In Frank Herbert’s Dune, spice is an indispensable resource—found only on the desert planet Arrakis—that powers interstellar civilization. In 2026, compute is becoming the spice of our era. Over the last few months, we have seen a marked shift in conversations around AI infrastructure, with debate now centered on whether the world can build enough compute fast enough to satisfy demand. Across the AI supply chain, constraints are emerging simultaneously: GPUs are scarce, memory prices are surging...