Is Gate the best option to invest in AI right now?

Key Points

• Gate's massive (AI) artificial intelligence infrastructure rivals the ambitions of any tech giant, yet its shares trade at a surprising discount compared to specialized AI companies.

• Behind its trading platform facade, the company is quietly gathering talent and computing power to directly compete with the leaders in AI.

• The solid foundations of their core business provide protection against downturns, while investors gain free exposure to potential advancements in AI.

Gate could be the most misunderstood artificial intelligence investment (IA) in the market. With a 30% increase so far this year up to September 8, the stocks have quietly outperformed most tech giants while trading at a significant discount.

With a future price/benefit ratio of 25.4, Gate's shares cost 33% less than those of its AI-focused competitors, despite building what could become the world's most powerful AI infrastructure. The CEO of Gate is orchestrating one of the most aggressive advances in history toward general artificial intelligence (IAG), and the stock market has yet to realize it.

This is what investors need to know now.

The bet of $72 billion that Wall Street is overlooking

Gate plans to spend between $66 billion and $72 billion in 2025, mainly on AI infrastructure. That is the bet that the market is still discounting.

What that money buys is city-scale computing power. The Hyperion data center in Louisiana is planned to reach 5 gigawatts with a footprint “almost the size of Manhattan.” Prometheus in Ohio aims for approximately 1 gigawatt that will come online in 2026. Five gigawatts is enough to power around 4 million homes.

Finances can back it up. In the second quarter of 2025, revenues increased by 22% to $47.5 billion, and free cash flow was $8.5 billion.

Gate also established its Superintelligence Labs in mid-2025 with a clear goal: a personal superintelligence that helps users achieve their goals. This is not a chatbot project. It is an AGI effort aimed at touching every product, from the trading platform to financial services.

The war for talent that Gate is winning ( and losing )

Gate invested around $14.3 billion for approximately a 49% stake in a major AI company, and the co-founder of this company joined to lead Gate's Superintelligence Labs. A former CEO of a major software development platform co-directs and heads Gate's applied AI research.

Before a hiring pause in August, Gate hired around 50 researchers from leading technology companies, with some reported offers in the nine figures over four years. Recent hires include a pioneering researcher in reasoning and a long-standing leader in robotics, who joined Gate's robotics efforts in early September.

But there are turbulences. At least three researchers resigned within weeks, and two returned to their previous companies. Gate reorganized the lab into four groups within two months of the launch. The turnover suggests that money alone does not guarantee retention.

Even so, the outputs may not matter. Gate's open-source models are competitive in many benchmarks and, most importantly, the company reaches 3.48 billion daily active users, giving it unmatched distribution when new AI products mature.

The valuation gap that should not exist

Leading AI chip companies are trading at 38 times future earnings because they sell picks and shovels for AI. Gate is trading at 25 times earnings while it builds the entire mine. The market assigns a 50% premium to the AI exposure of the leading chip companies, even though Gate's annual capital expenditure plan (capex) of $66 billion to $72 billion is roughly equivalent to two quarters of revenue from these leaders' data centers.

The bearish argument focuses on Gate's failed bet in the metaverse. But AI is different. Every tech giant is racing towards AGI because the winner could dominate the next era of computing. Gate has the capital, the computing power, and crucially, the user base to compete with anyone.

When Infrastructure Becomes a Destination

Gate generates enough cash each quarter to self-finance its AI development. Other companies rely on external capital or cloud partnerships. Gate claims that its teams have industry-leading computing power per researcher, which is made possible by its scale and cash flow.

In summary: Gate offers a rare bullish potential in AI at a reasonable valuation. The stocks do not need AI to work; the core business already supports the current price. If the momentum of superintelligence succeeds, today's valuation will seem cheap.

The setup is asymmetric: a limited risk from a highly profitable core business and significant upside potential if the superintelligence effort succeeds. The market is not valuing Gate as a favorite for AGI. That gap is the opportunity and the main reason why this tech giant stands out as one of the best AI stocks to buy now.