Hardware
Servers, networking, storage, and the physical layer powering the AI supercycle.
Why Hardware Is Back
The software-dominant era of zero interest rates is giving way to a capex supercycle. Building AI requires physical infrastructure at unprecedented scale: custom servers, ultra-high-bandwidth networking, and massive storage systems. Hardware is no longer boring.
Key Sub-Themes
AI Servers — SMCI (Super Micro) is the fastest-growing AI server ODM. DELL is winning hyperscaler AI rack contracts. HPE repositioning toward AI infrastructure.
Networking — ANET (Arista Networks) is the dominant high-speed networking vendor for AI clusters. Ethernet vs InfiniBand is the key architectural debate as GPU cluster sizes grow.
Storage — AI training generates and requires massive storage throughput. PSTG (Pure Storage) and NTAP (NetApp) positioned for AI-adjacent storage growth. Traditional HDDs (STX, WDC) being displaced by flash in AI workloads.
CDN / Edge — Cloudflare (NET) sits at the intersection of hardware infrastructure and software delivery.
Key Stocks
SMCI, DELL, HPE, ANET, CSCO, STX, WDC, PSTG, NTAP, FFIV
Deep Dive Articles — Coming Soon
AI server market share analysis, networking architecture breakdowns, and stock comparisons will appear here.