Thematic Hardware Primer

A primer built for anyone who wants to understand the physical infrastructure behind the AI trade. I go from first principles to supply chain, covering the full stack — semiconductors, lithography, memory, optics, power and grid, and humanoid robots.

The AI trade is usually told through the lens of the Magnificent Seven, but the real bottlenecks are physical. This includes HBM availability, EUV scanner capacity, transformer lead times, and grid capacity.