For years, AI infrastructure has been the leading theme.
And there is no reason to think that has changed.
It has only accelerated.
Chips: $NVIDIA(NVDA)$ $Broadcom(AVGO)$ $Advanced Micro Devices(AMD)$ $ASML Holding NV(ASML)$ $ARM Holdings(ARM)$ $KLA-Tencor(KLAC)$
Foundry: $Taiwan Semiconductor Manufacturing(TSM)$ $Intel(INTC)$
Memory: $SanDisk Corp.(SNDK)$ $Micron Technology(MU)$ $Western Digital(WDC)$ $Seagate Technology PLC(STX)$
Networking: $Credo Technology Group Holding Ltd(CRDO)$ $Astera Labs, Inc.(ALAB)$ $Arista Networks(ANET)$ $Marvell Technology(MRVL)$
Photonics: $Applied Optoelectronics(AAOI)$ $Silver Verde May Mining Co., Inc.(SIVE)$ $AXT Inc(AXTI)$ $Lumentum(LITE)$ $COHERENT(COHR)$ $Corning(GLW)$
Servers: $Vertiv Holdings LLC(VRT)$ $Dell Technologies Inc.(DELL)$ $Hewlett Packard Enterprise(HPE)$
Energy: $Bloom Energy Corp(BE)$ $Talen(TLN)$ $GE Vernova Inc.(GEV)$ $T1 ENERGY INC(TE)$
Data: $Innodata(INOD)$ $Snowflake(SNOW)$ $Datadog(DDOG)$
Neoclouds: $NEBIUS(NBIS)$ $CoreWeave, Inc.(CRWV)$ $APPLIED DIGITAL CORP(APLD)$ $IREN Ltd(IREN)$ $WhiteFiber, Inc.(WYFI)$ $BOOST RUN INC(BRUN)$
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