The companies that own the chips, the models, and the cloud infrastructure are building the most powerful monopolies in market history.

The artificial intelligence (AI) revolution needs three things to function: the chips to run it, the models to power it, and the cloud to host it.

These three companies own those critical layers, making them permanent fixtures in the AI economy , regardless of which chatbot wins or which start-up goes viral.

The silicon monopoly

Nvidia ( NVDA -1.77% ) has turned AI compute into a tollbooth business. Every major AI breakthrough -- from ChatGPT to Midjourney to autonomous vehicles -- runs on Nvidia silicon.

Q2 fiscal 2026 total revenue hit $46.7 billion, up 56% year over year, with data center revenue alone reaching $41.1 billion. The company

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