Jun. 2 at 9:42 PM
More names in the same “this looks like a meme basket until you understand the cycle” category:
$IREN – AI compute + energy-linked infrastructure, high beta to GPU demand cycles
$IBM – legacy turned AI + hybrid cloud platform, slow but steady re-rating story
$MRVL – AI networking + interconnects, direct beneficiary of datacenter buildout
$CSCO – enterprise networking, catching second-order AI infrastructure demand
$POET – optical interposer tech, early-stage but tied to high-speed photonics trend
What looks “overextended” on the surface is really a stacked AI infrastructure cycle underneath. The difference now is execution-cash flow + deployments are starting to validate the narratives in real time.