My pick is ①: Inference / AI Agents. Selling off Asian chip stocks just because AI leaders said "slow down" is a knee-jerk overreaction. Slowing down frontier training doesn't mean stopping construction. Foundation models are already big enough. The money is shifting from chasing model benchmarks to monetizing inference and agents. High-frequency inference consumes HBM and DRAM even more persistently. The memory logic is intact. ASICs and networking will benefit as demand diversifies. Today's broad sell-off is a textbook headline-driven panic. Don't hand over your core chips. Let Micron's Sept 30 earnings show the real demand numbers. I'm watching for dips, not joining the bears.

$Vanguard标普500ETF(VOO)$