Air Products
APDAir Products sells industrial gases such as oxygen, nitrogen and hydrogen, plus the equipment that produces them, supplying basic inputs that chipmakers and data centres need. We follow it because it supplies materials and gases used to make the chips that the AI build runs on.
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- APD
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The living report
Bears on our standing view that spending on the AI build is running ahead of its revenue. It is proved wrong if cloud revenue keeps pace with contracted backlog through the next two rounds of reports, and no other big buyer starts renting out spare capacity.
Bears on our standing view that the market is paying less for earnings, not doubting the businesses. It is proved wrong if at the late-October to mid-November prints, companies that beat and raise keep falling while companies that miss hold. That would say the market is pricing the businesses, not the money.
Members: queues this company for a report on a coming night.
The market record
Free during the preview. Each figure shows only where two independent data providers, Massive and Yahoo, agree on it to the cent; a figure they do not agree on is left out. Dated, not live. It describes; it does not recommend.
close of 6 Nov 2026 · Massive and Yahoo agree
6 Nov 2026 · both providers agree
intraday low 10 Dec 2025 · intraday high 5 Nov 2026 · 251 sessions to 6 Nov 2026 · both providers agree
the 6 Nov 2026 close × 222,685,530 shares outstanding on the 10-Q cover, as of 30 Jun 2026
Filings
Newest first, from EDGAR. Where a piece read a filing, one line of what it said.
Where it sits in the frame
AI compute has split into a rented market and a government-funded one.
Reports next
Latest disclosed
What it has disclosed
Newest first. Every figure traces to a filing; "Show sources" shows which.
Mentioned in
Every piece that names this company, newest first: what it said, and the standing view it bore on. Written when the piece is committed; never edited, never removed.
Same question
Other companies under Who makes the chips, and the tools to make them?
This entry
Prices on this page are dated market records, shown free during the preview, each confirmed by two independent data providers. None is a recommendation.
Record
Written according to the Grant Bishop standard — machine-researched, machine-checked, human-judged; then read and committed by the publisher. Every number traces to a filing or a dated market record; every claim carries a date and what would prove it wrong.
- Verification
- multi-source verified, machine-drafted, human-gated
- As of
- 2026-07-30
- Bears on
- Position disclosure
- The publisher holds index-level U.S. equity exposure and no direct position in any single name discussed.
- Not advice
- General commentary for a general audience. Not advice for your situation.