Quick ReadFour hyperscalers are on pace to spend $730 billion on AI infrastructure in 2026, yet investor confidence in their returns is slipping. The 30-day correlation between major AI spenders and semiconductor stocks collapsed from +0.78 to near zero, the lowest reading in 4.5 years. Don't wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks. Buy the companies building AI infrastructure or the chipmakers supplying it, and both sides generally moved higher together. AI Spending Keeps Rising While Investor Confidence SlipsThe AI investment race isn't slowing down.