@Miracle Trader cola just had Gemini analyze it.

 Microsoft's $37.5 billion (annualized ~$150 billion) massive investment is essentially paying for the "utilities" of the AI era. The money primarily flows into four highly certain areas:

1. Computing Core: In-house chips and storage (Silicon & HBM)

Microsoft is implementing a "dual-track" approach: buying from NVIDIA while also developing its own Maia 200 chips.

SK Hynix: Extremely high certainty. It's the core supplier of HBM3e memory for Microsoft's Maia 200 chips. Every in-house chip Microsoft makes means money for Hynix.

TSMC (TSM): The ultimate winner. Both NVIDIA's B200 and Microsoft's Maia 200 are manufactured using TSMC's 3nm process.

2. Network Transmission: The "blood vessels" of AI (Networking)

Microsoft emphasized "Ethernet architecture," benefiting companies outside NVIDIA's traditional InfiniBand camp:

Arista Networks (ANET): Microsoft is the standard-bearer for Ethernet. Data center expansions will require its switches.

Optical modules (e.g., COHR/LITE): Data centers need massive fiber interconnects, making optical modules the fastest-consuming "consumables."

3. Cooling & Power: AI's "lifeline"

With Maia 200 and NVIDIA B200 power consumption soaring, liquid cooling has gone from "optional" to "standard."

Vertiv (VRT): The leader in liquid cooling. Microsoft's data center expansions can't proceed without its cooling and power management solutions.

Constellation Energy (CEG): Microsoft directly signed a nuclear power plant restart agreement. Companies providing stable, clean energy now hold the strongest bargaining power.

4. Summary: Actionable advice

If you prefer stability: Focus on Vertiv (VRT) and Arista (ANET). They're pure "infrastructure plays"—regardless of whose chips win, they'll be needed for cooling and networking.

If you seek upside potential: Watch SK Hynix and optical modules. As Microsoft's in-house chips scale, orders in these segments will exceed expectations.