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Rebalance

Portfolio Rebalance: Capturing the Next Phase of AI Infrastructure Buildout (Pt.2)
Portfolio

Portfolio Rebalance: Capturing the Next Phase of AI Infrastructure Buildout (Pt.2)

Part 2 of the rebalance deepens the focus on power electronics for 800V DC architectures, sharpens photonics conviction around hybrid bonding and space optics, and refines the neocloud and software allocations toward the highest-asymmetry names in the AI value chain.
31 min read 21 Jul 2026
Portfolio Rebalance: Capturing the Next Phase of AI Infrastructure Buildout (Pt.1)
Portfolio
12 min read 06 Jul 2026

Portfolio Rebalance: Capturing the Next Phase of AI Infrastructure Buildout (Pt.1)

In our latest quarterly review, we rotate toward under-appreciated capacity resolvers across foundry, back-end, photonics, and power as the AI buildout enters its next phase.

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Independent equity research mapping the AI value chain.
Where the silicon meets the spreadsheet.

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