The boom of foundational models such as ChatGPT (OpenAI), Gemini (Google) and Claude (Anthropic) has generated an explosive demand for digital infrastructure.
What was once a software issue has now become an investment chain that crosses multiple layers: semiconductors, data centers, fiber optics, energy networks and intellectual property. This ecosystem is capital-intensive, but also has high barriers to entry and network effects, making it one of the most attractive focuses for investors looking to capture structural growth.
Which sectors concentrate value?
– AI modeling and software development: companies leading in the development of generative intelligence, autonomous agents and productivity co-pilots.
– Advanced chips and hardware: manufacturers of high-performance semiconductors (GPUs, TPUs, FPGAs) essential for training and operating AI.
– Physical infrastructure: the bottleneck is no longer the algorithm, but the power to run it. State-of-the-art data centers or liquid cooling solutions emerge as unexpected players.
– Technological sovereignty: companies linked to the control, design and protection of their own technology stack in developed economies.
Impact on the Markets
Thematic ETFs linked to this megatrend, such as iShares Artificial Intelligence & Big Data, WisdomTree, together with vehicles focused on semiconductors such as SOXX or SMH, have generated returns of +30% to +70% in 3 years, with relevant volatility but strong structural support.
Investing in artificial intelligence today is not a bet on the Tech industry, it is a strategy to position itself at the core of future global economic growth.