The Interactive Butterfly Map: Multi-Tier Supply Chains & Second-Order Bottlenecks
“Who else gets paid, squeezed, or left behind if this happens?” Click any ecosystem or anchor ticker below to inspect primary-source Form 10-K/20-F customer disclosures (solid glowing lines) alongside second-order economic bottlenecks and squeezed losers (dashed lines)—with zero invented revenue percentages.
AI Data-Center Compute, Packaging, Cooling & Grid Power
⚡ RANKED SECOND-ORDER POWER, NETWORKING & THERMAL SUPPLIERS (WITH LIVE RQD DELTAS)
Primary Hub: NVDA (NVIDIA Corporation • Hub RQD 71/100) — Ranking connected 2nd-order & 3rd-order power, switchgear, liquid cooling, optical networking, lithography & HBM suppliers by RQD quality delta vs. hub.
| Rank | Supplier Node | Order & Bottleneck Role | Supplier RQD | RQD Delta vs NVDA (RQD 71) | Actions |
|---|---|---|---|---|---|
| #1 | ANET2ND-ORDER Arista Networks Inc. | AI Ethernet Switching & 800G Backplane Optics Replaces legacy InfiniBand bottlenecks across 100k+ GPU back-end cluster fabrics. | RQD 74(B) | +3 vs NVDA • Higher Quality | |
| #2 | MSFT2ND-ORDER Microsoft Corporation | Technology Supply-Chain Node Connected supply-chain and capex transmission beneficiary. | RQD 74(B) | +3 vs NVDA • Higher Quality | |
| #3 | AVGO2ND-ORDER Broadcom Inc. | Custom ASICs (XPU) & Tomahawk 5 PCIe/Ethernet Silicon Co-designs hyperscaler inference accelerators and high-radix cluster networking switches. | RQD 71(B-) | 0 vs NVDA • Parity | |
| #4 | TSM2ND-ORDER Taiwan Semiconductor Manufacturing Company Ltd. | 3nm/4nm Foundry Wafer Fab & CoWoS-L Advanced Packaging Sole-source wafer lithography and interposer packaging bottleneck for flagship AI accelerators. | RQD 69(C+) | -2 vs NVDA • Torque Beta | |
| #5 | ASML3RD-ORDER ASML Holding N.V. New York Registry Shares | High-NA EUV Lithography Scanners (Sub-2nm Node Gatekeeper) Upstream monopoly supplier of EUV lithography systems enabling all leading-edge foundry capacity. | RQD 68(C+) | -3 vs NVDA • Torque Beta | |
| #6 | MU2ND-ORDER Micron Technology Inc. | HBM3e / HBM4 High-Bandwidth Memory Stacks High-stack DRAM cube memory integrated directly onto CoWoS interposers alongside GPU dies. | RQD 66(C+) | -5 vs NVDA • Torque Beta | |
| #7 | VRT2ND-ORDER Vertiv Holdings LLC | Thermal & Liquid Cooling / Direct-to-Chip CDU Manifolds 120kW–140kW rack thermal dissipation requires chilled-water CDUs & rear-door heat exchangers. | RQD 65(C) | -6 vs NVDA • Torque Beta | |
| #8 | ETN2ND-ORDER Eaton Corporation PLC | Medium-Voltage Transformers & Utility Switchgear 36–48 month lead-time step-down transformers and PDU switchgear governing megawatt energization. | RQD 64(C) | -7 vs NVDA • Torque Beta | |
| #9 | SMCI2ND-ORDER Super Micro Computer Inc. | Direct-Liquid-Cooled (DLC) Rack-Scale Server Integration Turnkey liquid-cooled rack assembly and cluster validation. | RQD 60(C-) | -11 vs NVDA • Torque Beta | |
| #10 | CEG2ND-ORDER Constellation Energy Corporation | 24/7 Carbon-Free Nuclear Baseload & Co-Located PPAs Largest US merchant nuclear operator signing 20-year hyperscaler power agreements. | RQD 57(D+) | -14 vs NVDA • Torque Beta | |
| #11 | INTC2ND-ORDER Intel Corporation | Technology Supply-Chain Node Connected supply-chain and capex transmission beneficiary. | RQD 42(D-) | -29 vs NVDA • Torque Beta | |
| #12 | VST2ND-ORDER Vistra Corp. | Nuclear/Baseload Power & ERCOT/PJM Dispatchable Generation Behind-the-meter nuclear & CCGT fleet capturing 24/7 AI data-center power purchase spreads. | RQD 41(D-) | -30 vs NVDA • Torque Beta |
Synchronized Transmission Matrix (11 Connections)
CLICK ANY ROW TO INSPECT PRIMARY FILING EVIDENCE →| Chain (Source → Target) | Relationship | Evidence Tier | Effect | Materiality / Disclosed Share |
|---|---|---|---|---|
| ANET→META | CONFIRMED CUSTOMER | ✓ CONFIRMED FILING | TAILWIND | ~15%–21% Disclosed Named >10% Revenue Customer (Arista Form 10-K Note 18) • Verified via Annual SEC 10-K/20-F Relationship Disclosure (2025-02-18) |
| AVGO→GOOGL | DIRECT SUPPLIER | ✓ CONFIRMED FILING | TAILWIND | Undisclosed % — Anchor Custom AI Accelerator (XPU) & Networking Customer (AVGO Form 10-K) • Verified via Annual SEC 10-K/20-F Relationship Disclosure (2024-12-20) |
| AMZN→ETN | BOTTLENECK BENEFICIARY | ◇ ANALYST HYPOTHESIS | TAILWIND | Second-Order Economic Exposure (Undisclosed % of Eaton Electrical Americas Backlog) |
| MU→NVDA | DIRECT SUPPLIER | ✓ CONFIRMED FILING | TAILWIND | ~13% Disclosed Top Customer Concentration Tier (Micron FY2024 Form 10-K Note 19) • Verified via Annual SEC 10-K/20-F Relationship Disclosure (2024-10-04) |
| NVDA→SMCI | CONFIRMED CUSTOMER | ✓ CONFIRMED FILING | MIXED / CONSTRAINT | Material Supplier Concentration — >60% Purchase Concentration in Top GPU Vendor Tier (SMCI Form 10-K) • Verified via Annual SEC 10-K/20-F Relationship Disclosure (2025-02-25) |
| NVDA→INTC | POTENTIAL LOSER | ◇ ANALYST HYPOTHESIS | HEADWIND | Second-Order IT CapEx Wallet-Share Compression (Undisclosed % of Enterprise Server Spend) |
| TSM→NVDA | DIRECT SUPPLIER | ✓ CONFIRMED FILING | TAILWIND | Undisclosed Bilateral % — Primary Advanced Foundry & CoWoS Packaging Supplier (NVDA Form 10-K) • Verified via Annual SEC 10-K/20-F Relationship Disclosure (2025-02-26) |
| CEG→MSFT | DIRECT SUPPLIER | ✓ CONFIRMED FILING | TAILWIND | Named 20-Year ~835 MW Carbon-Free Nuclear PPA Contract (Constellation Form 8-K / 10-K) • Verified via Annual SEC 10-K/20-F Relationship Disclosure (2024-09-20) |
| NVDA→MSFT | CONFIRMED CUSTOMER | ✓ CONFIRMED FILING | TAILWIND | 10%+ Disclosed Direct/Indirect Customer Concentration Tier (NVDA Form 10-K Note 17) • Verified via Annual SEC 10-K/20-F Relationship Disclosure (2025-02-26) |
| NVDA→VRT | BOTTLENECK BENEFICIARY | ✓ CONFIRMED FILING | TAILWIND | Undisclosed % — Co-Developed GB200 NVL72 Liquid-Cooling Reference Architecture (VRT Form 10-K) • Verified via Annual SEC 10-K/20-F Relationship Disclosure (2025-02-21) |
| NVDA→VST | BOTTLENECK BENEFICIARY | ◇ ANALYST HYPOTHESIS | TAILWIND | Second-Order Economic Exposure (Undisclosed % — Merchant Nuclear & ERCOT/PJM Power Tightness) |
| 🔒 [REDACTED TICKER] — The $4.20 Switchgear & Liquid-Cooling Monopoly | 2ND-ORDER AI POWER MONOPOLY | ★ SPONSORED DOSSIER | $1.4B BACKLOG | Sponsored Research Dossier • Click to Unlock Instant Report ($2.50 CPL Instant Leadshare) → |