[!NOTE] System Status: Active Tracking of 455 Companies. Deep Dive Coverage: ~37 Core Positions. Strategic Focus: The AI Software Stack.
🏗️ The AI Software Stack
We organize our coverage universe into six structural layers, moving from the physical training hardware up to the application layer.
1. The Compute Layer (Semiconductors)
The physical brains powering AI. CAPEX spend here dictates future software margins.
Watchlist:
LRCX,AMAT,ADI,INTC,QCOM
2. The Foundation Layer (Cloud & Infrastructure)
The massive data centers and networks hosting the intelligence.
3. The Intelligence Layer (Data & Models)
The platforms that store, process, and refine data ("Systems of Record").
Watchlist: DDOG (Datadog),
DT(Dynatrace)
4. The Immune System (Cybersecurity)
AI lowers the barrier for attackers, necessitating AI-driven defense.
Watchlist:
FTNT,CYBR,S(SentinelOne)
5. The Workflow Layer (SaaS Applications)
Incumbents with massive proprietary workflows monetizing "Agentic AI".
Watchlist:
HUBS, GTLB
6. The Consumer & Transaction Layer
Where specialized value meets the end user.
📊 Summary Statistics
| Category | Deep Dives | Watchlist | Total |
|---|---|---|---|
| Chips | 7 | 5 | 12 |
| Cloud | 5 | 1 | 6 |
| Data | 5 | 2 | 7 |
| Security | 4 | 3 | 7 |
| SaaS | 6 | 2 | 8 |
| Consumer | 7 | 2 | 9 |