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Editorial

Picks & Shovels No. 00: The Gold Rush Is Real. Sell the Shovels.

Hyperscalers are on track to spend roughly $725 billion or more on capital projects in 2026. Most of that money doesn’t go to chatbots — it goes to turbines, switchgear, chillers, lasers and cables. A new Boston Made storyline follows the shovel sellers.

Nathan Strickland

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Picks & Shovels No. 00: The Gold Rush Is Real. Sell the Shovels.
Boston Made, Inc.Office of the Founder & Chairman
From the desk of Nathan StricklandBoston, Massachusetts ·

Dear Sir or Madam,

EDITORIAL & ANALYSIS · Boston Made Newsroom · BOSSTOX intelligence desk

In 1849 the miners got the headlines. The people selling picks, shovels, denim and passage west got paid. The AI boom is running the same play at a much bigger scale. This storyline follows the companies selling the shovels.

The size of the dig

At first-quarter 2026 earnings, Meta, Alphabet, Microsoft and Amazon guided to roughly $725 billion of combined 2026 capital spending (The Wealth Advisor, Apr 30, 2026). Three months later most of them raised it again. Amazon moved to about $220 billion and Alphabet to $195–205 billion, citing “an acceleration in the delivery of capacity.” Meta lifted its floor to $130–145 billion (Uncover Alpha, Aug 3, 2026).

None of that money buys a chatbot. It buys concrete, copper, steel, silicon and electricity.

Power is the real bottleneck

The International Energy Agency projects global data-centre electricity demand reaching about 945 TWh by 2030, more than double today’s level. It also expects data centres to account for almost half of U.S. electricity-demand growth over that period (IEA, Energy and AI).

The grid is already showing the strain. PJM, which runs the grid for 13 states and D.C., held its 2027/28 capacity auction and cleared at its price cap. It still came up 6,623 MW short of its reliability target, and data centers drove nearly 5,100 MW of the forecast load growth (PJM Inside Lines, Dec 17, 2025). Lawrence Berkeley National Laboratory counts more than 2,060 GW of projects waiting in U.S. interconnection queues (LBNL, Queued Up 2026).

The map of the shovels

Every AI data center needs the same stack, from the ground up:

  • Land and buildings: powered campuses ready for racks (No. 08, Applied Digital)
  • Power generation: turbines and on-site fuel cells (No. 01, GE Vernova; No. 02, Bloom Energy)
  • Power distribution: switchgear and e-houses (No. 09, Powell Industries)
  • Cooling: chillers and coolant distribution (No. 03, Modine)
  • Connectivity: lasers, transceivers, active cables (No. 04, Lumentum; No. 05, Credo)
  • Raw materials: indium phosphide wafers for lasers (No. 10, AXT)
  • Making and proving the chips: advanced packaging and burn-in testing (No. 06, Amkor; No. 07, Aehr Test Systems)

How to read this storyline

Each installment answers four questions: what the company does, which shovel it sells, what the latest numbers say (with the period and source) and what could go wrong. We skip the names everyone already knows. The goal is to see the AI economy as an industrial system you can verify, not a story about a single chip.

This is the same thesis behind The Infrastructure of Power and the BOSSTOX AI Infrastructure Intelligence Graph. Picks & Shovels is the reading version: one company per chapter.


PICKS & SHOVELS is a Boston Made Newsroom storyline from the BOSSTOX intelligence desk: one under-covered AI-infrastructure company at a time, explained in plain English with sources. Next: No. 01, GE Vernova.

📚 Follow the whole storyline on the Boston Made Reader → Storylines · Track the companies in BOSSTOX Learn.

Not investment advice. Boston Made, Inc. and its writers are not licensed financial advisors. Figures come from the company filings and reports linked above, for the periods stated; check the primary filings before making any decision.

Founder & Chairman of Boston Made, Inc., a Boston-based media and business portfolio company. I lead Boston Made's independent, hyperlocal coverage of Boston's economy, businesses, and neighborhoods, alongside a growing portfolio of Boston-rooted brands — including Boston Made Pets, where my passion for dog wearables and canine wellness lives on. I’m an avid reader and journaler who believes in reporting that's closer to home.

Boston Made Stories

Radio Stations, Myspace and Opening Slots: How Taylor Swift’s Debut Found Its Audience

A six-month radio tour, a Myspace page and opening slots for Rascal Flatts, George Strait, Brad Paisley and Tim McGraw and Faith Hill. How the debut was built, one fan at a time. Part four of our Countdown to 20.

Nathan Strickland

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Taylor Swift at Yahoo in Sunnyvale, California, May 2007
Boston Made, Inc.Office of the Founder & Chairman
From the desk of Nathan StricklandBoston, Massachusetts ·

Dear Sir or Madam,

BOSTON — In 2006, there was no playbook for a teenage country artist on a brand-new independent label. So Taylor Swift and Big Machine wrote one. The debut album found its audience the old-fashioned way and the brand-new way at the same time.

Station by station

“Tim McGraw” went to country radio in June 2006, four months before the album came out. Then Taylor went on the road, visiting radio stations across the country on a radio tour that lasted about six months, through the end of the year. It was slow, unglamorous work: introducing herself, playing the song live and thanking programmers one station at a time. It worked. The single reached No. 6 on Hot Country Songs.

The Myspace generation

At the same time, Taylor was doing something few country artists did: talking to fans online. She used Myspace to post blogs and share song information, and it drew in teenagers and young adults who did not necessarily listen to country radio. That direct line to fans became a hallmark of her career.

Taylor Swift with Yahoo CEO Terry Semel and co-founder David Filo in Sunnyvale, California, in May 2007.
Taylor Swift with then-Yahoo CEO Terry Semel and co-founder David Filo during a May 2007 visit to Yahoo in Sunnyvale, California. Photo: Yahoo! Music, CC BY 2.0, via Wikimedia Commons.

Opening for the biggest names in country

The live shows came next. Taylor opened for Rascal Flatts in late 2006, then for George Strait in early 2007, toured with Brad Paisley through 2007, and in July 2007 opened for Tim McGraw and Faith Hill, the couple whose name was on her first single.

Crossing over

By 2007, “Teardrops on My Guitar” had crossed from country into pop radio, reaching No. 13 on the Hot 100 and the Top 10 on several pop and adult formats. More than a year after release, the album kept climbing, peaking at No. 5 on the Billboard 200 in January 2008.

The lesson

Show up, play the song, talk to your fans yourself. Twenty years later, it is still a pretty good marketing plan.

Trivia · 5 questions

On the road with the debut

Test your knowledge of how the album found its fans.

Score: 0

01 / 05

When did “Tim McGraw” go to country radio?

02 / 05

How long was the radio tour that followed?

03 / 05

Which social network did Taylor use to share blogs and songs?

04 / 05

Whose tour did she open in late 2006?

05 / 05

Which couple did she open for in July 2007?

Sources

Boston Made is not affiliated with or endorsed by Taylor Swift or her record labels. Photos are freely licensed from Wikimedia Commons and credited under each image.

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Boston Made Stories

Track by Track: Inside the 11 Songs of Taylor Swift’s Debut Album

All 11 songs on the original 2006 album: who wrote them, how long they run and what each one is about, plus a name-that-track game. Part three of our Countdown to 20.

Nathan Strickland

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Taylor Swift performing in 2007
Boston Made, Inc.Office of the Founder & Chairman
From the desk of Nathan StricklandBoston, Massachusetts ·

Dear Sir or Madam,

BOSTON — Forty minutes and 28 seconds. That is the entire running time of the standard edition of Taylor Swift, 11 songs that introduced one of the defining songwriters of her generation. Every song carries her name in the credits. Here is the whole album, one track at a time.

1. “Tim McGraw”

Written by Taylor Swift, Liz Rose · 3:54

Nostalgia for a relationship with an older boyfriend, built around the songs that remind you of someone. It became the first single.

2. “Picture to Burn”

Written by Taylor Swift, Liz Rose · 2:55

A sharp, funny kiss-off to an ex who did her wrong. It reached the country Top 10.

3. “Teardrops on My Guitar”

Written by Taylor Swift, Liz Rose · 3:35

Unrequited love for a boy who likes someone else. Her first big crossover hit, reaching No. 13 on the Hot 100.

4. “A Place in This World”

Written by Taylor Swift, Robert Ellis Orrall, Angelo Petraglia · 3:22

A teenager’s uncertainty about where she belongs and what comes next.

5. “Cold as You”

Written by Taylor Swift, Liz Rose · 4:01

A relationship with someone who never appreciated her.

6. “The Outside”

Written by Taylor Swift · 3:29

Loneliness after her love of country music set her apart at school. One of three songs she wrote alone.

7. “Tied Together with a Smile”

Written by Taylor Swift, Liz Rose · 4:11

Written about a friend struggling with an eating disorder, and about how people hide pain behind a smile.

8. “Stay Beautiful”

Written by Taylor Swift, Liz Rose · 3:58

Admiring someone from afar, without him ever knowing.

9. “Should’ve Said No”

Written by Taylor Swift · 4:04

Confronting a cheating ex. Written alone, it became her second country No. 1.

10. “Mary’s Song (Oh My My My)”

Written by Taylor Swift, Liz Rose, Brian Maher · 3:35

A love story that lasts from childhood to marriage.

11. “Our Song”

Written by Taylor Swift · 3:24

A couple who make a song out of their everyday moments. Written alone, it went to No. 1 on Hot Country Songs.

Taylor Swift performs in 2007.
Taylor Swift performing in 2007. Photo: Brian Cantoni, CC BY 2.0, via Wikimedia Commons.

The writers’ room

Seven of the 11 songs were co-written with Liz Rose, who met Taylor through her publishing deal and became her most important early collaborator. Robert Ellis Orrall and Angelo Petraglia co-wrote “A Place in This World,” and Brian Maher joined Taylor and Rose on “Mary’s Song.” Three songs, “The Outside,” “Should’ve Said No” and “Our Song,” are Taylor’s alone.

A note on “Tied Together with a Smile”

One of the album’s quietest songs carries one of its heaviest subjects. If you or someone you love is struggling with an eating disorder, support is available from the National Alliance for Eating Disorders.

Match game · 6 questions

Name that track

We describe the theme. You pick the song.

Score: 0

01 / 06

The theme: feeling left out because of your love of country music.

02 / 06

The theme: a love that lasts from childhood all the way to marriage.

03 / 06

Which track is the shortest on the album?

04 / 06

Which song closes the album?

05 / 06

How many songs did Taylor write entirely on her own?

06 / 06

Which track has three credited writers?

Sources

Boston Made is not affiliated with or endorsed by Taylor Swift or her record labels. Photos are freely licensed from Wikimedia Commons and credited under each image.

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Boston Made Stories

The Bluebird Night: How a Teenage Songwriter Talked Her Way Into Nashville

She turned down a development deal at 13, signed as a songwriter at 14 and landed a record contract after one night at the Bluebird Café. Part two of our Countdown to 20.

Nathan Strickland

Published

on

Taylor Swift performing live in 2007
Boston Made, Inc.Office of the Founder & Chairman
From the desk of Nathan StricklandBoston, Massachusetts ·

Dear Sir or Madam,

BOSTON — Before there was a debut album, there was a teenager who refused to wait. The story of how Taylor Swift came to exist is a story about saying no to the wrong deal and yes to the right room.

Walking away at 13

When Taylor was 13, RCA Records offered her an artist development deal. On paper it was a dream. In practice, the label wanted to keep her in development until she turned 18. She did not want to wait five years to make an album, so she left.

A songwriter at 14

At 14, she signed a songwriting deal with Sony/ATV in Nashville, becoming the youngest songwriter the publisher had ever signed. The family relocated to the Nashville area so she could write with professionals after school. That is how she met Liz Rose, the songwriter who would go on to co-write seven of the debut’s 11 songs.

Taylor Swift performs live in 2007.
Taylor Swift performing live in 2007. Photo: minds-eye, CC BY-SA 2.0, via Wikimedia Commons.

The Bluebird Café, November 2004

The Bluebird Café is a small room with a huge reputation. It is where Nashville’s songwriters play their songs in the round, and where industry people go to listen. In November 2004, Taylor played a showcase there. In the audience was Scott Borchetta, a music executive who was starting his own label, Big Machine Records.

Borchetta offered her a recording contract. About two weeks later, she said yes, choosing an independent label that did not yet exist over the safety of a major. Big Machine partnered with Universal Music Group for distribution, and the contract was finalized by July 2005.

Finding the sound

The label tried several producers before settling on Nathan Chapman, a little-known producer Taylor had been making demos with. It was the right call. Chapman produced every song on the album except “The Outside,” and recording took about four months, wrapping up near the end of Taylor’s freshman year of high school.

Why it still matters

Every decision in this story points in the same direction: songwriting first, control over her own work, and betting on herself. Twenty years later, those are still the throughlines of her career.

Trivia · 6 questions

The road to Nashville

How much do you know about the years before the debut?

Score: 0

01 / 06

How old was Taylor when she signed her songwriting deal with Sony/ATV?

02 / 06

Which label offered her an artist development deal at 13?

03 / 06

Where was the 2004 showcase that changed everything?

04 / 06

Who was in the audience starting a new label?

05 / 06

Who ended up producing the album?

06 / 06

Roughly how long did recording take?

Sources

Boston Made is not affiliated with or endorsed by Taylor Swift or her record labels. Photos are freely licensed from Wikimedia Commons and credited under each image.

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