Alphabet is developing a new chip designed to run its Gemini AI model 6 to 10 times more efficiently. The AI race is quickly shifting to favor lower-cost usage, which could favor Google.
"Picks and shovels" AI stocks are crucial for keeping data centers operational and look like one of the best AI investments out there for the data-center build-out.
Meta's move into leasing its AI data centers shows that the company is already seeing oversupply in the market, though the company will keep spending anyway.
SpaceX remains way overvalued, as hyper-efficient, low-cost Chinese AI threatens America's surging investment in costly AI data centers. But there's some hidden upside, too.
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