AI Supercycle & Hyperscaler Demand

AI/HPC now 66% of revenue; global chip sales $403B in Q2 2026, forecast >$1.5T; Microsoft Maia 300 order for 300k+ units; Google Tensor G6 on N3P; Nvidia Feynman platform ramping; agentic AI CPU demand emerging. A reported meeting to lock down AI capacity with TSMC confirms ongoing demand pressure. AMD's $10B packaging investment signals aggressive AI push beyond Nvidia. Gartner's inference paradox (fivefold cost increase by 2028) explains sustained demand despite falling token prices; Google-Marvell deal adds supply chain diversification.