“Optical Component Coherent $COHR Lumentum $LITE Ciena $CIEN Applied Optoelectronics $AAOI Marvell Technology $MRVL”
AI data center optical interconnect buildout drives demand for Lumentum's high-speed photonic components
“Wafer Fab Equipment ASML $ASML Lam Research $LRCX Applied Materials $AMAT Tokyo Electron $8035.T KLA $KLAC”
Applied Materials is the broadest wafer fab equipment play on AI-driven semiconductor capacity expansion
“Connectivity Broadcom $AVGO Amphenol $APH Astera Labs $ALAB TE Connectivity $TEL Credo Technology $CRDO”
Astera Labs is the highest-leverage pure-play on AI data center connectivity as the fastest-growing segment of the supply chain
“OSAT ASE Technology $ASX Amkor Technology $AMKR KING YUAN ELECTRONICS $2449.TW Powertech Technology $6239.TW”
Advanced AI chip packaging demand lifts Amkor as a key OSAT beneficiary of the 3D integration wave
“Design Service/IP Arm Holdings $ARM Cadence Design Systems $CDNS Synopsys $SNPS”
Arm's CPU architecture is the foundational IP layer for AI chip design globally, collecting royalties on every design win
“Cooling Vertiv Holdings $VRT Schneider Electric Modine Manufacturing”
AI GPU cluster heat density makes Vertiv the defining US-listed beneficiary of data center cooling demand
“Server/Switch ODM/OEM Super Micro Computer $SMCI Arista Networks $ANET Cisco Systems $CSCO”
Arista Networks dominates AI data center switching, winning share as hyperscalers build out GPU cluster networking
“Foundries SMIC $0981.HK TSMC $TSM United Microelectronics $UMC GlobalFoundries $GFS”
TSMC is the irreplaceable manufacturing node for the entire global AI chip supply chain
“Memory SK Hynix $000660.KS Western Digital $WDC Seagate $STX Sandisk $SNDK”
AI data center storage demand drives HDD supercycle, with Western Digital as the pure-play hard disk drive beneficiary
“CPU/GPU/AI ASIC Nvidia $NVDA Broadcom $AVGO Advanced Micro Devices $AMD”
Nvidia sits at the apex of the global AI chip supply chain as the dominant GPU/AI ASIC supplier