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AI Infrastructure Stocks

Public companies providing foundational AI compute, chips, semiconductors, data centers, and cloud infrastructure. These companies benefit when AI workloads require more computing power.

Signal Context for This Category

Infrastructure stocks tend to benefit from accelerating AI demand and value concentration at the downstack level. They may face pressure when capital flows diversify away from compute-heavy bets.

Current Environment

Demand: stable
Capital: concentrating
Adoption: early production
Value: downstack
Narrative: execution led

Key Value Drivers

GPU and AI chip demand from model training

Cloud infrastructure expansion

Data center buildout for AI workloads

Network equipment for AI clusters

Infrastructure Stocks

35 companies • 35 high alignment • 0 neutral • 0 misaligned

TickerCompanyAlignmentDemandNarrative RiskWhy Included
ADI

Analog Devices

Analog and mixed-signal semiconductors

HighLow

Strongly aligned with current AI market environment; positioned for downstack value concentration; low narrative risk.

AMAT

Applied Materials

Semiconductor manufacturing equipment

HighLow

Strongly aligned with current AI market environment; positioned for downstack value concentration; low narrative risk.

AMD

Advanced Micro Devices

CPU and GPU chips for AI workloads

HighLow

Strongly aligned with current AI market environment; positioned for downstack value concentration; low narrative risk.

AME

AMETEK Inc.

Electronic instruments and electromechanical

HighLow

Strongly aligned with current AI market environment; positioned for downstack value concentration; low narrative risk.

ANET

Arista Networks

Cloud networking for AI data centers

HighLow

Strongly aligned with current AI market environment; positioned for downstack value concentration; low narrative risk.

ARM

Arm Holdings

CPU architecture licensing for AI devices

HighLow

Strongly aligned with current AI market environment; positioned for downstack value concentration; low narrative risk.

ASML

ASML Holding

EUV lithography equipment for advanced chips

HighLow

Strongly aligned with current AI market environment; positioned for downstack value concentration; low narrative risk.

AVGO

Broadcom Inc.

Networking chips and custom AI accelerators

HighLow

Strongly aligned with current AI market environment; positioned for downstack value concentration; low narrative risk.

CIEN

Ciena Corporation

Network equipment and software

HighLow

Strongly aligned with current AI market environment; positioned for downstack value concentration; low narrative risk.

CSCO

Cisco Systems

Networking infrastructure

HighLow

Strongly aligned with current AI market environment; positioned for downstack value concentration; low narrative risk.

DELL

Dell Technologies

Enterprise AI servers and infrastructure

HighLow

Strongly aligned with current AI market environment; positioned for downstack value concentration; low narrative risk.

DLR

Digital Realty

Data center infrastructure

HighLow

Strongly aligned with current AI market environment; positioned for downstack value concentration; low narrative risk.

EQIX

Equinix

Data center REIT for AI workloads

HighLow

Strongly aligned with current AI market environment; positioned for downstack value concentration; low narrative risk.

GFS

GlobalFoundries

Semiconductor foundry services

HighLow

Strongly aligned with current AI market environment; positioned for downstack value concentration; low narrative risk.

HPE

Hewlett Packard Enterprise

Enterprise AI infrastructure

HighLow

Strongly aligned with current AI market environment; positioned for downstack value concentration; low narrative risk.

INTC

Intel Corporation

CPUs and AI accelerator chips

HighLow

Strongly aligned with current AI market environment; positioned for downstack value concentration; low narrative risk.

JNPR

Juniper Networks

AI-driven networking

HighLow

Strongly aligned with current AI market environment; positioned for downstack value concentration; low narrative risk.

KLAC

KLA Corporation

Semiconductor process control equipment

HighLow

Strongly aligned with current AI market environment; positioned for downstack value concentration; low narrative risk.

LRCX

Lam Research

Wafer fabrication equipment

HighLow

Strongly aligned with current AI market environment; positioned for downstack value concentration; low narrative risk.

MPWR

Monolithic Power Systems

Power management for AI systems

HighLow

Strongly aligned with current AI market environment; positioned for downstack value concentration; low narrative risk.

MRVL

Marvell Technology

Data infrastructure semiconductors

HighLow

Strongly aligned with current AI market environment; positioned for downstack value concentration; low narrative risk.

MU

Micron Technology

Memory and storage for AI systems

HighLow

Strongly aligned with current AI market environment; positioned for downstack value concentration; low narrative risk.

NTAP

NetApp

Cloud data services

HighLow

Strongly aligned with current AI market environment; positioned for downstack value concentration; low narrative risk.

NVDA

NVIDIA Corporation

Leading AI GPU and accelerator chip maker

HighLow

Strongly aligned with current AI market environment; positioned for downstack value concentration; low narrative risk.

NXPI

NXP Semiconductors

Automotive and edge AI chips

HighLow

Strongly aligned with current AI market environment; positioned for downstack value concentration; low narrative risk.

ON

ON Semiconductor

Power management and sensing chips

HighLow

Strongly aligned with current AI market environment; positioned for downstack value concentration; low narrative risk.

PSTG

Pure Storage

All-flash storage for AI

HighLow

Strongly aligned with current AI market environment; positioned for downstack value concentration; low narrative risk.

QCOM

Qualcomm Inc.

Mobile AI chips and edge computing

HighLow

Strongly aligned with current AI market environment; positioned for downstack value concentration; low narrative risk.

SMCI

Super Micro Computer

AI server and storage systems

HighLow

Strongly aligned with current AI market environment; positioned for downstack value concentration; low narrative risk.

STX

Seagate Technology

Mass storage solutions

HighLow

Strongly aligned with current AI market environment; positioned for downstack value concentration; low narrative risk.

SWKS

Skyworks Solutions

Analog semiconductors for connectivity

HighLow

Strongly aligned with current AI market environment; positioned for downstack value concentration; low narrative risk.

TSM

Taiwan Semiconductor

Leading chip foundry for AI processors

HighLow

Strongly aligned with current AI market environment; positioned for downstack value concentration; low narrative risk.

TXN

Texas Instruments

Analog chips and embedded processors

HighLow

Strongly aligned with current AI market environment; positioned for downstack value concentration; low narrative risk.

VRT

Vertiv Holdings

Data center power and cooling

HighLow

Strongly aligned with current AI market environment; positioned for downstack value concentration; low narrative risk.

WDC

Western Digital

Data storage for AI systems

HighLow

Strongly aligned with current AI market environment; positioned for downstack value concentration; low narrative risk.

How We Classify Companies

Companies are classified based on their primary AI value chain position. We consider:

  • Core business model and revenue drivers
  • Product portfolio and AI exposure
  • Position in the AI stack (infrastructure vs application)
  • Correlation with upstream AI market signals

Classification is updated as companies evolve their AI strategy. A company may be reclassified if their primary AI exposure shifts significantly.

For informational purposes only. Not investment advice. Signal Alignment describes market environment fit, not expected performance.