I am more comfortable with $NVIDIA(NVDA)$ , $Advanced Micro Devices(AMD)$ , $Micron Technology(MU)$ , $SanDisk Corp.(SNDK)$ and $Intel(INTC)$ as part of the picks-and-shovels side of AI. Valuations and volatility still matter, so I prefer gradual accumulation rather than chasing a sudden rally. I would rather collect on pullbacks and stay patient.
I would not write off $SCHW, $ABNB, $UBER or $LYFT, as AI could also make these businesses more efficient. For my portfolio, though, I would rather stay closer to the infrastructure layer and play the longer-term AI growth story.
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- jollyfo·09-23 20:53TOPI think infra demand hits faster than that. H200 orders already feel booked deep into next year, so the bottleneck still looks like chips and memory first1Report