Ally Crisera @AllyCrisera: "The artificial intelligence boom isn’t..."

United Kingdom

The artificial intelligence boom isn’t just about smarter models with Chatgpt, Claude and so on, it’s about the physical and digital infrastructure powering them. As demand for AI accelerates, several key sectors are emerging as critical enablers. Powering AI: Energy & Infrastructure AI data centers are extraordinarily energy-intensive. Training large models and running inference at scale requires vast, stable, and increasingly clean power sources. This is pushing energy infrastructure into the spotlight. Companies like $OKLO (Oklo Inc) (Oklo Inc) and $CCJ (Cameco Corp) (Cameco Corp) are tied to nuclear energy, which is gaining renewed interest as a reliable, carbon-free baseload solution. Meanwhile, utilities such as Vistra Corp and NextEra Energy Inc are scaling power generation capacity, including renewables. Solar technology providers like First Solar Inc also play a role, especially as hyperscalers seek sustainable energy sources. Industrial players like Siemens Energy AG contribute to grid modernization—an often overlooked bottleneck. AI Infrastructure: Compute & Platforms At the core of AI lies chips, servers, and cloud platforms that train and deploy models. Chip leaders such as $NVDA (NVIDIA Corporation) (NVIDIA and $AMD (Advanced Micro Devices Inc) (Advanced Micro Devices Inc) dominate GPU acceleration, while $AVGO (Broadcom Inc) (Broadcom Inc) supports networking and custom silicon. Manufacturing those chips is equally crucial. $TSM (Taiwan Semiconductor Manufacturing Co Ltd - ADR) (Taiwan Semiconductor Manufacturing Co Ltd - ADR) sits at the heart of global chip production, benefiting from nearly every AI hardware trend. On the platform side, hyperscalers like Amazon.com Inc, Alphabet Inc, and Meta Platforms Inc are investing heavily in AI infrastructure, both for internal use and as services. New players like $NBIS (Nebius Group NV) (Nebius Group highlight how new entrants are trying to carve out space in AI-native cloud and compute offerings. Memory: The Hidden Bottleneck While GPUs get the spotlight, memory is just as critical. AI workloads require enormous bandwidth and capacity, and supply constraints have created pricing power in this segment. Companies such as $MU (Micron Technology, Inc.) (Micron Technology, Inc.) and $WDC (Western Digital Corporation) (Western Digital Corporation) are key DRAM and storage providers. $SNDK (Sandisk Corp/DE) (Sandisk Corp/DE) remains a recognized name in flash memory. Equipment and materials suppliers like $LRCX (Lam Research Corp) (Lam Research Corp) and Soitec SA benefit indirectly, as more advanced memory requires more sophisticated manufacturing processes. Networking and data movement also overlap here, with $MRVL (Marvell Technology Group Ltd) (Marvell Technology Group Ltd) playing a role in high-speed data infrastructure. Photonics & Lasers: The Next Data Highway As data transfer speeds increase, traditional electrical copper connectors face physical limits. Optical technologies using light instead of electricity—are stepping in. Companies like Lumentum Holdings Inc and Applied Optoelectronics Inc specialize in optical components critical for high-speed data transmission. European player LPKF Laser & Electronics SE focuses on laser-based manufacturing solutions, while Credo Technology Group Holding Ltd develops connectivity solutions for data infrastructure. Large-scale semiconductor and system players like Samsung Electronics Co Ltd and Socionext Inc also contribute to this evolving layer. The Bigger Picture AI is not a single trade—it’s an ecosystem. From energy generation to chips, memory, and optical communication, each layer introduces new constraints and opportunities. For eToro investors, the takeaway is diversification across the stack. The winners may not just be the companies building AI models, but those enabling the infrastructure behind them. As AI scales, so does its dependency on real-world systems—power grids, semiconductor fabs, and data highways. That’s where some of the most durable investment narratives may be forming. $LITE (Lumentum Holdings Inc) $OKLO (Oklo Inc) $CCJ (Cameco Corp) $VST (Vistra Corp) (NextEra Energy Inc) $FSLR (First Solar, Inc.) (First Solar, Inc.) $GOLD $NVDA (NVIDIA Corporation) $AVGO (Broadcom Inc) $TSM (Taiwan Semiconductor Manufacturing Co Ltd - ADR) $AMD (Advanced Micro Devices Inc) $AMZN (Amazon.com Inc) (Amazon.com Inc) $GOOGL (Alphabet Inc Class A) (Alphabet Inc Class A) $META (Meta Platforms Inc) (Meta Platforms Inc) $NBIS (Nebius Group NV) $SNDK (Sandisk Corp/DE) $MU (Micron Technology, Inc.) $WDC (Western Digital Corporation) $MRVL (Marvell Technology Group Ltd) $LRCX (Lam Research Corp)

Not investment advice. The author may have financial interests in the mentioned instruments.

Strictly Necessary Cookies

Performance Cookies

Functional Cookies

Targeting Cookies