Shovels

Shovels are a metaphor for the companies and technologies that provide essential, foundational tools and infrastructure to a booming industry, rather than the end products themselves. They represent the suppliers of critical components like semiconductors, data centers, and cloud computing services that enable other businesses to operate.

Why it’s in the news: The term is in the news as investors seek out the underlying beneficiaries of massive technological booms, such as AI and data center expansion, by identifying the 'picks and shovels' suppliers like Nvidia.

Latest on Shovels

• The Cancer Vaccine Gold Rush Has Begun. So Has the Race for Picks and Shovels.
• Open-Weight AI Won’t Crimp Demand for Picks and Shovels
• ‘Picks and shovels’ companies profit from data centre scramble
• Nvidia is no longer just selling the shovels. Nemotron 3 Nano Omni is the company’s most aggressive move into AI models.

Connections

5 entities linked to Shovels across the news graph.