An equal-weighted basket of 18 AI-infrastructure companies (chips, networking, power and the largest AI spenders) is -8.3% over the past month against +0.3% for the S&P 500, and +58.6% over 12 months against +16.0%. It is 16% below its 12-month high. Leading this month: Microsoft, Palantir Technologies, Amphenol; lagging: Bloom Energy, Supermicro, Dell Technologies.
The basket weights each company equally from the start of the period. It is today's list of AI-infrastructure names, so it carries some hindsight: companies are in it partly because they became AI leaders. A gap of +43 points over 12 months shows how much of this market's story the AI build-out has been.
| Company | 1 week | 1 month | 3 months | 12 months |
|---|---|---|---|---|
| Microsoft (MSFT) | -1.1% | +6.3% | +31.8% | +3.9% |
| Palantir Technologies (PLTR) | -11.0% | +5.6% | +38.0% | +3.6% |
| Amphenol (APH) | -9.0% | +1.4% | +5.6% | +27.2% |
| Credo Technology (CRDO) | -21.6% | +0.9% | -20.0% | +29.1% |
| GE Vernova (GEV) | -8.3% | -0.4% | -14.6% | +49.9% |
| Amazon (AMZN) | -4.7% | -0.5% | +0.0% | +16.0% |
| Alphabet (GOOG) | -3.1% | -2.0% | -4.1% | +34.2% |
| Nvidia (NVDA) | -6.6% | -2.4% | +5.5% | +19.4% |
| Astera Labs (ALAB) | -16.5% | -2.6% | -7.5% | +77.0% |
| Advanced Micro Devices (AMD) | -13.0% | -3.0% | +5.0% | +121.6% |
| Taiwan Semiconductor (ADR) (TSM) | -9.0% | -4.1% | +2.8% | +36.8% |
| Broadcom (AVGO) | -9.1% | -5.2% | -12.9% | -5.7% |
| Micron Technology (MU) | -14.6% | -10.1% | +1.5% | +358.3% |
| Arista Networks (ANET) | -18.3% | -11.3% | +4.5% | +23.4% |
| Vertiv (VRT) | -15.0% | -14.5% | -29.2% | +14.5% |
| Bloom Energy (BE) | -21.1% | -21.2% | +12.3% | +89.8% |
| Supermicro (SMCI) | -24.4% | -21.6% | +32.7% | -41.4% |
| Dell Technologies (DELL) | -22.9% | -23.2% | +18.5% | +197.7% |
| Period | AI basket | S&P 500 | Gap |
|---|---|---|---|
| 1 week | -14.1% | -2.0% | -12.2 pts |
| 1 month | -8.3% | +0.3% | -8.6 pts |
| 3 months | +1.3% | +3.1% | -1.8 pts |
| 12 months | +58.6% | +16.0% | +42.6 pts |
| Company | Revenue growth, latest quarter | P/E (trailing) | Insiders, 90 days | Where it stands | Next earnings |
|---|---|---|---|---|---|
| Micron Technology (MU) | +345.7% | 24x | sold $90.4 million net | 28% below its 52-week high; above its 200-day average, below its 50-day | Dec 23 |
| Bloom Energy (BE) | +130.4% | n/m | sold $21.8 million net | 36% below its 52-week high; above its 200-day average, below its 50-day | Oct 22 |
| Credo Technology (CRDO) | +114.7% | 73x | sold $101.4 million net | 44% below its 52-week high; below its 50- and 200-day averages | Nov 30 |
| Nvidia (NVDA) | +105.9% | 26x | sold $765.6 million net | 10% below its 52-week high; above its 200-day average, below its 50-day | Nov 17 |
| Astera Labs (ALAB) | +104.5% | 179x | sold $127.3 million net | 41% below its 52-week high; above its 200-day average, below its 50-day | Nov 2 |
| Supermicro (SMCI) | +93.2% | 8x | sold $24.4 million net | 43% below its 52-week high; below its 50- and 200-day averages | Nov 2 |
| Palantir Technologies (PLTR) | +92.8% | 108x | sold $98.6 million net | 11% below its 52-week high; above its 50- and 200-day averages | Nov 2 |
| Broadcom (AVGO) | +85.5% | 47x | sold $250.0 million net | 31% below its 52-week high; below its 50- and 200-day averages | Dec 9 |
| Dell Technologies (DELL) | +57.7% | 25x | sold $953.8 million net | 23% below its 52-week high; above its 200-day average, below its 50-day | Nov 23 |
| Amphenol (APH) | +55.0% | 38x | sold $48.5 million net | 10% below its 52-week high; above its 200-day average, below its 50-day | Oct 28 |
| Advanced Micro Devices (AMD) | +50.1% | 133x | sold $104.0 million net | 19% below its 52-week high; above its 200-day average, below its 50-day | Nov 2 |
| Arista Networks (ANET) | +37.7% | 60x | sold $686.0 million net | 18% below its 52-week high; above its 200-day average, below its 50-day | Nov 2 |
| Alphabet (GOOG) | +24.2% | 17x | No trades reported | 15% below its 52-week high; below its 50- and 200-day averages | Oct 28 |
| Vertiv (VRT) | +24.1% | 50x | sold $3.9 million net | 45% below its 52-week high; below its 50- and 200-day averages | Oct 20 |
| GE Vernova (GEV) | +21.9% | 28x | No trades reported | 22% below its 52-week high; below its 50- and 200-day averages | Oct 28 |
| Amazon (AMZN) | +19.6% | 19x | sold $365.0 million net | 12% below its 52-week high; above its 200-day average, below its 50-day | Oct 28 |
| Microsoft (MSFT) | +17.7% | 22x | sold $71.4 million net | 3% below its 52-week high; above its 50- and 200-day averages | Oct 27 |
| Taiwan Semiconductor (ADR) (TSM) | Not available | 30x | bought $6K net | 15% below its 52-week high; above its 200-day average, below its 50-day | Date not announced |
Revenue growth compares the latest quarter with the same quarter a year earlier (each company's SEC filings), fastest first. P/E uses the last four quarters' earnings (n/m = not meaningful). Insider figure is open-market purchases minus sales reported on Form 4.
Subscribers see the model portfolio's AI exposure, direct and indirect, and the model's rank for every company here.
See plansPrices from Torvanta's end-of-day data. The basket is Torvanta's research basket, not an index or a fund. Research only, not investment advice or a recommendation to buy or sell any security. Rankings change as data changes and can be wrong. Torvanta and its founder may hold positions in securities discussed. Past performance does not guarantee future results.