The AI build-out conversation tends to start and stop with chips. But the companies quietly landing multi-year, multi-billion-dollar contracts right now aren't making semiconductors—they're making the glass, connectors, and routing systems that hold the entire data center ecosystem together.
Lucas Downey of TradeSmith sees the AI infrastructure stack as five distinct layers: land and site development, power, cooling, compute, and memory, and finally, networking and connectivity.
