🦅 The Investment Primer
[!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.
| Ticker | Company | Core Thesis |
|---|---|---|
| NVDA | Nvidia | The AI Operating System (CUDA + GPU). |
| AMD | AMD | The Second Source for Training Chips. |
| TSM | TSMC | The World's Foundry (Monopoly). |
| ASML |