Custom ASIC / XPU: AI Supply Chain Stocks & Analysis

Custom ASICs and XPUs are the alternative to buying merchant GPUs outright: hyperscalers co-design silicon tuned to their own workloads, trading flexibility for lower cost per unit of inference at scale. This segment covers the design partners and interconnect specialists that make in-house silicon programs viable, and its growth rate is one of the clearest signals of how seriously hyperscalers are pursuing compute independence from merchant chip vendors.