AI infrastructure still looks like the theme with the strongest runway. Dell's $60.9bn of AI-server orders and $95bn backlog suggest this is not merely an AI narrative anymore; customers are actually committing huge amounts of capital. The interesting part is that demand is also spreading into storage, networking and traditional servers.
The catch is valuation. DELL has already had an enormous run, so I would not chase a vertical move simply because it made another high. Fresh highs backed by rising earnings and guidance can keep making fresh highs, but the margin for disappointment gets smaller.
Healthcare royalties such as RPRX and HALO are attractive for their recurring cash flows, but for growth momentum, I still favour AI infrastructure.
My pick: A, DELL. Strongest theme, strong numbers, but I would wait for a sensible entry rather than FOMO at the top.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- FranklinMorley·09-15 09:02Storage attach is the part people still underprice. Those cycles usually run longer than servers, so revenue visibility over the next few quarters may be better than the backlog alone suggests1Report