AI infrastructure economics shift toward full-stack efficiency

NVIDIA’s reported $96.2B quarter and Vera Rubin’s revenue-per-gigawatt positioning reinforce that networking, memory, storage, orchestration, utilization, caching, and tokens-per-watt—not GPUs alone—determine AI economics. Tencent Hy4 pricing highlights the gap between low-cost API access and expensive self-hosting, while AI’s wider environmental footprint is becoming a strategic and ESG concern.