AI Infrastructure Acquisition (AIIA)
Market Price (6/1/2026): $10.35 | Market Cap: $199.7 MilSector: Financials | Industry: Multi-Sector Holdings
AI Infrastructure Acquisition (AIIA)
Market Price (6/1/2026): $10.35Market Cap: $199.7 MilSector: FinancialsIndustry: Multi-Sector Holdings
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Low stock price volatilityVol 12M is 3.6% Megatrend and thematic driversMegatrends include Artificial Intelligence. Themes include Data Centers & Infrastructure. | Trading close to highsDist 52W High is -0.3%, Dist 3Y High is -0.3% Weak multi-year price returns2Y Excs Rtn is -42%, 3Y Excs Rtn is -81% | Key risksAIIA key risks include [1] its failure to complete a business combination within its mandated timeframe, Show more. |
| Low stock price volatilityVol 12M is 3.6% |
| Megatrend and thematic driversMegatrends include Artificial Intelligence. Themes include Data Centers & Infrastructure. |
| Trading close to highsDist 52W High is -0.3%, Dist 3Y High is -0.3% |
| Weak multi-year price returns2Y Excs Rtn is -42%, 3Y Excs Rtn is -81% |
| Key risksAIIA key risks include [1] its failure to complete a business combination within its mandated timeframe, Show more. |
Qualitative Assessment
AI Analysis | Feedback
AI Infrastructure Acquisition (AIIA) stock has remained largely at the same level since 2/28/2026 because of the following key factors:
1. AI Infrastructure Acquisition Corp.'s (AIIA) status as a pre-business combination Special Purpose Acquisition Company (SPAC) naturally keeps its stock price closely tied to its initial public offering (IPO) price of $10.00 per unit. Until a definitive merger agreement with a target company is announced and approved, the stock primarily reflects the cash held in its trust account, limiting significant price fluctuations.
2. The company's financials indicate that its only source of income is the interest generated from its trust account, reinforcing its "cash box" nature. For the first quarter of 2026, AIIA reported a net income of $1.07 million, derived almost entirely from $1.23 million in interest on the approximately $140.48 million held in its trust account, with no operational revenue. This structure provides a floor for the stock value but no fundamental drivers for appreciation without an active operating business.
Show more
Stock Movement Drivers
Fundamental Drivers
The 1.0% change in AIIA stock from 2/28/2026 to 5/31/2026 was primarily driven by a 0.0% change in the company's P/E Multiple.| (LTM values as of) | 2282026 | 5312026 | Change |
|---|---|---|---|
| Stock Price ($) | 10.02 | 10.12 | 1.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | � | � | 0.0% |
| Net Income Margin (%) | � | � | 0.0% |
| P/E Multiple | � | � | 0.0% |
| Shares Outstanding (Mil) | 17 | 19 | -9.8% |
| Cumulative Contribution | 0.0% |
Market Drivers
2/28/2026 to 5/31/2026| Return | Correlation | |
|---|---|---|
| AIIA | 1.0% | |
| Market (SPY) | 10.6% | -0.7% |
| Sector (XLF) | 0.8% | -5.4% |
Fundamental Drivers
The 2.1% change in AIIA stock from 11/30/2025 to 5/31/2026 was primarily driven by a 0.0% change in the company's P/E Multiple.| (LTM values as of) | 11302025 | 5312026 | Change |
|---|---|---|---|
| Stock Price ($) | 9.91 | 10.12 | 2.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | � | � | 0.0% |
| Net Income Margin (%) | � | � | 0.0% |
| P/E Multiple | � | � | 0.0% |
| Shares Outstanding (Mil) | 17 | 19 | -9.8% |
| Cumulative Contribution | 0.0% |
Market Drivers
11/30/2025 to 5/31/2026| Return | Correlation | |
|---|---|---|
| AIIA | 2.1% | |
| Market (SPY) | 11.3% | -0.4% |
| Sector (XLF) | -2.4% | -9.2% |
Fundamental Drivers
nullnull
Market Drivers
5/31/2025 to 5/31/2026| Return | Correlation | |
|---|---|---|
| AIIA | ||
| Market (SPY) | 29.8% | -1.2% |
| Sector (XLF) | 2.8% | -10.0% |
Fundamental Drivers
nullnull
Market Drivers
5/31/2023 to 5/31/2026| Return | Correlation | |
|---|---|---|
| AIIA | ||
| Market (SPY) | 88.1% | -1.2% |
| Sector (XLF) | 70.5% | -10.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| AIIA Return | - | - | - | - | 0% | 2% | 2% |
| Peers Return | 72% | -18% | 156% | 71% | 28% | 73% | 1270% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 101% |
Monthly Win Rates [3] | |||||||
| AIIA Win Rate | - | - | - | - | 50% | 100% | |
| Peers Win Rate | 63% | 43% | 67% | 60% | 55% | 64% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| AIIA Max Drawdown | - | - | - | - | - | -1% | |
| Peers Max Drawdown | -21% | -50% | -24% | -43% | -46% | -24% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: NVDA, AMD, MRVL, AVGO, SMCI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/29/2026 (YTD)
How Low Can It Go
AIIA has limited trading history. Below is the Financials sector ETF (XLF) in its place.
| Event | XLF | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -15.5% | -18.8% |
| % Gain to Breakeven | 18.4% | 23.1% |
| Time to Breakeven | 80 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -10.7% | -9.5% |
| % Gain to Breakeven | 12.0% | 10.5% |
| Time to Breakeven | 26 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -16.1% | -6.7% |
| % Gain to Breakeven | 19.1% | 7.1% |
| Time to Breakeven | 270 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -22.3% | -24.5% |
| % Gain to Breakeven | 28.6% | 32.4% |
| Time to Breakeven | 467 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -42.8% | -33.7% |
| % Gain to Breakeven | 74.8% | 50.9% |
| Time to Breakeven | 289 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -19.7% | -19.2% |
| % Gain to Breakeven | 24.5% | 23.8% |
| Time to Breakeven | 123 days | 105 days |
In The Past
State Street Financial Select Sector SPDR ETF's stock fell -15.5% during the 2025 US Tariff Shock. Such a loss loss requires a 18.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
AIIA has limited trading history. Below is the Financials sector ETF (XLF) in its place.
| Event | XLF | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -22.3% | -24.5% |
| % Gain to Breakeven | 28.6% | 32.4% |
| Time to Breakeven | 467 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -42.8% | -33.7% |
| % Gain to Breakeven | 74.8% | 50.9% |
| Time to Breakeven | 289 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -21.4% | -12.2% |
| % Gain to Breakeven | 27.3% | 13.9% |
| Time to Breakeven | 272 days | 62 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -26.1% | -17.9% |
| % Gain to Breakeven | 35.3% | 21.8% |
| Time to Breakeven | 162 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -78.3% | -53.4% |
| % Gain to Breakeven | 359.8% | 114.4% |
| Time to Breakeven | 2329 days | 1085 days |
In The Past
State Street Financial Select Sector SPDR ETF's stock fell -15.5% during the 2025 US Tariff Shock. Such a loss loss requires a 18.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About AI Infrastructure Acquisition (AIIA)
AI Analysis | Feedback
nullAI Analysis | Feedback
- Business Combination Vehicle: AIIA operates as a Special Purpose Acquisition Company (SPAC) formed to effect a merger or acquisition with one or more businesses, focusing primarily on companies in artificial intelligence and next-generation data center infrastructure.
AI Analysis | Feedback
Based on the provided information, AI Infrastructure Acquisition (AIIA) is a Special Purpose Acquisition Company (SPAC) that was incorporated on May 13, 2025. Its stated purpose is to effect a business combination (merger, acquisition, etc.) with one or more businesses or entities.
The company description explicitly states: "To date, our efforts have been limited to organizational activities as well as activities related to this offering. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us."
Therefore, AI Infrastructure Acquisition (AIIA) does not currently have any major customers, as it is not yet an operating business selling products or services. It is a shell company formed for the purpose of acquiring another company.
AI Analysis | Feedback
nullAI Analysis | Feedback
Michael D. Winston, CFA Chief Executive Officer, Director
Mr. Winston has served as AI Infrastructure Acquisition's Chief Executive Officer and a director since May 2025. He also serves as a director, Chief Executive Officer, and President of the company's sponsor, AIIA Sponsor Ltd., since May 2025. Mr. Winston founded Jet Token, Inc. in 2018 and has served as its Executive Chairman since its founding. He began serving as Interim Chief Executive Officer for Jet.AI in August 2023. Mr. Winston started his career in 1999 with Credit Suisse First Boston Corporation and later worked as a portfolio manager at Millennium Partners LP in 2012.
George Murnane Chief Financial Officer, Director
Mr. Murnane has served as AI Infrastructure Acquisition's Chief Financial Officer and a director since May 2025. He also serves as a director, Chief Financial Officer, and Secretary of AIIA Sponsor Ltd. since May 2025. Mr. Murnane has served as Jet.AI's Interim Chief Financial Officer since August 2023 and as Jet Token, Inc.'s Chief Executive Officer since September 2019.
Wrendon Timothy Independent Director
Mr. Timothy has served as an independent director of AI Infrastructure Acquisition since May 2025. He also serves as an independent director of AIIA Sponsor Ltd. since May 2025. Mr. Timothy is Jet.AI's lead independent director, chairman of the audit committee, and a member of the compensation, and nominating and corporate governance committees of the board. Previously, he served as the Chief Financial Officer, Treasurer, Secretary, and director of Oxbridge Acquisition Corp. (NASDAQ: OXAC) from April 2021 until its business combination with Jet.AI, and also as a director on OXAC's sponsor, OAC Sponsor Ltd.
Joshua A. Adler Independent Director
Mr. Adler is listed as an Independent Director of AI Infrastructure Acquisition Corp.
Peter B. Stoneberg Independent Director
Mr. Stoneberg is listed as an Independent Director of AI Infrastructure Acquisition Corp.
AI Analysis | Feedback
Key Risks to AI Infrastructure Acquisition (AIIA)
The primary and most significant risk to AI Infrastructure Acquisition (AIIA) is its potential
failure to complete an initial business combination
. As a Special Purpose Acquisition Company (SPAC) incorporated solely for the purpose of merging with, acquiring, or reorganizing with one or more businesses, AIIA currently has no operations or assets other than those related to its formation and offering. The company explicitly states that it has not yet selected any specific business combination target nor initiated substantive discussions with any potential targets. If AIIA is unable to identify and successfully complete a suitable business combination within a typical timeframe for SPACs, it may be forced to liquidate, potentially returning funds to shareholders but without achieving its stated business objective.AI Analysis | Feedback
nullAI Analysis | Feedback
AI Infrastructure Acquisition (AIIA) is a Special Purpose Acquisition Company (SPAC) that focuses on identifying business combination targets in high-impact private technology companies advancing artificial intelligence (AI) and machine learning capabilities, as well as those involved in building, operating, or enabling next-generation data center infrastructure.
The addressable markets for the types of businesses AIIA intends to acquire are substantial and global:
- In 2025, global investments in major data center projects were approximately $1.5 trillion, reflecting the growing demand for AI infrastructure and cloud computing services worldwide.
- The global AI infrastructure market size was valued at approximately $58.78 billion in 2025 and is projected to grow to around $497.98 billion by 2034.
- The global machine learning market size was valued at approximately $47.99 billion in 2025 and is expected to reach about $432.63 billion by 2034.
- The global AI data center market size was estimated at around $147.28 billion in 2025 and is projected to reach approximately $810.61 billion by 2033.
- Global capital expenditures on data center infrastructure (excluding IT hardware) are expected to exceed $1.7 trillion by 2030, driven by the expansion of AI, edge computing, and high-performance computing (HPC).
AI Analysis | Feedback
The following are expected drivers of future revenue growth for AI Infrastructure Acquisition (AIIA) over the next 2-3 years:- Growing adoption of AI and machine learning solutions: An acquired company providing AI-related infrastructure, software, or services will benefit from the increasing integration of AI across various industries, leading to higher demand for its offerings.
- Expansion of next-generation data center capacity: As global investments in high-performance computing and AI-specific data centers continue to surge, an acquired entity involved in building, operating, or enabling this infrastructure will see increased opportunities for deployment and service provision.
- Technological advancements in semiconductor acceleration and edge computing: A target company specializing in GPUs, AI chips, or edge computing solutions would experience revenue growth driven by continuous innovation, upgrades, and the broadening application of these critical technologies.
- Strategic market penetration in key AI and digital infrastructure segments: Through potential future acquisitions or organic expansion into underserved or emerging sub-sectors within the AI and broader digital infrastructure value chain, the combined entity could capture new customer bases and revenue streams.
AI Analysis | Feedback
nullTrade Ideas
Select ideas related to AIIA.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 04302026 | EEFT | Euronet Worldwide | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 04242026 | HOMB | Home BancShares | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 1.5% | 1.5% | 0.0% |
| 03312026 | HBAN | Huntington Bancshares | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 7.1% | 7.1% | 0.0% |
| 03312026 | NP | Neptune Insurance | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 3.9% | 3.9% | 0.0% |
| 03272026 | JKHY | Jack Henry & Associates | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.3% | 0.3% | -4.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 208.07 |
| Mkt Cap | 511.3 |
| Rev LTM | 37,454 |
| Op Inc LTM | 4,364 |
| FCF LTM | 8,574 |
| FCF 3Y Avg | 4,166 |
| CFO LTM | 9,725 |
| CFO 3Y Avg | 4,962 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 35.0% |
| Rev Chg 3Y Avg | 26.2% |
| Rev Chg Q | 37.8% |
| QoQ Delta Rev Chg LTM | 8.1% |
| Op Inc Chg LTM | 52.8% |
| Op Inc Chg 3Y Avg | 230.0% |
| Op Mgn LTM | 16.4% |
| Op Mgn 3Y Avg | 8.2% |
| QoQ Delta Op Mgn LTM | 0.8% |
| CFO/Rev LTM | 26.0% |
| CFO/Rev 3Y Avg | 25.8% |
| FCF/Rev LTM | 22.9% |
| FCF/Rev 3Y Avg | 20.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 511.3 |
| P/S | 20.7 |
| P/Op Inc | 74.8 |
| P/EBIT | 54.3 |
| P/E | 71.6 |
| P/CFO | 71.4 |
| Total Yield | 1.5% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 2.1% |
| D/E | 0.0 |
| Net D/E | 0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 15.3% |
| 3M Rtn | 41.2% |
| 6M Rtn | 27.7% |
| 12M Rtn | 71.2% |
| 3Y Rtn | 285.4% |
| 1M Excs Rtn | 14.3% |
| 3M Excs Rtn | 31.0% |
| 6M Excs Rtn | 18.3% |
| 12M Excs Rtn | 43.7% |
| 3Y Excs Rtn | 278.0% |
Earnings Returns History
Updated N/A/N/A/N/A| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
Industry Resources
| Financials Resources |
| Federal Reserve Economic Data |
| Federal Reserve |
| FDIC Data |
| American Banker |
| The Banker |
| Banking Technology |
| Multi-Sector Holdings Resources |
| McKinsey & Company Insights |
| Harvard Business Review |
| ValueWalk |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.