The analysis highlights that the construction of sovereign AI infrastructure is one of the largest capital cycles of this decade. NVIDIA dominates AI factory construction with its GPUs and networking chips, reporting Q1 FY2027 data center revenue of $75.25 billion, a 92% year-over-year increase, and Q2 revenue guidance of $91 billion with a non-GAAP gross margin of 75%. AMD is the second-largest beneficiary, with its data center business growing by 107% and securing sovereign AI deployment projects in India, South Korea, and the UAE. Additionally, data center real estate operators Equinix and Digital Realty Trust, as well as power and cooling equipment providers Vertiv and Eaton, have significantly benefited from the immense demand for power and cooling infrastructure in AI factories. For instance, Vertiv's Americas business grew by 29.2%, and Eaton's electrical orders saw 41% organic growth.