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MarketVerse Project · Live·Updated 10:06 PM UTC
AI Value Chain Tracker
Follow the capital through the AI economy — from the electrons that power it to the applications that monetize it. Six connected layers, live momentum, and the signal of where value is migrating next.
AI Capex 2026
$700Btracked infra spend
Hottest Layer · MTD
Apps+25.28%
Biggest 24h Mover
PATH+9.31%
Value Migration
Stage 4Infrastructure → Applications · Accelerating
The Value Chain
Upstream to downstream · click any layer to drill in
01
Power & Energy
The electrons behind every token.
47
Momentum
02
Semiconductors
GPUs & custom silicon for training and inference.
66
Momentum
03
AI Models & Compute
Frontier models and the labs that train them.
71
Momentum
04
Data Centers & Infra
The physical estate where AI runs.
69
Momentum
05
Cloud Platforms
Where compute becomes a product.
67
Momentum
06
Enterprise AI & Apps
Where AI meets revenue.
100
Momentum
Activity & Migration Map
Bubble size = momentum · position = YTD vs MTD trend
YTD trend →MTD trend ↑
Hover a bubble to inspect a layer · bubble size = momentum intensity
NVDA Dependency Index
59Index
39%
of Semis cap
18.4%
of chain cap
Elevated — diversifying, but still single-name dependent.
AI Capex Engine — 2026
$700B of tracked AI infrastructure spend, by layer
Data Centers & Infra$180B
Semiconductors$165B
Cloud Platforms$130B
Power & Energy$95B
AI Models & Compute$85B
Enterprise AI & Apps$45B
Value Migration Signal
Stage 4 of 4
Infrastructure → Applications
PowerApps
PaceAccelerating
Momentum spread53 pts
Bottleneck Radar
Data Centers & Infra
Pressure 69/100
Demand is outrunning available supply while momentum keeps building — this layer is gating throughput for the whole chain.
Chain Gainers · 24h
| Symbol | Last | Change | Mkt Cap | 30D |
|---|---|---|---|---|
PATH UiPath Inc. | $16.68 | +9.31% | ||
MDB MongoDB Inc. | $472.29 | +7.87% | ||
DUOL Duolingo Inc. | $144.10 | +7.03% | ||
NET Cloudflare Inc. | $330.83 | +6.22% | ||
DDOG Datadog Inc. | $252.24 | +4.70% | ||
PLTR Palantir Technologies | $179.01 | +4.66% | ||
ADBE Adobe Inc. | $270.49 | +4.54% | ||
MU Micron Technology | $949.83 | +4.23% |
Chain Laggards · 24h
| Symbol | Last | Change | Mkt Cap | 30D |
|---|---|---|---|---|
ANET Arista Networks | $203.62 | -3.27% | ||
AMAT Applied Materials | $534.54 | -2.48% | ||
TLN Talen Energy | $358.40 | -1.83% | ||
APLD Applied Digital | $30.62 | -1.70% | ||
NBIS Nebius Group | $255.04 | -1.60% | ||
ETN Eaton Corp. | $453.33 | -1.44% | ||
CRWV CoreWeave Inc. | $106.29 | -1.34% | ||
CCJ Cameco Corp. | $97.75 | -1.29% |