Stock Picking
A layered view of the AI economy, from raw energy inputs to real-world applications. Click each layer to explore stocks and ETFs.
Layer 1: Energy (The Foundation)
The bottom layer is the power required to run the "AI Factories." As AI is energy-intensive, leadership is determined by electricity generation and grid stability.
Layer 2: Chips
The "engines" of the cake, consisting of GPUs, CPUs, and networking silicon required to process AI compute.
Layer 3: Infrastructure
The physical assembly of chips into supercomputers and the digital software orchestration (like CUDA) that manages them.
Layer 4: Models
The "frontier models" (LLMs) and foundation software that provide the intelligence layer.
Layer 5: Applications
The top layer where AI is integrated into society through software, robotics, and industry-specific tools.
Strategic Takeaway for Entrepreneurs
The "cake" illustrates that while the "Chips" and "Models" layers are capital-intensive, the Application and Infrastructure layers offer the most fertile ground for startups to build specialized tools using the layers below.