quantic69
In the last two months, we attended several AI-related events, which deepened our knowledge and increased our conviction that the AI investment cycle is just getting started.
Here’s what you will find in this report:
- Insights from the
AI Data Center Deep Dive - Navigating The Data Center Value Chain
Summary
- The AI data center value chain is split into two parts: inside the rack and outside the rack.
- The key driver for data center investment has been capex spending by the Cloud Service Providers.
- Capex growth surprised to the upside this year, and we expect it to surprise again next year as companies are starting to provide qualitative commentary this quarter.
- Weare projecting that data centers will increase their share of power demand fromapproximately 3% in 2023 to over 10% by 2027.
Ivana Delevska is the Founder and CIO of SPEAR Invest and Portfolio Manager of the Spear Alpha ETF (SPRX).Prior to founding SPEAR, Ms. Delevska spent 10 years on the buy-side at several long/short hedge fund platforms: Tiger Management, Millennium Management, Citadel Asset Management, and 5 years on the sell-side at Deutsche Bank as a Vice President and Gordon Haskett as a Director covering Multi-Industry companies. Ms. Delevska graduated from the University of Chicago with a BA in Economics.SPEAR Invest specializes in fundamental research and investments industrial technology.