AI data centers need more raw materials. One investor is betting on recyclers.

What happened: Tazia Smith, CEO of Closed Loop Capital Management, told Business Insider that AI data center demand for raw materials like Why it matters: Smith described the demand as a structural transition rather than a cyclical blip, and said large AI players are focused on resilient supply chains and material security. She said repairing components instead of replacing them equals cost savings and wider margins. Key numbers: Smith said one company she works with repairs computing components like semiconductor chips so data center builders do not have to buy replacements every 5 years.

Tazia Smith, CEO of Closed Loop Capital Management, told Business Insider that AI data center demand for raw materials like

Smith described the demand as a structural transition rather than a cyclical blip, and said large AI players are focused on resilient supply chains and material security. She said repairing components instead of replacing them equals cost savings and wider margins. Key numbers: Smith said one company she works with repairs computing components like semiconductor chips so data center builders do not have to buy replacements every 5 years.