BeInCrypto
How the Iran War Exposed the Physical Backbone of the AI Boom
The artificial intelligence (AI) boom is often framed as a story of capital, code, and compute. Alphabet, Amazon, Meta, and Microsoft forecast capital expenditures of about $650 billion in 2026. At the same time, AI-linked stocks are trading near all-time highs. Beneath the software layer, however, sits a physical supply chain that depends on transformers,
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