Hyperscaler

A hyperscaler is one of a small number of companies that operate computing infrastructure at a massive, global scale, think Amazon (AWS), Microsoft (Azure), Google Cloud, and Meta. Between them, they own and run millions of servers across data centers worldwide. The three cloud providers rent out that computing power and storage to everyone from small startups to the largest enterprises, while Meta runs its hyperscale data centers for its own apps and AI work rather than selling cloud services.

Hyperscalers are also the single biggest buyers of the hardware that powers artificial intelligence, memory chips, GPUs, networking gear, because they build and expand data centers at a scale no other type of customer matches. That makes them a critical demand driver for any company that supplies them.