AI Grows Up: Noah Holdings Says the Real Money Is Moving From Software Bets to Infrastructure
Artificial intelligence has spent the better part of the past decade as a headline-grabbing growth story—first as a futuristic promise, then as a speculative trade, and most recently as a rally-driving force for megacap tech stocks. But according to Noah Holdings Limited, the AI story is entering a new, more consequential phase—one that has less to do with flashy software demos and more to do with concrete, steel, power, and patience.
