AI hardware
Chips, memory, servers and networking gear that AI systems are trained and run on.
Training and running AI models takes enormous amounts of specialized computing. This theme covers the companies that design and make that hardware: accelerator chips and GPUs, the memory that feeds them, the servers they sit in and the networking that links thousands of them together.
Companies
43
Core
19
With a moat
77%
Average quality
52
3 wide moat · 30 narrow moat · 10 no moat · Open in screener →
Core The theme describes the company's main business. Partial A meaningful part of the business, but not the main one.
Companies
| Company | Exposure | Industry | Moat | Quality | Market cap |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Core | Semiconductors | Wide | 83 | $5.23T |
| AVGO Broadcom Inc. | Core | Semiconductors | Wide | 76 | $1.60T |
| AMD ADVANCED MICRO DEVICES INC | Core | Semiconductors | Narrow | 54 | $878.4B |
| ANET Arista Networks, Inc. | Core | Communications & Networking Equipment | Narrow | 81 | $230.7B |
| MRVL Marvell Technology, Inc. | Core | Semiconductors | Narrow | 55 | $208.3B |
| STX Seagate Technology Holdings plc | Core | Computer Hardware & Storage | Narrow | 64 | $149.8B |
| WDC WESTERN DIGITAL CORP | Core | Computer Hardware & Storage | Narrow | 63 | $127.0B |
| ALAB Astera Labs, Inc. | Core | Semiconductors | Narrow | 63 | $49.7B |
| COHR COHERENT CORP. | Core | Electronic Components & Instruments | Narrow | 45 | $45.5B |
| CRDO Credo Technology Group Holding Ltd | Core | Semiconductors | Narrow | 66 | $44.7B |
| CLS CELESTICA INC | Core | Electronic Components & Instruments | None | 43 | $36.2B |
| SMCI Super Micro Computer, Inc. | Core | Computer Hardware & Storage | None | 41 | $21.1B |
| FN Fabrinet | Core | Communications & Networking Equipment | Narrow | 53 | $18.9B |
| VICR VICOR CORP | Core | Electronic Components & Instruments | Narrow | 66 | $8.8B |
| AAOI APPLIED OPTOELECTRONICS, INC. | Core | Semiconductors | None | 20 | $6.6B |
| PENG Penguin Solutions, Inc. | Core | Semiconductors | None | 30 | $2.9B |
| POET POET TECHNOLOGIES INC. | Core | Semiconductors | None | 17 | $1.4B |
| OSS ONE STOP SYSTEMS, INC. | Core | Computer Hardware & Storage | None | 20 | $151M |
| BZAI Blaize Holdings, Inc. | Core | Semiconductors | None | 14 | $36M |
| TSM TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | Partial | Semiconductors | Wide | 90 | $2.18T |
| MU MICRON TECHNOLOGY INC | Partial | Semiconductors | Narrow | 72 | $1.02T |
| INTC INTEL CORP | Partial | Semiconductors | Narrow | 35 | $464.2B |
| DELL Dell Technologies Inc. | Partial | Computer Hardware & Storage | Narrow | 45 | $289.6B |
| SNDK Sandisk Corp | Partial | Computer Hardware & Storage | None | 59 | $201.3B |
| GLW CORNING INC /NY | Partial | Electronic Components & Instruments | Narrow | 54 | $114.3B |
| APH AMPHENOL CORP /DE/ | Partial | Electronic Components & Instruments | Narrow | 73 | $99.0B |
| ASX ASE Technology Holding Co., Ltd. | Partial | Semiconductors | Narrow | 47 | $90.7B |
| LITE Lumentum Holdings Inc. | Partial | Communications & Networking Equipment | Narrow | 40 | $74.9B |
| MPWR MONOLITHIC POWER SYSTEMS INC | Partial | Semiconductors | Narrow | 78 | $61.6B |
| TEL TE Connectivity plc | Partial | Electronic Components & Instruments | Narrow | 61 | $61.5B |
| CIEN CIENA CORP | Partial | Communications & Networking Equipment | Narrow | 49 | $48.8B |
| P Everpure, Inc. | Partial | Computer Hardware & Storage | Narrow | 55 | $42.3B |
| JBL JABIL INC | Partial | Electronic Components & Instruments | Narrow | 45 | $29.6B |
| TSEM TOWER SEMICONDUCTOR LTD | Partial | Semiconductors | Narrow | 45 | $28.4B |
| MTSI MACOM Technology Solutions Holdings, Inc. | Partial | Semiconductors | Narrow | 52 | $20.3B |
| SMTC SEMTECH CORP | Partial | Semiconductors | Narrow | 39 | $13.3B |
| ONTO ONTO INNOVATION INC. | Partial | Semiconductor Equipment & Materials | Narrow | 56 | $11.1B |
| RMBS RAMBUS INC | Partial | Semiconductors | Narrow | 70 | $10.0B |
| ESI Element Solutions Inc | Partial | Chemicals | Narrow | 52 | $8.7B |
| CAMT CAMTEK LTD | Partial | Semiconductor Equipment & Materials | Narrow | 66 | $6.9B |
| AXTI AXT INC | Partial | Semiconductor Equipment & Materials | None | 19 | $3.7B |
| VECO VEECO INSTRUMENTS INC | Partial | Semiconductor Equipment & Materials | Narrow | 42 | $2.7B |
| ZJK ZJK Industrial Co., Ltd. | Partial | Machinery | None | 41 | $160M |
43 companies.
Price versus fair value for every company is in the screener.