PitchBook：2025年Q3先进计算领域私募股权与风投趋势及投资策略研究报告（英文版）

This report launches our coverage of the advanced computing vertical. Advanced computing comprises all end markets that enable artificial intelligence (AI) to scale. This includes both semiconductor and datacenter markets across both operational and information technology (IT) vendors. Advanced computing is one of two verticals within PitchBook’s advanced technologies research domain. Coverage of PE software will be launched in 2026. We see hyperscaler capital expenditures as the single defin