WisdomTree argues the AI investment cycle is expanding beyond GPUs, with CPUs re-emerging as a critical layer in both training and inference as workloads become more complex.
- Hyperscaler capex is set to approach $700bn in 2026, sustaining demand across the semiconductor stack.
- CPUs are increasingly essential for data orchestration, reinforcement learning, and agentic AI workflows, where coordination—not just compute—matters.
- Intel and AMD are seeing renewed momentum, though competition from custom ARM chips and Nvidia’s CPU ecosystem is intensifying.
AI was never just a GPU story. The question now is how much of the next leg belongs to everything around it.
Continue reading this article?
Register for free and get access to Investment Officer International:
- Exclusive for professional investors
- Cancel anytime
- Unlimited access: web, app and newsletters
Registration takes less than 1 minute.
No payment details required
Register for free and get access to Investment Officer Luxembourg:
- Exclusive for professional investors
- Cancel anytime
- Unlimited access: web, app and newsletters
Registration takes less than 1 minute.
No payment details required
