The AI Stack, November Edition: Power, Cloud, Memory, Photonics, Robotics, Drones
The AI trade is still not one trade. It’s a stack. 🧱 November edition.
The Stack
- ⚡ POWER: $BE $VST $CEG $GEV
- ☁️ CLOUD: $IREN $NBIS $CRWV
- 💾 MEMORY: $MU $SNDK $SKHY
- 💡 PHOTONICS: $AAOI $LITE $CRDO
- 🤖 ROBOTICS: $OUST $AMBA
- 🚁 DRONES: $ONDS
What Changed Since August
Memory went from tight to sold out. Samsung says its full 2027 HBM supply is already sold, and shortages get WORSE next year. Lasers for data center optics are booked out for years.
Meanwhile the CLOUD layer got cut in half on fear while GPU rental prices kept climbing. The stocks are pricing a glut. The rental sheet is pricing a shortage.
Scarcity Migrates Up the Stack
GPUs in ’23. Memory in ’25. Photonics now. Power never left.
The bottleneck doesn’t disappear. It moves. And the pricing power moves with it.
The Question That Pays
Which layer is the market pricing backwards? 👀
Not financial advice. Do your own research.
Originally posted on X by Rosanna Prestia, MBA (@RosannaInvests): https://x.com/RosannaInvests/status/2117284850692661529
