Chip Craze: Framing Industrial Policy for the AI Era

Podcast: The Outthinking Investor with Daleep Singh · PGIM

Opublikowano: 2026-08-11

The AI-driven capex cycle might be the biggest investment story of the past century. The five largest hyperscalers were on track to spend around $800 billion on AI infrastructure in 2025, and as a share of U.S. GDP, AI capex has already eclipsed the dot-com boom of the 1990s. Chips are at the center of the AI frenzy – the same chips that also guide precision munitions and power satellite communications. In pursuit of a strategic advantage, nations are racing to shore up critical supply chains and achieve dominance in the economic arena. How will industrial policy's reemergence influence investment opportunities an...