AI Buildout
Indicator Study | Emerging | As of 2026-07-03 | Freshness 54d
AI Buildout is 'emerging' with a composite score of 45.8. The hottest components are Software and compute capex 49.8, Semiconductor supply tightness 49.0.
45.84
Score
54 day(s)
Freshness
2026-07-03
As Of
Component Scores
| Component | Score |
|---|---|
| Software and compute capex | 49.80 |
| Power buildout | 37.39 |
| Semiconductor supply tightness | 49.01 |
Current Drivers
| Driver | Component | Score | Raw | Transformed |
|---|---|---|---|---|
| Private fixed investment in intellectual property products | Software and compute capex | 70.58 | 406.44 | 44.67 |
| Semiconductor industrial production | Semiconductor supply tightness | 63.95 | 191.90 | 11.86 |
| Information processing equipment momentum | Software and compute capex | 49.14 | 9.90 | 9.90 |
| Private construction spending on power | Power buildout | 43.64 | 157907.00 | 4.13 |
| Semiconductor capacity utilization | Semiconductor supply tightness | 34.08 | 75.38 | 75.38 |
| Data-processing and hosting payrolls | Power buildout | 31.15 | 463.50 | -3.44 |
| Private fixed investment in information processing equipment | Software and compute capex | 29.67 | 814.52 | 6.40 |
Metrics
| Metric | Value |
|---|---|
| Score | 45.84 |
| Freshness Days | 54 |
| Panel As Of Date | 2026-07-03 |
| Source As Of Date | 2026-07-01 |
Charts
Component contribution bars
Higher scores indicate more replacement pressure or fragility for this study.
Normalized history panel
All lines are scored on the same 0-100 scale using trailing z-scores on a weekly Friday panel.
Notes
- Higher scores mean the physical and financial AI buildout is running hotter.
- Quarterly capex series are carried onto the weekly Friday panel to preserve mixed-frequency comparability.
- Mechanism note: Buildout pressure rises when software and equipment investment, power construction, and semiconductor tightness all run above their trailing norms.
- Freshness: the stalest source series in this study is 54 day(s) old.
Commentary
AI Buildout remains in an emerging phase, with a composite score of 45.8 as of early July 2026.
- Composite score 45.8 (latest), up from ~49.9 in Dec 2022 but still below earlier peaks (~66 in 2021‑2022).
- Software and compute capex component at 49.8, driven by private fixed investment in IP products (score 70.6, transformed 44.7).
- Semiconductor supply tightness at 49.0, supported by capacity utilization 34.1 (transformed 75.4).
Caveat: The index is based on a limited set of leading indicators and can be volatile; the latest value (45.8) reflects data as of 2026‑07‑03 and may change with new releases.