Editorial companion

What stands out

Scott Ladner told Fox Business that the artificial intelligence (AI) capex buildout has become a flywheel, pulling spending well beyond semiconductors into data centers, networking, software and services. That observation matters because it reframes where the durable profits from the AI cycle may land; chips are necessary but not sufficient. The clip is a reminder that big technology waves create adjacent industries with sticky demand. History even offers perspective: buying the Nasdaq-100 at the dot-com peak eventually turned $10,000 into about $72,000, which underscores how long-term tech cycles can compound when you stay invested in the winners.