AI's Gold Rush: Tech Giants Buy Metal at Record Prices
Part of composite article AI Gold Rush: Chipmakers Pour $5 Billion Into Vietnam, $30 Billion Into Japan, and $10 Billion Into a Single Fund View full article →
The artificial intelligence boom is driving a surprising surge in gold demand. Technology companies are buying more gold than ever for AI infrastructure and semiconductors — even as prices reach historic highs.
These firms are not switching to cheaper metals. Gold's unique properties make it essential for advanced chips and AI hardware, so demand keeps climbing despite the cost.
The result: a new gold rush, powered not by jewelry or banks, but by the tech industry. And it shows no sign of slowing down.