Follow One Dollar Into an AI Data Center

Big Tech plans to spend more than $700 billion on AI this year. Follow one dollar into an AI data center: how much goes to Nvidia, how much the memory makers, TSMC, Foxconn, Vertiv and the power company keep, and who has to earn it back. Charted from the companies' own filings and earnings calls. Chapters 0:00 Intro 0:16 One dollar, $700B+ of spending 0:50 Where does the dollar go? 2:49 Who keeps it? 6:49 Who has to earn it back? 10:49 Recap Sources Nvidia Q2 FY2027 Form 10-Q — https://www.sec.gov/Archives/edgar/da... Nvidia Q2 FY2027 earnings call transcript (26 Aug 2026) — https://s201.q4cdn.com/141608511/file... Alphabet Q2 2026 earnings call transcript (22 Jul 2026) — https://s206.q4cdn.com/479360582/file... Alphabet Q2 2026 earnings release — https://www.sec.gov/Archives/edgar/da... Microsoft FY26 Q4 earnings — https://www.microsoft.com/en-us/inves... Amazon Q2 2026 earnings release — https://www.sec.gov/Archives/edgar/da... Meta Q3 2026 earnings release (21 Oct 2026) — https://www.sec.gov/Archives/edgar/da... Epoch AI, AI data center cost breakdown — https://epoch.ai/data-insights/ai-dat... Epoch AI, Nvidia B200 cost breakdown — https://epoch.ai/data-insights/b200-c... Micron FQ4 2026 earnings release — https://www.sec.gov/Archives/edgar/da... SK hynix 2Q26 results — https://news.skhynix.com/en/q2-2026-b... TSMC 3Q26 management report — https://investor.tsmc.com/english/enc... Hon Hai (Foxconn) 2Q26 results presentation — https://image.honhai.com/upload/20260... Broadcom Q3 FY2026 earnings release — https://www.sec.gov/Archives/edgar/da... Vertiv Q2 2026 earnings release — https://www.sec.gov/Archives/edgar/da... GE Vernova Q2 2026 earnings release — https://www.sec.gov/Archives/edgar/da... Constellation Q2 2026 Form 10-Q — https://www.sec.gov/Archives/edgar/da... EIA Electric Power Monthly, Table 5.3 — https://www.eia.gov/electricity/month... CoreWeave Q2 2026 Form 10-Q — https://www.sec.gov/Archives/edgar/da... Sequoia Capital, "AI's $600B Question" (2024) — https://www.sequoiacap.com/article/ai... Goldman Sachs, AI capex and required revenues (24 Sep 2026) — https://www.gspublishing.com/content/... Financial Times via Investing.com, OpenAI's ~$50B run-rate (8 Oct 2026; reported) — https://www.investing.com/news/stock-... Bloomberg, Anthropic's $16.8B quarter (15 Oct 2026; reported) — https://news.bloomberglaw.com/artific... Server lives and their effects are from each company's 10-K. Figures marked "our calc" are worked from these sources; the method for each is in the video. Researched, written and voiced by the channel's creator. Narration sometimes uses an AI clone of that voice. Education only, not financial advice.