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· Baskets
Baskets
Sub-sector baskets across compute, memory, energy, and networking. Each tracks its binding bottleneck. Click any card for the full thesis: constraint stack, breadth, roster.
Benchmark
SPY · 1D
+0.0%
SPY · 7D
+1.7%
SPY · 30D
+9.8%
SPY · YTD
+5.9%
as of 2026-05-06
⚡ What flipped this week
Networking optical
TIGHT
→
SHORTAGE
Networking: Optics & Transceivers
+15.7% vs SPY
Networking: Switch Systems
+7.3% vs SPY
Gas turbines
TIGHT
→
SHORTAGE
Power Equipment
+4.3% vs SPY
WFE composite
TIGHT
→
SHORTAGE
Semi Equipment: WFE
+3.4% vs SPY
Hyperscaler PPA flow
BALANCED
→
TIGHT
⚠ DIVERGENT
Power Gen: Nuclear & Fuel
-1.4% vs SPY
All
27
Compute
14
Memory
3
Energy
6
Networking
4
Period
1d
7d
30d
YTD
Sort
Biggest swing
Outperforming
Underperforming
Recently flipped
?
What pills mean
Basket verdict
Editorial read on a basket move. Shown on /companies/baskets cards.
◆ NARROW
Basket up, but one ticker carries >40% of the move. Single-name exposure hidden.
✓ CONFIRMED
Substrate flipped tighter this week, basket up, breadth across multiple names.
▴ EARLY
Substrate flipped tighter this week. Price has not reacted yet.
⚠ PRICE AHEAD
Basket up, but the binding constraint is balanced/loose. No substrate support.
? NEEDS PROOF
Substrate has been tight/severe for 30+ days. Basket has not moved.
Regime
Constraint state. Shown on /constraints and /sectors hero rows.
SHORTAGE
Severe scarcity; pricing power and lead times peak.
TIGHT
Demand exceeds supply at the margin; lead times stretched.
BALANCED
Supply and demand near equilibrium; no obvious tension.
LOOSE
Inventory accumulating; pricing power eroding.
SURPLUS
Demand well below supply; pricing under pressure.
Compute
14 baskets
Median:
+8.3%
vs SPY · Range:
+18.6%
to
+0.5%
GPU Cloud / Neoclouds
6 names
Constraint ·
Blackwell GPU
+18.6%
vs SPY · 7D
raw +20.4%
Top mover
NBIS
+29.8%
Semi Equipment: WFE
11 names
Constraint ·
WFE composite
+3.4%
vs SPY · 7D
raw +5.1%
✓ CONFIRMED
Top mover
AIXTRON
+10.7%
Foundries
4 names
Constraint ·
Leading-edge wafers (N2)
+15.7%
vs SPY · 7D
raw +17.4%
◆ NARROW
Top mover
INTC
+28.0%
Advanced Packaging: Equipment
6 names
Constraint ·
Advanced packaging
+11.7%
vs SPY · 7D
raw +13.4%
◆ NARROW
Top mover
LPKF Laser & Electronics
+34.7%
Semiconductor Materials
14 names
Constraint ·
Advanced packaging
+11.7%
vs SPY · 7D
raw +13.4%
◆ NARROW
Top mover
Soitec
+48.0%
Datacenter REITs
4 names
Constraint ·
Grid interconnection
+11.5%
vs SPY · 7D
raw +13.2%
◆ NARROW
Top mover
AJBU.SI
+34.6%
Semi Equipment: Test & Inspection
11 names
Constraint ·
AP inspection
+9.4%
vs SPY · 7D
raw +11.1%
⚠ PRICE AHEAD
Top mover
AEM Holdings
+38.3%
GPU Accelerators
3 names
Constraint ·
Blackwell GPU
+7.1%
vs SPY · 7D
raw +8.8%
◆ NARROW
Top mover
QCOM
+24.4%
Advanced Packaging: OSAT
4 names
Constraint ·
Advanced packaging
+5.8%
vs SPY · 7D
raw +7.5%
◆ NARROW
Top mover
AMKR
+7.5%
EDA Software
2 names
Constraint ·
Leading-edge wafers (N2)
+4.6%
vs SPY · 7D
raw +6.3%
◆ NARROW
Top mover
CDNS
+8.7%
Server OEM: Branded
4 names
Constraint ·
AI server capacity
+3.2%
vs SPY · 7D
raw +4.9%
◆ NARROW
Top mover
HPE
+7.5%
Hyperscalers
7 names
Constraint ·
Blackwell GPU
+0.5%
vs SPY · 7D
raw +2.2%
Top mover
ORCL
+11.8%
Custom ASIC Design Services
3 names
Constraint ·
HBM3E
Tracking starts after first signal · awaiting events
3 names on watch
Server ODM / Contract Mfg
6 names
Constraint ·
AI server capacity
Tracking starts after first signal · awaiting events
6 names on watch
Memory
3 baskets
Median:
+25.3%
vs SPY · Range:
+38.0%
to
+12.6%
Memory: NAND & Flash
6 names
Constraint ·
NAND
+38.0%
vs SPY · 7D
raw +39.7%
◆ NARROW
Top mover
SIMO
+59.8%
Memory: DRAM & HBM
3 names
Constraint ·
HBM3E
+12.6%
vs SPY · 7D
raw +14.3%
◆ NARROW
Top mover
MU
+27.0%
Memory: Taiwan DRAM cycle
4 names
Constraint ·
DRAM DDR5
Tracking starts after first signal · awaiting events
4 names on watch
Energy
6 baskets
Median:
+4.2%
vs SPY · Range:
+10.0%
to
-2.0%
Power Semiconductors: GaN & SiC
5 names
Constraint ·
AI server capacity
+10.0%
vs SPY · 7D
raw +11.8%
Top mover
NVTS
+16.1%
Power Equipment
13 names
Constraint ·
Gas turbines
+4.3%
vs SPY · 7D
raw +6.0%
✓ CONFIRMED
Top mover
PWR
+22.3%
Power Gen: Nuclear & Fuel
9 names
Constraint ·
Hyperscaler PPA flow
-1.4%
vs SPY · 7D
raw +0.3%
▴ EARLY
Top mover
TLN
+6.6%
Thermal & Cooling
8 names
Constraint ·
AI server capacity
+6.7%
vs SPY · 7D
raw +8.4%
◆ NARROW
Top mover
NVT
+22.5%
Power Gen: Renewable & Storage
6 names
Constraint ·
Grid interconnection
+4.2%
vs SPY · 7D
raw +5.9%
◆ NARROW
Top mover
BE
+30.4%
Utilities: Grid
9 names
Constraint ·
Grid interconnection
-2.0%
vs SPY · 7D
raw -0.3%
Top mover
FE
-7.4%
Networking
4 baskets
Median:
+11.5%
vs SPY · Range:
+18.6%
to
-8.0%
Networking: Interconnect Silicon
7 names
Constraint ·
Blackwell GPU
+18.6%
vs SPY · 7D
raw +20.3%
◆ NARROW
Top mover
MXL
+57.0%
Networking: Optics & Transceivers
8 names
Constraint ·
Networking optical
+15.7%
vs SPY · 7D
raw +17.4%
✓ CONFIRMED
Top mover
AAOI
+31.6%
Networking: Switch Systems
4 names
Constraint ·
Networking optical
+7.3%
vs SPY · 7D
raw +9.0%
◆ NARROW
Top mover
CLS
+15.5%
Networking: Copper & Cables
4 names
Constraint ·
AI server capacity
-8.0%
vs SPY · 7D
raw -6.3%
Top mover
VLX.L
-15.3%