| SCCO | Southern Copper | Materials | 5 | $177.70 | $889 | 6/10 | Lowest-cost copper producer. Structural copper deficit from AI, EVs, renewables. |
| FCX | Freeport-McMoRan | Materials | 16 | $59.07 | $945 | 5/10 | Pure copper play via Grasberg. Production growing to 4.2B lbs by 2028. |
| ANTO.L | Antofagasta | Materials | 28 | 3,541.38p | £992 | 7/10 | Pure-play copper with 30% organic production growth coming 2027-2028. |
| CEG | Constellation Energy | Power & Cooling | 13 | $290.12 | $3,772 | 8/10 | Largest US nuclear fleet (21 reactors). AI data centre power demand is structural. |
| VRT | Vertiv Holdings | Power & Cooling | 3 | $244.33 | $733 | 6/10 | Leading pure-play data centre power & cooling infrastructure. $15B backlog. |
| SU | Schneider Electric | Power & Cooling | 9 | €252.71 | €2,274 | 7/10 | Quality European compounder. #1-2 in energy management and data centre infra. |
| ASML | ASML Holding | Chips | 3 | $1,372.78 | $4,118 | 8/10 | Monopoly supplier of EUV lithography — essential for leading-edge chip production. |
| NVDA | NVIDIA | Chips | 44 | $180.38 | $7,937 | 8/10 | Dominant AI compute platform with 92% GPU market share and 15-year CUDA moat. |
| TSM | Taiwan Semiconductor | Chips | 22 | $346.33 | $7,619 | 9/10 | Most irreplaceable company in semiconductors — 90%+ of advanced chips globally. |
| AVGO | Broadcom | Chips | 10 | $322.19 | $3,222 | 7/10 | 60% custom AI ASIC market share. $73B backlog. VMware creates vertically integrated stack. |
| MRVL | Marvell Technology | Chips | 17 | $79.03 | $1,354 | 7/10 | Custom AI ASIC design wins with Amazon and Microsoft. Photonic interconnect play. |
| MU | Micron Technology | Chips | 5 | $374.81 | $1,874 | 8/10 | One of three global DRAM makers riding the HBM supercycle. Supply sold out through FY2026. |
| ANET | Arista Networks | Data Center Infrastructure | 32 | $135.40 | $4,333 | 8/10 | #1 data centre Ethernet switching vendor. Zero debt, 42.5% operating margins. |
| NBIS | Nebius Group | Data Center Infrastructure | 4 | $98.80 | $395 | 4/10 | European AI cloud operator. 351% revenue growth. High risk, asymmetric upside. |
| GOOGL | Alphabet | AI & Cloud | 7 | $302.16 | $2,121 | 7/10 | 90% search dominance + GCP growing 48% YoY + Gemini foundation models. |
| META | Meta Platforms | AI & Cloud | 5 | $637.33 | $3,187 | 8/10 | Cheapest Mag 7 on forward P/E. LLaMA foundation models + AI-driven ad monetisation. |
| AMZN | Amazon | AI & Cloud | 8 | $201.73 | $1,614 | 7/10 | AWS at 30% cloud market share, $124B run rate. Operating margins 2.4% → 11.2%. |
| PLTR | Palantir | Platforms & Software | 8 | $130.99 | $1,048 | 4/10 | Leading enterprise AI platform. 82% gross margins, 56% revenue growth. Extreme valuation. |
| CRWD | CrowdStrike | Platforms & Software | 9 | $392.50 | $3,533 | 6/10 | #1 endpoint security platform. $4B+ ARR, 75% gross margins, non-discretionary spend. |
| MSFT | Microsoft | Platforms & Software | 12 | ~$372.06 | ~$4,465 | 7/10 | Azure AI + GitHub Copilot. $99B 2026 capex. Fortress balance sheet (0.5x Net Debt/EBITDA). |