],["TSM","SLAB","22nm CMOS wafer foundry for Series 3 wireless SoCs"],["NVDA","SLB","GPUs, NeMo AI software, NIM inference microservices, DSX reference architecture"],["SMCI","WYFI","AI-optimized server hardware for GPU clusters"],["NVDA","SMCI","GB300/B200/Vera Rubin GPUs, NVSwitch 5, ConnectX-8 SuperNICs"],["AVGO","SMCI","Tomahawk 6 102.4Tbps Ethernet switches, PCIe switches"],["AMD","SMCI","AMD-based GPU server platforms"],["INTC","SMCI","Xeon 6+ CPUs, BMC/server management silicon"],["AVGO","SMTC","High-quality SerDes from Broadcom act as a performance enabler for Semtech's linear redriver/ACC solutions."],["STLD","WS","flat-rolled steel"],["STRL","META","Data center civil/site work"],["TAC","META","electric-power-supply"],["NVDA","TDC","graphics processing units (GPU)"],["GOOGL","TDC","Teradata analyst agent on Google Cloud Marketplace and Google Distributed Cloud partnership"],["MSFT","TDC","Teradata analyst agent available on Microsoft Marketplace"],["TECK","WS","zinc"],["NVDA","TER","Demonstrated physical AI work cell at NVIDIA GTC"],["VRT","TGEN","Vertiv approved purchasing 1 MW of cooling; PO is in process, chillers to be installed permanently at a Vertiv"],["TLN","AMZN","1,920 MW nuclear power purchase agreement (17-year)"],["TLN","XE","Exploring deployment of Xe-100 SMRs with Talen Energy in Pennsylvania and across PJM"],["TPL","XOM","Strong activity in Martin County, Midland Basin"],["TRNO","AMZN",""],["NVDA","TSEM","NVIDIA partnership as a development partner for Si Pho."],["TSM","TSLA","Mentioned as a customer and competitor; C.C. Wei: 'both Intel and Tesla, they are TSMC's customers.'"],["NVDA","TSSI","Mentioned as making substantial investments in optical networking, pushing technical burden to supplier commun"],["NVDA","TT","Working with chip manufacturers on reference designs for data centers of the future"],["NVDA","TU","H200 and Blackwell GPUs, Quantum-2 InfiniBand"],["GOOGL","TU","cloud-based data platform"],["UMC","TXN","Mature-node foundry (commodity analog, declining)"],["UCTT","TSM","leading-edge foundry customer investing in new fabs"],["UCTT","INTC","leading-edge logic customer investing in new fabs"],["DELL","UIS","Data center hardware (servers, storage, networking), enterprise devices"],["VNET","MSFT","Exclusive Azure China and M365 China operations"],["VRT","GOOGL","Power management and thermal for Google DCs"],["VST","META","Long-term power purchase agreements for PJM nuclear capacity and upgrades"],["NVDA","VST","Pilot projects in Silicon Valley for load flexibility solutions"],["WEC","MSFT","Data center complex in Southeastern Wisconsin, 2,200 acres purchased, load in 5-year plan"],["WS","WOR","Flat-rolled steel"],["WTS","S","lead partner for Wayfinder Frontier AI services"],["WULF","GOOGL","Credit enhancement/backstop ($1.3B) and equity stake"],["NVDA","WYFI","GPUs (H100, H200, B200, GB200 servers)"],["XEL","GOOGL","Electric Service Agreement (1,900 MW dedicated new clean energy)"]]}