☰
TESSARA
⚲
Search…
⌘K
⚲
CRS
—
MRS
—
LIVE
DOCS
🔔
Sign in
The Read
State
Signals
Companies
⌄
Baskets
Regulatory
Earnings
›
The Stack
Memory
Compute
Power
Models
My Book
Our Calls
← Companies
· 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.
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