Apr. 28 at 5:43 PM
$YDDL Highlighting Questions from Today’s Earnings Call
"Recent analyst reports argue that AI is creating a dual shock, compressing margins in software while turning the U.S. hyperscalers into the largest capital spenders in history. Roughly one and a half trillion dollars of hyperscaler CapEx through 2026. Over
$650 billion in 2026 alone. A build-out that consumes enormous volumes of copper, aluminum, and specialized alloys. How do you see that affecting demand in your space?"
A single modern hyperscale data center can require thousands of tons of copper for power distribution and cooling, as well as substantial amounts of aluminum and specialized alloys for power infrastructure.
Multiply that across the global build-out, layer it on top of the independent copper and aluminum demand from the EV transition. You have two structural demand drivers operating in parallel, each among the largest demand events in the history of these categories.
