Waaree Clean Energy Solutions is vertically integrating across solar, specialty gases, and data centers to supply India's semiconductor and AI infrastructure needs. The company announced new data center subsidiaries and partnerships while expanding production capacity, with Q1 FY26 revenue up 31% to 4,597 crore. Nebius is seeing contracted annual revenue per gigawatt of data center capacity rise from $6 billion to potentially $40 billion by 2027, driven by AI demand and premium pricing for managed infrastructure.
Wall Street analysts criticize AI capital expenditure by Meta while praising Apple's restraint, though some argue heavy investment is necessary for innovation. Meanwhile, Indian company Waaree is building an integrated supply chain from solar to semiconductors to data centers, capitalizing on parallel growth in AI infrastructure. Market analysts expect AI infrastructure stocks to drive significant S&P 500 earnings growth in 2026 but anticipate slower capital spending as datacenter buildout completes in 2027.