Tech giants are poised to invest nearly $200 billion in capital expenditures (capex) in 2025, reflecting a surge in spending on artificial intelligence (AI) infrastructure, including high-powered data centers. This investment trend is expected to create opportunities across the AI data center value chain, benefiting various sectors, including energy providers. According to projections, NVIDIA's data center revenue is anticipated to reach approximately $180 billion in calendar year 2025, indicating substantial growth potential. Additionally, a study by the Department of Energy suggests that data center power demand could potentially triple by 2027, accounting for 12% of the total electricity demand in the United States. Major players in this space include Microsoft, Amazon, Alphabet (Google), Meta, and Oracle, all of which are ramping up their investments in response to the increasing demand for AI capabilities.