📊 Macro Dashboard
The numbers that anchor the entire thesis
Hyperscaler Capex 2026E
~$600B
↑ 60-70% YoY · MSFT/GOOGL/META/AMZN/ORCL
Global AI Infra Spend →2028
~$3T
Morgan Stanley est.
DC Power Load 2028E
74–132 GW
↑ 325–580 TWh · LBNL projection
WFE Market 2026E
$135B+
↑ 23% YoY · from $110B in 2025
HBM Market 2026E
$54.6B
↑ 58% YoY · 2027E: $91.7B
CoWoS Supply/Demand Gap
−200K wfr
Target 120-130K wpm by EOY
NVIDIA FY26 Revenue
$215.9B
↑ 65% YoY · Q1 FY27 guide: $78B
SMCI Export Indictment Impact
−33%
Co-founder indicted Mar 2026
US Data Center Power Demand (TWh)
HBM Market Size ($B) — Supply vs Demand
🗺 Complete Value Chain Map
14 layers from energy to cloud — click a ticker to open detailed analysis
90-100% Critical
80-89% Strained
70-79% Tight
60-69% Adequate
<60% Expanding
14
AI Cloud / Neoclouds
Expanding · CRWV, NBIS, IREN, CIFR
55%
13
Data Center REITs
Adequate · EQIX, DLR, IRM
62%
1
GPU / Accelerators
Very Tight 🔥 · NVDA, AMD, ARM, INTC
90% 🔥
2
Custom ASIC + NIC
Tight · AVGO, MRVL, ALAB, CRDO
80%
6
Networking / Switching
Tight · ANET, CRDO, ALAB
75%
7
Optics / Photonics
Shortage · LITE, COHR, MRVL
88%
8
Interconnect / Copper
Tight · APH, CRDO
76%
9
Server OEM / Integration
Opportunity · SMCI, DELL, HPE
72%
5
Memory / HBM
SOLD OUT 🔥 · MU, 000660.KS, 005930.KS
98% 🔥
3
Foundry + Packaging (CoWoS)
BOTTLENECK 🔥 · TSM, 005930.KS
93% 🔥
4
Semi Equipment
Balanced · ASML, AMAT, LRCX, KLAC, TER
70%
10
Power Delivery + Cooling
Strained · VRT, ETN
82%
11
Power Generation
Sold Out · GEV
85%
12
Energy / Nuclear
Constrained · CEG, VST, OKLO, BWXT
78%
▲ Dependency Flow: Energy → Power → Foundry → Memory → GPU → Networking → Server → Cloud ▲
1GPU / Accelerators
NVDAAMDARMINTC
2Custom ASIC + NIC
AVGOMRVLALABCRDO
3Foundry + Packaging
TSM005930.KS
4Semi Equipment
ASMLAMATLRCXKLACTERAEIS
5Memory (HBM)
MU000660.KS005930.KS
6Networking / Switching
ANETCRDOALAB
7Optics / Photonics
LITECOHRMRVL
8Interconnect / Copper
APHCRDO
9Server OEM / Integration
SMCIDELLHPE
10Power Delivery + Cooling
VRTETN
11Power Generation
GEV
12Energy / Nuclear
CEGVSTOKLOBWXT
13Data Center REITs
EQIXDLRIRM
14AI Cloud / Neoclouds
CRWVNBISIRENCIFR
🔴 Bottleneck Radar
Capacity utilization as % of demand — higher = more constrained = more pricing power
Supply Tightness vs Demand (2026)
Constraint Map
🟣 Layer 1 — GPU / AI Accelerators
The primary demand driver; NVDA dominant but AMD and ARM gaining share
NVIDIA
NVDA · NASDAQ
Irreplaceable GPU platform. Q4 FY26 $68.1B (+73% YoY, record). Blackwell shipping, Vera Rubin H2 2026 but 500K unit cut on HBM4 issues. FY27 consensus $370B+. CUDA ecosystem moat. Controls CoWoS allocation.
FY26 Revenue$215.9B
YoY Growth+65%
Q1 FY27 Guide$78.0B
FY27 Consensus$370B+
Advanced Micro Devices
AMD · NASDAQ
Q4 $10.3B, DC $5.4B (+39%). MI350 ramping, Meta largest AI GPU customer (~42% alloc). MI450 specs: 40 PFLOPS FP4. 6 GW Meta partnership. Oracle 27K-node MI355X cluster. 2026 DC GPU target $15B.
Q4 FY26 DC Rev$5.4B
YoY Growth+39%
Key CustomerMeta (42%)
MI450 Perf40 PFLOPS FP4
Arm Holdings
ARM · NASDAQ
Q3 $1.24B (+26%). AGI CPU launched Mar 24 — agentic AI inference at DC scale. Meta lead customer, OpenAI anchor. TSMC 3nm. $15B/yr AGI CPU revenue by 2031, total $25B ARR target.
Q3 Revenue$1.24B (+26%)
AGI CPU Rev Target$15B/yr (2031)
Total Rev Target$25B/yr
ProductionTSMC 3nm
GPU / Accelerator Revenue Ramp ($B)
🔵 Layer 2 — Custom ASIC + Connectivity
Broadcom/Marvell building hyperscaler custom chips; Astera/Credo dominating cluster connectivity
AVGO AI Revenue Quarterly ($B)
MRVL + ALAB + CRDO Revenue YoY Growth (%)
Broadcom
AVGO · NASDAQ
Custom ASIC kingmaker — Google TPUs, Meta MTIA. Q1 $19.3B total, AI $8.4B (+106%). Q2 guide $22B, AI guide $10.7B (+28% QoQ). 6 XPU customers confirmed. >$100B AI chip target by 2027. $73B backlog.
Q1 FY26 AI Rev$8.4B
YoY Growth+106%
Q2 Guide (Total)$22.0B
2027 AI Target>$100B
Marvell Technology
MRVL · NASDAQ
Custom silicon scaled 0→$1.5B in FY26. FY26 $8.2B (+42%), FY27 guide ~$11B (+34%). DC 74% of revenue. Celestial AI acq ($3.25-5.5B) adds photonic fabric. All FY27 custom silicon POs in hand.
FY26 Revenue$8.2B (+42%)
FY27 Guide~$11B
Custom Silicon$1.5B (+100%)
DC % of Rev74%
Astera Labs
ALAB · NASDAQ
Scorpio X-Series in production. PCIe/CXL retimers embedded in Blackwell ecosystem. NVLink Fusion expanding opens 3rd-party ASIC market. Amazon $6.5B warrant deal. UALink solutions H2 2026.
Q4 2025 Rev$270.6M
YoY Growth+92%
FY25 Revenue$852.5M (+115%)
GAAP GM75.6%
Credo Technology
CRDO · NASDAQ
AEC monopolist — ~70% market share replacing DAC cables. Q3 FY26 $407M (+201% YoY). Q4 guide $425-435M. DustPhotonics acquired for $750M adds silicon photonics. Revenue nearly equals prior full year in single quarter.
Q3 FY26 Rev$407M (+201%)
Q4 Guide$425-435M
Net Income$157.1M
Non-GAAP GM64-66%
🔵 Layers 3 & 4 — Foundry + Semi Equipment
TSMC & Foundry Metrics
Q1 2026 Revenue$35.71B (+35% YoY)
2026 Capex Plan$52–56B
CoWoS Capacity Now75–80K wpm
CoWoS Capacity Target120–130K wpm
NVDA CoWoS Allocation>50% of 2026 supply
N2 StatusIn HVM (2026)
AP8 Arizona FabRamping 2026–2027
AI Revenue CAGR 2024–2029E~60%
Semi Equipment — Latest Results & Thesis
ASMLQ1 €8.8B · 2026 guide €36-40B raised
AMAT$7.01B · Q2 guide $7.65B (massive beat)
LRCX$5.34B (+22%) · Q3 guide $5.7B
KLAC$3.21B (+13%) · 2030 target $26B rev
TER (Teradyne)$1.08B (+44%) · 60%+ AI revenue
AEIS (Advanced Energy)$489M (+18%) · DC +101% YoY
WFE upcycle: $110B→$135B in 2026. MATCH Act risk for ASML China DUV (~5% rev). Cleanroom-constrained market.
🟠 Layer 5 — Memory (HBM)
Structural shortage; Micron FY26 HBM capacity 100% sold out under binding contracts
Micron Technology
MU · NASDAQ
Sole US HBM4 supplier. FQ2 $23.86B (3x YoY), GM 74.9%. FQ3 guide $33.5B rev + ~81% GM — extraordinary for historically cyclical memory. 5-yr supply commitment agreements. HBM4 sold out through CY26.
FQ2 Revenue$23.86B (3x YoY)
FQ2 GM74.9%
FQ3 Rev Guide$33.5B
FQ3 GM Guide~81%
Cyclicality Risk
SK Hynix
000660.KS · KRX
#1 HBM supplier with ~47% market share (down from 57-62% as Samsung qualifies). Cutting HBM4 shipments 20-30% due to Rubin delays. HBM4 mass production leader. Primary NVDA supplier. HBM4E begins 2027.
HBM Market Share~47%
HBM4 StatusMass Production
Rubin Impact-20-30% cuts
Access (US)HXSCF (OTC)
HBM Market Share 2026E & Revenue Growth
HBM Total Market 2026E$54.6B (+58%)
HBM Total Market 2027E$91.7B (+68%)
Samsung HBM4 Mass ProdFeb 2026 (NVDA+AMD qual)
🟢 Layers 6–8 — Networking, Optics & Interconnect
Arista Networks
ANET · NYSE
Q4 $2.49B (+29%). Surpassed Cisco in DC switching. 2026 guide $11.25B total, AI Center $3.25B target. 7800R4 shipping (576x 800G/chassis). HyperPort 3.2Tbps links. TAM expanded to $105B.
FY25 Revenue$9.0B (+29%)
2026 Guide$11.25B
AI Center Target$3.25B
Market Position#1 AI Ethernet
Lumentum + Coherent
LITE / COHR · NASDAQ
NVIDIA invested $2B each (closed Mar 2). LITE: Q2 $665.5M, Q3 guide $805M, targeting $2B/qtr in 18-24 months. COHR: Q2 $1.686B (+17.5%), DC book-to-bill >4x. 1.6T module demand → 30M+ units in 2026.
LITE Q3 Guide$805M
COHR Q2 Rev$1.686B (+17.5%)
COHR Book/Bill>4.0x
LITE 24-mo Target$2B/quarter
Amphenol + Credo
APH / CRDO · NYSE/NASDAQ
APH: Q4 $6.4B (+49%), IT datacom triple-digit organic growth. Q1 guide $6.9-7.0B. CommScope CCS closed ($10.5B). CRDO: $407M (+201%), DustPhotonics $750M acq adds silicon photonics for copper+optical unified play.
APH Q4 Rev$6.4B (+49%)
APH Q1 Guide$6.9-7.0B
CRDO Q3 Rev$407M (+201%)
CRDO AEC Share~70%
🟡 Layer 9 — Server OEM / Integration
SMCI under investigation creates $47B share shift opportunity for DELL and HPE
Dell Technologies
DELL · NYSE
Q4 FY26 $33.4B (+39%). AI servers $9.0B (+342%). Record $43B backlog. FY27 guide: $138-142B total, ~$50B AI servers. Primary beneficiary of $47B SMCI displaced demand per Melius Research.
FY26 Revenue$113.5B (+19%)
AI Server Q4$9.0B (+342%)
AI Backlog$43.0B
FY27 AI Target~$50B
Super Micro
SMCI · NASDAQ
Q2 FY26 $12.68B (+123%) but co-founder indicted Mar 2026 for illegal $510M+ China exports. Independent board investigation launched. GM compressed to ~9.3%. Stock ~$27, down from highs.
Q2 FY26 Rev$12.68B (+123%)
FY26 Guide≥$40B
Gross Margin~9.3%
StatusIndictment
HPE
HPE · NYSE
Q1 FY26 $9.3B (+18%). Networking $2.7B (+152%) led by Juniper integration. AI backlog >$5B. Server rev down 2.7% (timing). FY26 guide: non-GAAP EPS $2.30-2.50. Sovereign/enterprise AI focus.
Q1 FY26 Rev$9.3B (+18%)
Networking Rev$2.7B (+152%)
AI Backlog>$5B
FY26 EPS Guide$2.30-$2.50
🟠 Layer 10 — Power Delivery + Cooling
Record backlogs across VRT and ETN; liquid cooling becoming mandatory for AI racks
Vertiv Holdings
VRT · NYSE
Q4 2025 $2.88B (+23%). Organic orders +252% YoY. Record $15B backlog (+109%). FY2026 guide $13.25-13.75B. Book-to-bill ~2.9x. NVIDIA collaboration on AI factory infra. Targeting 25% adj. op margin by 2029.
Q4 Revenue$2.88B (+23%)
Backlog$15.0B (record)
FY26 Rev Guide$13.25-13.75B
Adj. EPS Guide$5.97-6.07
Eaton Corporation
ETN · NYSE
Q4 $7.1B (+13%), record adj. EPS $3.33. Boyd Thermal closed Mar 12 ($9.5B) — completes chip-to-grid strategy with liquid cooling. AI DC content $3.4M/MW (+$500K vs trad). Mobility spin-off Q1 2027.
FY25 Revenue$27.4B (+10%)
Backlog$19.6B (+31%)
FY26 EPS Guide$13.00-13.50
Boyd Thermal$1.5B liquid cool
⚡ Layers 11–12 — Power Generation & Energy / Nuclear
GE Vernova
GEV · NYSE
83 GW gas backlog, targeting 100 GW EOY 2026. $150B total backlog. Q4 orders $22.2B (+65%). FY26 guide $44-45B (raised). Delivery slots extending into late 2020s. 1/3 of new gas orders = data centers.
Gas Backlog83 GW → 100 GW
Total Backlog$150B
FY26 Rev Guide$44-45B
FCF FY25$3.7B (2x YoY)
Constellation Energy
CEG · NASDAQ
Calpine closed Jan 2026 → ~55 GW combined, largest private power producer globally. Crane restart target 2027 (FERC/PJM grid risk to 2031). Clinton uprated for Meta PPA. 2026 EPS consensus $11.75.
Combined Capacity~55 GW
Crane Restart2027 (risk: 2031)
2026 EPS Est.$11.75
Key DealMSFT 20-yr PPA
Vistra Corp
VST · NYSE
Meta 20-yr PPA: 2.1 GW from Perry/Davis-Besse + 433 MW uprates. AWS ~1.2 GW from Comanche Peak. Cogentrix acq ($4.7B) adds 10 gas plants. ~6.4 GW nuclear fleet. 6x projected EPS growth 2025-2028.
FY25 Adj. EBITDA$5.91B
Meta PPA2.6 GW (20-yr)
AWS Deal~1.2 GW
Nuclear Fleet~6.4 GW
Oklo · BWXT
OKLO / BWXT · NYSE
OKLO: Meta 1.2 GW campus deal (Pike County, OH). Aurora 75 MW SMR. Criticality target Jul 4 2026 (DOE pathway). First isotope revenue 2026. BWXT: NRC enrichment license filed Apr 7. $7.3B backlog (+50%). $3.75B FY26 guide.
OKLO Meta Deal1.2 GW campus
OKLO CriticalityJul 2026 target
BWXT Backlog$7.3B (+50%)
BWXT FY26 Guide$3.75B rev
🏢 Layer 13 — Data Center REITs
Equinix
EQIX · NASDAQ
FY2026 first-ever $10B+ revenue ($10.1-10.2B guide). Q4 bookings +42%. AI 60% of largest deals. 52 expansion projects. atNorth acq (~$4B) for Nordic AI. xScale JV $15B US deployment.
FY26 Rev Guide$10.1-10.2B
AFFO/Share$41.93-42.74
Interconnections>500,000
AI % of Deals~60%
Digital Realty
DLR · NYSE
Q4 $1.63B (+14%). Record $1.4B signed backlog. Core FFO beat $1.86 vs $1.58 est. Hyperscale Fund: $3.25B LP equity. 5 GW buildable pipeline. AI inference 20% of colocation bookings (up from mid-singles).
FY26 Rev Guide$6.6-6.7B
Core FFO Guide$7.90-8.00/sh
Backlog$1.4B (record)
Buildable5 GW
Iron Mountain
IRM · NYSE
Q4 $1.843B (+16.6%). DC revenue >$800M FY25, targeting >$1B in FY26. 488 MW, 98% leased. 400 MW energizing next 24 months. FY26 guide: $7.63-7.78B rev, AFFO $5.69-5.79/sh.
FY25 DC Rev>$800M
FY26 DC Target>$1B
Capacity488 MW (98% leased)
FY26 Rev Guide$7.63-7.78B
🔴 Pivot Plays — Bitcoin → AI Infrastructure
Nebius Group
NBIS · NASDAQ
NVIDIA $2B investment (Mar 11). $20B contract backlog. Deploying >5 GW NVIDIA systems by 2030. 300 MW NJ datacenter announced. Revenue $227.7M Q4. Purpose-built AI cloud (ex-Yandex). $161 stock.
NVDA Investment$2B
Contract Backlog$20B
2030 Target>5 GW deployed
Cash$3.68B
IREN
IREN · NASDAQ
150K GPUs (50K+ B300s added Apr 7). $2.3B ARR under contract, targeting $3.7B+ by EOY 2026. >4.5 GW secured grid power. Sweetwater 1.4 GW + Oklahoma 1.6 GW in pipeline. Only using ~10% of secured capacity.
GPU Fleet150,000
ARR Target$3.7B+ (EOY 26)
Secured Power>4.5 GW
Funding Secured$9.3B
Cipher Digital
CIFR · NASDAQ
$9.3B HPC contracts: AWS 300 MW ($5.5B, 15-yr) + Fluidstack 300 MW ($3.8B, Google backstop). Near-complete Bitcoin exit. Oct 2026 lease commencements. 2,370 MW additional pipeline through 2030.
HPC Contracts$9.3B
Contracted MW600 MW
Avg NOI/Year~$669M
Pipeline2,370 MW addtl
🟠 CoreWeave — Leading Neocloud
CoreWeave
CRWV · NASDAQ
Q4 $1.572B (+110%). $66.8B revenue backlog (~4x YoY). Meta ~$35.2B committed, MSFT $10B, NVDA $6.3B, Anthropic new deal. FY26 target ~$12B. Active 850 MW → targeting >1.7 GW EOY 2026. $118 stock.
FY25 Revenue$5.13B
Revenue Backlog$66.8B
FY26 Target~$12B (+134%)
Active Power850 MW → 1.7 GW
CoreWeave Key Contract Breakdown
Meta (through 2032)~$35.2B
Microsoft$10.0B
NVIDIA (take-or-pay)$6.3B
Anthropic (Apr 2026)New deal
DDTL 4.0 Financing$8.5B (A3/A(low))
FY26 CapEx Plan$30-35B
GPU Count~250K NVIDIA GPUs
Data Centers43
🔵 Hyperscaler CapEx Breakdown
2026E Capital Expenditure by Hyperscaler ($B)
Amazon (AWS)~$200B
Alphabet (Google)~$175-185B
Microsoft~$80-105B
Meta~$60-65B
Oracle~$15-20B
Big-5 Total~$600-610B (+60-70% YoY)
AI Infrastructure %~75% (~$450B)
📋 Master Watchlist
| Layer | Ticker | Company | Thesis | Key Metric | Status |
|---|---|---|---|---|---|
| 1 | NVDA | NVIDIA | FY26 $215.9B. Q1 FY27 guide $78B. Vera Rubin H2 but 500K unit cut. FY27 cons. $370B+ | $197 | Core |
| 1 | AMD | AMD | DC $5.4B Q4. MI450 40 PFLOPS. 6GW Meta partnership. $15B DC GPU target 2026 | $254 | #2 GPU |
| 1 | ARM | Arm Holdings | AGI CPU launched. Q3 $1.24B (+26%). $25B ARR target FY2031 | $158 | Emerging |
| 2 | AVGO | Broadcom | AI $8.4B (+106%). 6 XPU customers. Q2 guide $22B. >$100B AI 2027 | $391 | Strong Buy |
| 2 | MRVL | Marvell | FY26 $8.2B (+42%). FY27 ~$11B. Celestial AI acq. DC 74% | $133 | Accel. |
| 2 | CRDO | Credo Tech | $407M (+201%). ~70% AEC share. DustPhotonics $750M. Optical + copper | $163 | Strong Buy |
| 3 | TSM | TSMC | Q1 $35.71B (+35%). CoWoS 75-80K→120-130K target. N2 in HVM | $375 | Core |
| 4 | ASML | ASML | Q1 €8.8B. 2026 guide raised €36-40B. €38.8B backlog. MATCH Act risk | $1,428 | Monopoly |
| 5 | MU | Micron | FQ2 $23.86B (3x YoY). FQ3 guide $33.5B + 81% GM. HBM4 sold out | $444 | Sold Out |
| 6 | ANET | Arista | FY25 $9B. 2026 guide $11.25B. AI Center $3.25B. 800G shipping | $152 | Dominant |
| 7 | LITE | Lumentum | NVDA $2B. Q2 $665.5M. Q3 guide $805M. $2B/qtr target 18-24 months | $813 | NVDA-Backed |
| 7 | COHR | Coherent | NVDA $2B. Q2 $1.686B. DC book-to-bill >4x. S&P 500 added | $308 | NVDA-Backed |
| 9 | DELL | Dell | AI servers $9B Q4 (+342%). $43B backlog. FY27 ~$50B AI target | $179 | Beneficiary |
| 10 | VRT | Vertiv | $15B backlog (+109%). Orders +252%. FY26 $13.7B guide | $299 | Record |
| 11 | GEV | GE Vernova | 83 GW gas backlog. $150B total. $44-45B FY26. Sold out | $979 | Sold Out |
| 14 | CRWV | CoreWeave | $66.8B backlog. Meta $35.2B. FY26 ~$12B target. 43 DCs | $118 | High Growth |
🗓 Catalysts Timeline 2026–2028
2026 Catalysts
APR 2026
TSMC Q1 earnings (Apr 16). ASML Q1 reported €8.8B. VRT Q1 earnings (Apr 22). BWXT NRC enrichment license filed (Apr 7). UALink 2.0 specs published (Apr 7).
MAY 2026
ANET Q1 earnings (May 5). LITE Q3 earnings (May 5). CEG Q1 earnings. BWXT Q1 (May 4). COHR Q3 (May 6). VST Q1 (May 7).
JUN–JUL 2026
OKLO Aurora criticality target (Jul 4). NVDA Vera Rubin production starts (H2). Samsung HBM4 mass production ramp (NVDA+AMD qualified). TSM CoWoS capacity ramp toward 120K wpm.
H2 2026
INTC 18A 65-75% yields, Crescent Island sampling. ALAB UALink solutions ship. LITE 1.6T DR4 OSFP full-scale shipments (summer). COHR CPO revenue for scale-out begins. CIFR Black Pearl + Barber Lake lease commencements (Oct). IREN Sweetwater 1 substation energization. NBIS 300 MW NJ Phase 1 live.
2027–2028 Catalysts
H1 2027
NVDA FY27 consensus $370B+. AVGO >$100B AI revenue target. CEG Crane nuclear restart (risk: 2031 PJM). LITE $1.25B/qtr milestone. COHR CPO scale-up revenue. ETN Mobility spin-off Q1. BWXT enrichment license application Q1. VST Meta PPA begins (late 2026 / early 2027).
H2 2027
SK Hynix HBM4E production. AMD MI400 on 2nm. UALink hardware deployments begin. IREN Sweetwater 2 (600 MW) energization. BWXT Project Pele delivery. CIFR Reveille 70 MW.
2028
CEG TMI Crane online (if FERC resolved). LITE $2B/quarter target. TSMC CoPoS panel-level packaging pilot. CIFR McLennan 500 MW + Colchis 1 GW. IREN Oklahoma 1.6 GW ramp. EQIX xScale $15B US deployment. Meta 20-yr PPAs fully operational.
2030+
OKLO 1.2 GW Meta campus first phase online. NBIS >5 GW deployed. CRWV 5+ GW AI factories. ARM $25B ARR target (FY2031). KLA $26B revenue / $84 EPS target.
🎯 Conviction List — Top Picks by Signal Strength
Ranked by fundamentals, analyst consensus, options flow, volume, and technicals · Updated Apr 16, 2026
TIER 1 — HIGHEST CONVICTION
Strong Buy + Major Catalyst + Confirmed Options Flow
MU
Micron Technology
98/100
$448.28−22.09 (−4.74%)
Strong Buy Avg PT $521 · Median $533 · +16.1% upside · 87.5% Bullish
HBM4 Sold Out
Zacks #1
81% GM Guide
P/E 21x Cheapest
Sole US HBM4
HBM4 100% sold out under binding contracts. FQ3 guide $33.5B + 81% GM. Sole US HBM4 supplier. Net income ratio 41.5%, Zacks #1 Strong Buy.
F
Fund
O
Opts
T
Tech
V
Vol
AVGO
Broadcom Inc.
96/100
$392.32+10.21 (+2.68%)
Strong Buy Avg PT $490 · Median $493 · +24.8% upside · 87.5% Bullish
$565K Call Spread
PEG 0.5x
6 XPU Customers
Zacks #1
$100B AI Target
$565K call spread (380–400 Apr 24). PEG 0.5x vs 1.2x median. 6 XPU customers. $100B AI chip target 2027. Zacks #1.
F
Fund
O
Opts
T
Tech
V
Vol
NVDA
NVIDIA Corporation
95/100
$196.48+0.70 (+0.36%)
Strong Buy Avg PT $276 · Median $275 · +40.5% upside · 100% Bullish
100% Bullish
AI Options Bellwether
FY27 $370B+
Platform Monopoly
Benchmark AI options vehicle. 100% analyst Strong Buy. FY27 consensus $370B+. $276 avg PT = +41% upside.
F
Fund
O
Opts
T
Tech
V
Vol
TIER 2 — HIGH CONVICTION
Strong Fundamentals + Momentum — Proven Names with Clear Catalysts
ANET
Arista Networks
90/100
$153.10−2.56 (−1.66%)
Strong Buy Avg PT $184 · +20.4% upside · 100% Bullish
100% Bullish
AI Center $3.25B
800G Shipping
100% bullish consensus. AI Center target raised $3.25B. 800G shipping.
F
Fund
O
Opts
T
Tech
V
Vol
APH
Amphenol Corporation
88/100
$147.09−2.93 (−1.97%)
Strong Buy Avg PT $173 · +17.3% upside · 100% Bullish
100% Bullish
Triple-Digit DC Growth
CommScope CCS
100% bullish. Triple-digit DC organic growth. CommScope CCS closed.
F
Fund
O
Opts
T
Tech
V
Vol
MRVL
Marvell Technology
87/100
$132.13−1.15 (−0.86%)
Strong Buy Avg PT $137 · +3.7% upside · 77.8% Bullish
Barclays Upgrade
Celestial AI
FY26 $8.2B (+42%)
Photonic Fabric
Barclays upgrade to Overweight. Celestial AI acquisition. FY26 $8.2B (+42%). Photonic Fabric.
F
Fund
O
Opts
T
Tech
V
Vol
TSM
Taiwan Semiconductor
86/100
$374.37−5.08 (−1.34%)
Strong Buy Avg PT $392 · +4.7% upside · 80% Bullish
CoWoS Monopoly
N2 in HVM
Q1 $35.71B (+35%)
CoWoS monopoly. N2 in HVM. Q1 $35.71B (+35%). Foundational to entire AI stack.
F
Fund
O
Opts
T
Tech
V
Vol
GEV
GE Vernova
85/100
$983.62−8.85 (−0.90%)
Strong Buy Avg PT $983 · −0.1% upside · 87.5% Bullish
83 GW Backlog
100 GW Target
$150B Backlog
Near ATH
83 GW gas turbine backlog → 100 GW target. $150B total backlog. Power bottleneck play.
F
Fund
O
Opts
T
Tech
V
Vol
TIER 3 — SPECULATIVE HIGH-GROWTH
Elevated Risk/Reward — Smaller Names with Explosive Upside Potential
CRDO
Credo Technology
82/100
$165.36+3.36 (+2.11%)
Strong Buy Avg PT $183 · PT $200 · +10.7% upside · 80% Bullish
200%+ Growth
~70% AEC Share
DustPhotonics
PT $200
200%+ revenue growth. ~70% AEC share. DustPhotonics (silicon photonics). PT $200.
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LITE
Lumentum Holdings
80/100
$814.87−39.93 (−4.68%)
Buy Avg PT $784 · −3.8% to PT · 71.4% Bullish
$5M Call Sweeps!
NVDA $2B Investment
$2B/Quarter Target
$5M+ call sweeps targeting $820 Apr 17. NVDA $2B investment. $2B/quarter target.
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VRT
Vertiv Holdings
78/100
$298.39−11.85 (−3.82%)
Strong Buy Avg PT $295 · −1.0% (at PT) · 80% Bullish
$15B Backlog
+252% Orders
At Consensus PT
$15B record backlog. +252% organic order growth. But trading at consensus PT.
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CRWV
CoreWeave
75/100
$118.45+1.17 (+1.00%)
Buy Avg PT $128 · +8.3% upside · 71.4% Bullish
$66.8B Backlog
Meta $35.2B
No GAAP Earnings
Post-IPO
$66.8B contract backlog. Meta $35.2B deal. But no GAAP earnings yet — speculative.
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⚠️ AVOID
Structural risks outweigh near-term upside — steer clear or reduce exposure
SMCI
Super Micro Computer
⛔
Co-founder indicted March 2026. Revenue declining. Share shifting to Dell/HPE.
INTC
Intel Corporation
⛔
77.8% Hold consensus. Trading 12% above avg PT $57. Foundry pivot uncertain.
📅 Earnings Calendar
Upcoming earnings dates for all tracked tickers — sorted by date
📊 Relative Valuation Table
Side-by-side financial ratios across all 36 tickers — click column headers to sort
| Ticker ▲▼ | Layer ▲▼ | P/E ▲▼ | EV/EBITDA ▲▼ | P/S ▲▼ | Gross Margin % ▲▼ | Op Margin % ▲▼ | Net Margin % ▲▼ | ROE % ▲▼ | D/E ▲▼ | FCF Margin % ▲▼ |
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⚠️ Risk Tracker
Key geopolitical and regulatory risks affecting the AI supply chain
US-China Export Controls
CRITICALChip restrictions, Entity List expansion, advanced node limits. Restricts sale of AI accelerators and semiconductor equipment to Chinese entities.
Affected Tickers
NVDAAMDINTCASMLAMATLRCXKLACTSM
Taiwan Strait Geopolitical Tension
CRITICALTSMC concentration risk — 60%+ global leading-edge capacity in Taiwan. Any escalation would disrupt the entire semiconductor supply chain.
Affected Tickers
TSMASMLAMAT
AI Regulation (EU AI Act / US Executive Orders)
HIGHCompliance costs, compute reporting requirements. EU AI Act classifying high-risk AI systems affects all hyperscaler-dependent infrastructure.
Affected Tickers
NVDAAMDCRWVNBISIRENCIFREQIXDLR
Power Grid Capacity Constraints
HIGHData center power demand outpacing grid buildout. 74-132 GW needed by 2028E vs current infrastructure capacity.
Affected Tickers
DLREQIXIRMCEGVSTVRTETN
HBM/Memory Supply Bottleneck
HIGHHBM3E allocation constraints through 2027. Supply sold out under binding contracts. Vera Rubin 500K unit cut due to HBM4 issues.
Affected Tickers
MUNVDAAMD
Tariff Escalation (US/Global)
MEDIUMServer assembly cost inflation, BOM disruption. Tariffs on imported components increase costs for server OEMs and connectivity providers.
Affected Tickers
DELLSMCIHPEAPH
Nuclear Permitting Delays
MEDIUMNRC approval timelines, SMR commercialization delays. Regulatory bottleneck for next-gen nuclear powering AI data centers.
Affected Tickers
OKLOCEGBWXT
Antitrust (NVDA/AVGO Dominance)
MEDIUMMarket concentration scrutiny, bundling concerns. NVIDIA's 90%+ GPU share and Broadcom's ASIC dominance attract regulatory attention.
Affected Tickers
NVDAAVGO
💼 Portfolio Simulator
Model allocation across AI infrastructure layers — equal-weight tickers within each layer
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Results
| Ticker | Layer | Weight % | $ Amount |
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