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The real opportunity in the U.S. stock market.
Money from GPUs flows downward, passing through storage, optical communication, power infrastructure, cooling, and physical AI. Each layer's money flow causes the corresponding company's performance to turn around.
The chip layer has already been priced very fully. Nvidia's market value is 5 trillion, Broadcom is nearly 2 trillion, Marvell is two to three hundred billion. Finding a 10x in this layer is extremely difficult.
Storage is being priced in. DRAM contract prices have increased by 58%-63% month-over-month, NAND by 70%-75%, and Micron has already multiplied several times from the bottom. There is still room, but not a 10x space.
What has truly not been fully priced in yet is power.