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AI infrastructure is in a supercycle.
The market hasn't priced this in yet.

Tessara tracks the megawatt thesis — chips, packaging, memory, power, agents — for analysts, investors, and PMs who hold positions in the AI infrastructure stack.

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tessara.chainofthought.xyz · Supply Chain Map
Live
Raw MaterialsFabricationAssemblyIntegrationDeploymentCOMPUTEMEMORYENERGYBottleneck3 chains · 81 nodes · tracked in real time
Tight
Tightening
Balanced
Loose
70
Compute
SHORTAGEStable
89
Memory
SHORTAGE▲ Primary risk
27
Power
SURPLUSStable
Today's top signals23 scored overnight →
10
The world's largest AI memory supplier just confirmed it cannot meet demand until 2026
8h agoMemorySupply
10
A new chip design just cut the power needed for AI training in half. Every data center plan is being revised.
7h agoComputeHardware
9
Three of the five biggest tech companies now have nuclear power deals in place
12h ago Power
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What changes for you

Most analysts spend their mornings catching up.
Tessara users start the day already positioned.

Conviction Engine
Every signal compounds. Every thesis has a score.
We read every signal, track every regime shift, and score the theses that matter. When evidence changes, conviction scores update automatically.
You get the thesis and the evidence. No research debt.
Active theses · conviction scores
91DOMINANT
Memory shortage will persist through 2026. HBM supply is structurally constrained.
84CONTESTED
AI agents need payment rails. Mastercard and Google own the chokepoint.
71WEAKENING
Hyperscalers can sustain current buildout pace. Conviction falling as power costs rise.
Hundreds of signals scored. Only the ones that matter surface.
Every filing, product launch, and supply shift scored for market impact and linked to affected companies. Open Tessara and know what moved overnight.
Today's top signals
10
The world's largest AI memory supplier is sold out through 2026
Memory · 8h ago
10
New chip cuts AI training power in half
Compute · 7h ago
9
Three of the five biggest tech companies now have nuclear deals
Power · 12h ago
See which companies control the bottlenecks.
Infrastructure advantages show up in data long before price. Tessara tracks which companies sit at chokepoints and surfaces shifts as they happen.
Company exposure · regime
TSMCSUPPLY ADVANTAGE
SK HynixCONSTRAINED
VistraPOWER TAILWIND
Real-time constraint monitoring. Always current.
What's tightening. What just eased. Which companies are in the blast radius. Updated continuously as new signals arrive.
Brief · Mar 31
Signals scored23
Narratives updated4
Regime changeMemory▶Shortage
Companies affected12
Data sources38 active
Built for

Investors and analysts who cover the companies building and powering AI. If you spend your days tracking who's building what, who's running out of capacity, and where the bottlenecks are forming, Tessara was built for exactly that.

The bottlenecks are building.
Most of the market won't know until earnings.

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Free download · Q2 2026 Edition
AI Infrastructure Map
Six-page institutional briefing tracking 80+ data sources, 200+ companies, and the binding constraint moving from silicon to substations. Refreshed every quarter against live regime scores.
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What moved in AI infrastructure. 2–3× per week, structured around the prints that matter.
Regime scores, top signals, and thesis updates. Read by analysts and investors covering AI infrastructure.
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Tessara — AI Infrastructure Intelligence | Tessara