Never expected single stock picking to outperform by this margin, but when a clean rotation setup collides with a generational wealth event, you just take the trades.

1. Semis, the foundation, chips for training (clean trades, feeling pretty saturated here tbh)
2. Data centers and energy in parallel, infrastructure and power for the buildout (parabola, more potential, low cost, more flexible energy infrastructure?)
3. Software and enterprise deployment, now, AI agents entering real workflows (probably bottomed out)
4. Robotics and physical AI, the next frontier, still early
My thesis is simple, AI agents are moving from experimentation into real workflows sooner than most expect. Slowly at first, then all at once driven by competition. I'm already thinking one step ahead. More energy exposure, a solid software stack as the foundation for the agentic future, and starting to map out a core robotics watchlist, suppliers, system integrators, and component market leaders still flying under the radar. This rotation could be the defining investment theme for the rest of the decade.
Anything on your radar?