out of 10

AI Ecosystem Exposure

Your portfolio mapped against the full AI value chain — 109 positions across all 6 layers totaling $3.38M+ in AI exposure. Dominant in cloud and chips, strong in labs via SpaceX/xAI + proxy positions. Real gaps: energy buildout (underweight for $196K) and disrupted incumbents ($39K).

AI-Exposed Capital

$4,880K

of $13.1M total · 109 AI positions

Strongest Layer

Cloud 10/10

$1.5M across MSFT GOOGL AMZN META ORCL

Layers Covered

6 of 6

All layers — varying depth

Biggest Gap

Disrupted Incumbents

$39K exposure · Score: 2/10

Momentum Pulse Where capital, attention, and velocity are right now — March 2026

🔥

Cloud & Hyperscalers

Layer 2 — Where the money is going

$635B+

2026 capex guidance

The supercycle is accelerating. MSFT, AMZN, GOOGL, META + Oracle have guided $635–690B in 2026 capex — a 67-74% YoY increase. They've collectively spent $1.5 trillion on AI infra since 2023. Now taking on debt to fund it — Google and Meta on a "$1 trillion borrowing binge." This layer is the engine that powers everything below it.

MSFT $537K ✓ GOOGL $406K ✓ AMZN $247K ✓ META $198K ✓

PEAK

🚀

Defense AI

Layer 5 — Fastest-growing private market segment

valuations in 9 months

Capital is flooding in. Anduril: $30B → $60B in 9 months, raising $4B (a16z + Thrive). Mach Industries: $470M → $1.5B. SpaceX/Starshield expanding rapidly. Pentagon Replicator program buying thousands of autonomous systems. The Atlantic warns U.S. is underprepared on drones. This sector is on a war footing.

SpaceX/Starshield $1.5M ✓ PLTR — gap Anduril — private

SURGE

⚡

Power & Energy Infrastructure

Layer 1 — "HALO Trade" — Heavy Assets, Low Obsolescence

NEW THEME

Goldman + BI top call

Wall Street's hottest rotation. "HALO" (Heavy Assets, Low Obsolescence) is the #1 investment theme of 2026 per Business Insider. The thesis: AI growth is capped by gigawatts, not algorithms. Energy, materials, and industrials are outperforming mega-cap tech YTD. Nuclear + renewable utilities leading. EU/UK markets hitting records on this trade. You have zero energy/power exposure.

VST — Vistra CEG — Constellation VRT — Vertiv ETN — Eaton

RISING

🔲

Chips & Silicon

Layer 1 — Pullback from highs, demand still strong

-14%

NVDA from ATH

Correction, not reversal. NVDA -14% from peak on tariff fears and rotation to HALO. But fundamentals are untouched: NVDA FY2026 revenue hit $215.9B, Broadcom Q1 up 29% to $19.3B. GTC 2026 next week (30K attendees). Analysts say NVDA is "poised for breakout — valuation too depressed." Billionaire investor bought 1M shares this week. The dip is noise; the demand cycle is intact.

NVDA $305K ✓ AVGO — gap AMD — gap

COILING

🧠

AI Enablers & Software

Layer 4 — "Agentic era" thesis building

wave after infra

The "picks and shovels" of the application layer. PLTR surging on geopolitical wave — top S&P performer this week alongside CRWD (strong earnings). Snowflake down 20% YTD on rotation — analysts say "buy hand over fist." The consensus thesis: once infra buildout matures, value accrues to the software that makes AI usable. This is the next rotation target. Your biggest gap.

PLTR — surging CRWD — earnings beat SNOW — on sale (-20%)

BUILDING

❄️

AI-Disrupted Incumbents

Layer 6 — Existential uncertainty, no momentum

WAIT

no catalyst yet

The "adapt or die" layer is stuck. Incumbents like Intuit, Salesforce, and Adobe are integrating AI features but haven't proven it moves the needle on growth. Market is waiting to see who gets supercharged vs. disrupted. No rush to add exposure here — the winners will become obvious over the next 12 months.

FLAT

Peak / Surge

Rising / Coiling

Building (Next Wave)

Flat / Wait

AI Value Chain Six layers from silicon to disruption

LAYER 01

Infrastructure — Chips, Data Centers, Power, Networking

8/10

NVDA $305K AVGO $163K CRDO $99K MU $32K AMD $23K SpaceX/Starlink $1.5M +23 more ($199K) TSM SMCI

LAYER 02

Cloud & Hyperscalers — Compute Infrastructure

9/10

MSFT / Azure $537K GOOGL / GCloud $406K AMZN / AWS $247K ORCL

LAYER 03

AI Labs & Frontier Models — Direct + Proxy Exposure

9/10

SpaceX → xAI/Grok $1.5M (DIRECT owner) MSFT → OpenAI ~49% economics AMZN → Anthropic $4B+ GOOGL → Anthropic $2B+ Mistral (private) Cohere (private)

LAYER 04

AI Enablers & Tooling — Data, MLOps, Security

5/10

PANW $26K PLTR $23K CSCO $22K CRWD $19K ANET $10K CIEN $3K SNOW MDB NET DDOG

LAYER 05

Vertical AI Applications — Industry-Specific

4/10

SpaceX → Starshield Defense/Gov AI GOOGL → Waymo Autonomous TSLA → FSD Autonomous SpaceX → X Platform Social/Data AI Healthcare AI Legal AI Fintech AI

LAYER 06

AI-Disrupted Incumbents — Supercharged or Destroyed

2/10

NFLX $15K DIS $13K ADSK $4K EA $3K EBAY $4K INTU CRM ADBE HRB

Owned (Direct)

Proxy / Indirect

Gap (Not Held)

Exposure Radar 8 AI themes scored 0–10

Theme Breakdown

AI Lab Ownership Map Your indirect frontier model exposure through public holdings

OpenAI

GPT-5 · Codex · DALL-E · Sora

MSFT ~49% economics · $13B+

$537K held

Your implied OpenAI exposure: ~$263K

Anthropic

Claude · Constitutional AI

AMZN $4B+ invested

$247K held

GOOGL $2B+ invested

$406K held

Combined Anthropic proxy: ~$98K

xAI ✦ DIRECT

Grok · Memphis Supercluster · Wholly owned by SpaceX (Feb 2026)

SPACEX 100% owner of xAI + X

$1.5M held

Direct xAI ownership through SpaceX equity — strongest lab exposure in portfolio

Gap Analysis Where to fill the value chain

Layer	Current Exposure	Key Gaps	Recommended Tickers	Priority
Infrastructure	80%	28 positions, $822K. Missing TSMC, SMCI	TSM · SMCI	Low
Cloud	90%	Oracle Cloud only gap	ORCL	Low
AI Labs	90%	SpaceX = direct xAI/Grok ownership. Strong proxy to OpenAI + Anthropic.	Covered — strongest layer ✓	Low
Enablers & Tooling	50%	$103K across PLTR, CRWD, PANW, CSCO, ANET. Missing pure data/ML plays	SNOW · MDB · NET · DDOG	Medium
Vertical Apps	70%	$716K across 33 positions — TSLA, defense (RTX LMT NOC LHX), healthcare (LLY REGN VRTX). Strong.	Covered broadly ✓	Low
Disrupted Incumbents	20%	$39K across NFLX, DIS, ADSK, EA, EBAY. Missing the big enterprise AI adopters	CRM · ADBE · INTU · NOW	Medium