Beneath the visible spectacle of artificial intelligence — the chatbots, the models, the proclamations of transformation — lies a quieter industrial world of compressors and vacuum pumps without which none of it can be built. Atlas Copco, a Swedish manufacturer embedded deep in semiconductor supply chains, has drawn analyst attention as a vehicle for investors who wish to participate in the AI infrastructure moment not through software or chips, but through the unglamorous machinery that makes chip fabrication possible. In an era of breathless technological speculation, the case for Atlas Copc