AI Growth Continuing to Drive Investment


By White Pine Wealth Management


AI Buildout Continues to Accelerate

Recent developments across chips, memory, and power reinforce the continued strength of the AI and data center buildout. AMD is increasing supply, Marvell is raising its revenue forecasts, and Micron’s customers are already looking to secure output for 2028.[1] Together, these updates suggest that demand continues to grow faster than the industry can add capacity, even as supply improves. That need for additional infrastructure extends well beyond semiconductors. Google and Amazon are committing to decades of electricity purchases and supporting billions of dollars in nuclear investment to power their expanding data centers.[2] These agreements help fund upgrades to existing reactors and additional generating capacity, showing how AI growth is driving investment across the broader economy showing that this investment cycle has further room to run.


[1] Micron 4Q26 Earnings Call, As of September 30, 2026

[2] Bloomberg Intelligence, As of October 6, 2026


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