This Week in Thematics

Research evidence excerpt

This Week in Thematics

Equity Research

Thematic Investing

15 May 2026

*NEW RESEARCH* Powering AI: Data Center Cooling & Water

Use, Q2 Hyperscaler Capex Updates, Rare Earths: Insights

from Ionic Rare Earths' CEO; *NEWSFLOW* New fertility Thematic Investing

benefits in US, CATL to increase battery capacity, EU's 2030 Hiral+44 (0)20Patel3134 1618

hiral.patel@barclays.comcircularity blueprint & more... *EVENTS* Recycling site visit

(Mkango) Barclays, UK

Katherine Ogundiya

+44 (0)20 3134 1391

1. Latest thematic research: katherine.a.ogundiya@barclays.com

Powering AI: Demystifying Data Center Cooling & Water Use (13.05.26) Barclays, UK

Rare Earths and Resilience: Insights from Ionic Rare Earths' CEO (11.05.26) Laia Marin i Sola, CFA

Q2 Hyperscaler Capex Update: Drivers & Implications for US & European Industrials (08.05.26) + 44 (0)20 3134 2531

2. Thematic newsflow: laia.marin@barclays.com

- US proposes new fertility benefits to expand access Barclays, UK

- Study: gut microbiome supplement help weight loss Amy Lian

- CATL to increase sodium-ion battery capacity +44 (0)20 3134 0179

- Cultivated pet food scales in Europe: FORZA10, Meatly amy.lian@barclays.com

- EU launches 2030 circularity blueprint for textile industry Barclays, UK

- Target, Syre expand partnership on recycled polyester William Thompson

- Quantum Motion raises $160m for silicon quantum chips +1 212 526 8641

- nVision raises $55m Series B, adds quantum drug discovery william.s.thompson@barclays.com

- Foxconn cyberattack exposes 8TB data theft risk BCI, US

- Exaforce raises $125m Series B, for AI-driven SOC platform Hannah Greenberg

3. Thematic events: +1 212 526 2457

09.07 - Rare Earth Elements: Visit a recycling plant with Mkango Resources (Investor Site Visit) hannah.greenberg@barclays.com