May. 16 at 7:58 PM
Markets have been following a clear trajectory since the launch of ChatGPT and AI in late 2022, and that’s rotating themes.
The Artificial Intelligence technological renaissance is the high level theme, driving a major bull market that likely lasts many more years.
But within that, we have seen many sub themes come and go.
We had
$NVDA lead the initial wave with compute and GPUs… obvious in hindsight that we needed immense amounts of compute to train these LLMs.
Then came the power wave as we realized data centers needed immense electricity, names like
$CEG and
$VST soared, while spec names like
$OKLO and now
$BE followed suit.
Then came the massive memory crunch, Micron, Sandisk and more got bid to the moon and keep going higher.
Photonics has been a major theme in recent months with the likes of AAOI and Lumentum.
The next theme is bigger.
Bringing AI to the physical world.
10 stocks for the robotics/automation trade:
https://kryptonresearch.substack.com/p/the-iron-age
