Editorial companion

What stands out

Tom White closed the week with two loud, concrete headlines: Broadcom lining up more than $60 billion to finance artificial intelligence (AI) chip infrastructure, and Nvidia picking up a fresh buy from BMO. One story is about capital scale, the other about sentiment, but both underline the same theme, whoever controls data-center compute is buying it in bulk. For investors this is a reminder that the AI arms race is not theological; it is a balance-sheet contest that reshuffles winners and losers over years.