A handful of big tech companies operate a large, global network of massive AI data centers. Those companies, chief among them Meta, Amazon, Google, Microsoft, and Oracle, are often referred to as hyperscalers. As the top AI chipmaker, Nvidia provides the hardware for these hyperscalers, and in turn, the hyperscalers are the chip giant’s biggest customers. During the rise of the AI hype era, any investment made into AI infrastructure by these hyperscalers w