AI data center expansion and semiconductor fab buildout require massive upfront steel consumption, positioning steel as foundational to the AI infrastructure trade

"hyperscalers have nearly tripled their AI CapEx to $448 billion and plan to double that global data center capacity by 2030. So, with that in mind, with tech stocks experiencing this recent volatility, how does the long term infrastructure boom create this pricing power for essential suppliers like Lumentum?"

"Expanding AI data centers requires massive structural steel frameworks, backup power containment, and heavy electrical equipment. And, the push to build semiconductor fabs, battery facilities, and domestic supply chains requires heavy upfront steel before factory floors ever become operational."