Only 20–30% of the AI data centers planned through 2030 are built today. The other 70–80% — the cement, the cooling, the chips, the memory, the power — are still coming. And the companies collecting the profits from that build-out are mostly names the mainstream isn't talking about.In this week's Money On Tap, Ben Brayshaw and Dan Michelon go beyond the Mag Seven and into the hidden companies powering the AI revolution. They trace how the AI trade rotated from the companies spending the money to the companies receiving it — the second-wave winners like Micron, SanDisk, Vertiv, Marvell, and Broadcom — and why Taiwan Semiconductor may be the king of the whole story. Then they go layer by layer through what's still ahead: electrical infrastructure, utilities and nuclear power, engineering, construction materials, and data center REITs.What you'll learn:
Why only 20–30% of planned AI data centers exist — and what that means for the next decade of demand
The rotation out of the Mag Seven: from speculation and hope to follow-the-money
The AI stack, layer by layer: chips, memory (Micron), storage (SanDisk), cooling (Vertiv), networking (Marvell, Broadcom)
Why Taiwan Semiconductor is the company nearly every AI player depends on
The risks worth respecting: valuation, capex pullbacks, competition, interest rates, and tariffs
The layers still to come: electrical, power and grid, engineering, materials, machinery, and data center REITs
Why high conviction — knowing why you own what you own — beats chasing every headline
Plus Money In The News:
Trump Accounts for kids launch July 4: $1,000 at birth, up to $5,000 a year — and the math that could reach seven figures by retirement
Which financial stocks actually benefit when interest rates stay high
Trump's rare earth agenda hits a milestone as the U.S. Army moves to break China's grip on defense metals
Securities and advisory services offered through Osaic Wealth, Inc., member FINRA/SIPC. All other services offered through Brayshaw Financial Group, LLC are independent of Osaic Wealth, Inc.
If the S&P 500 is up 10%, why isn't my portfolio? Because the S&P 500 is cap-weighted: seven stocks absorb about a third of every dollar, and the top 10 holdings make up 35–55% of most S&P funds. In 2026 those mega-caps lagged — the Mag Seven are collectively negative — while sectors like energy (+28.1%) and technology (+26.8%) led. If your ETFs overlap in the same top names, you own the laggards several times over. The fix starts with knowing what you actually own.
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