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Stock Comets

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A "comet" is a thematic basket organized around a trigger event — the head is the catalyst (IPO, buildout, policy shift), the tail is the set of stocks expected to be dragged along in its wake.

Vertical Pushlive Datacenter Buildoutlive SpaceX Dragon's Wakelive Quantum Computingpre-event Anthropic IPO Watchpre-event OpenAI Recap Watchpre-event

Datacenter Buildout

Head: DLR · Trigger: rolling buildout · Status: live · 64 members

The trillion-dollar hyperscale data-center buildout (Stargate, Meta Hyperion, Microsoft + Three Mile Island, xAI Colossus, AWS Mississippi, etc.). Tracks: hyperscaler tenants, AI/GPU silicon, colocation REITs, power utilities, SMR/nuclear plays, cooling + electrical picks-and-shovels, gas turbines, copper miners, and pipeline hedges. Each new pipeline DC adds its named operators as basket members.

Head1

Sym Company Wake Beta Price Ratio 1D % 7D % YTD % Rationale
DLR Digital Realty Trust 1 1.00 $179.82 1.00× ▲ 2.00% ▲ 3.76% ▲ 15.99% Largest dedicated data-center REIT; every new hyperscale lease lifts AFFO.

Pre-IPO Proxies8

Sym Company Wake Beta Price Ratio 1D % 7D % YTD % Rationale
EQIX Equinix Inc. 1 0.95 $1,037.40 5.77× ▲ 2.11% ▲ 3.53% ▲ 35.77% Global colocation + interconnect leader; AI migration is a tenant-mix tailwind.
ANTHROPIC Anthropic PBC 2 Frontier-model lab (Claude). Secondary driver of AI capex — every Anthropic training run is a fresh DC + GPU + power + cooling order.
ASML ASML Holding 2 1.15 $1,837.38 10.22× ▲ 3.89% ▲ 3.85% ▲ 57.88% EUV lithography monopoly — every leading-edge AI chip needs ASML tools.
META Meta Platforms 2 0.90 $606.60 3.37× ▲ 0.58% ▲ 4.07% ▼ -6.74% Frontier-model lab (Llama) + Hyperion mega-DC buildout in LA — secondary driver of AI capex.
MU Micron Technology 2 1.30 $1,019.85 5.67× ▲ 7.49% ▲ 4.54% ▲ 223.33% HBM memory bottleneck — every NVDA GPU needs MU/Hynix HBM3E. AI capex direct beneficiary.
NVDA NVIDIA Corp. 2 1.40 $201.41 1.12× ▼ -1.33% ▲ 3.38% ▲ 6.65% GPU monopolist; AI training silicon driving GW demand.
OPENAI OpenAI 2 Frontier-model lab (GPT/o-series). Secondary driver of AI capex — Stargate consortium is the largest single forward DC commitment.
VRT Vertiv Holdings 2 1.30 $329.30 1.83× ▲ 3.62% ▲ 9.57% ▲ 87.52% Liquid cooling + UPS — the AI-DC picks-and-shovels purest expression.

Core Peers11

Sym Company Wake Beta Price Ratio 1D % 7D % YTD % Rationale
AMZN Amazon.com 2 0.80 $241.55 1.34× ▼ -0.85% ▼ -0.46% ▲ 6.64% AWS DC footprint largest; Mississippi mega-cluster.
GOOGL Alphabet Inc. 2 0.85 $353.14 1.96× ▼ -2.43% ▼ -1.88% ▲ 12.05% TPU + GCP; Iowa, Ohio, Nevada buildouts.
MSFT Microsoft Corp. 2 0.85 $380.18 2.11× ▼ -0.82% ▼ -2.64% ▼ -19.61% Hyperscaler #2 in AI capex; OpenAI partnership, Three Mile Island restart, Mt. Pleasant build.
AAPL Apple Inc. 3 0.75 $314.63 1.75× ▲ 0.40% ▲ 1.94% ▲ 16.10% Apple Intelligence + Private Cloud Compute buildout. Less direct than MSFT/AMZN but a major silent hyperscaler now.
AMD Advanced Micro Devices 3 1.25 $552.57 3.07× ▲ 6.80% ▲ 6.71% ▲ 147.27% MI300/350 line — challenger AI accelerator.
ARM Arm Holdings 3 1.10 $333.39 1.85× ▲ 11.04% ▲ 5.74% ▲ 190.59% IP licensing royalties on NVDA Grace + custom hyperscaler chips.
AVGO Broadcom Inc. 3 1.10 $401.41 2.23× ▲ 3.27% ▲ 11.36% ▲ 15.47% Custom AI silicon (Google TPU, Meta MTIA) + DC networking.
INTC Intel Corp. 3 0.95 $112.88 0.63× ▲ 2.39% ▼ -6.21% ▲ 186.63% Foundry pivot (18A node) + Gaudi accelerators; AI re-entrant.
ORCL Oracle Corp. 3 0.95 $146.69 0.82× ▲ 4.41% ▲ 4.58% ▼ -25.05% Stargate equity partner; OCI growth on AI training contracts.
TSM Taiwan Semiconductor (TSMC) 3 1.05 $444.45 2.47× ▲ 1.71% ▲ 2.37% ▲ 39.06% Sole foundry for leading-edge AI chips — choke point.
QCOM Qualcomm Inc. 4 0.95 $194.52 1.08× ▲ 4.27% ▲ 10.37% ▲ 12.45% Edge AI + auto silicon — diversifies away from hyperscaler concentration.

Picks & Shovels19

Sym Company Wake Beta Price Ratio 1D % 7D % YTD % Rationale
ANET Arista Networks 3 1.20 $185.25 1.03× ▲ 2.32% ▲ 15.79% ▲ 38.66% AI fabric switching; hyperscaler standard.
ETN Eaton Corp. 3 1.15 $410.00 2.28× ▲ 2.61% ▲ 2.88% ▲ 25.26% Switchgear, busway, transformers — DC electrical backbone.
GEV GE Vernova 3 1.30 $1,081.63 6.02× ▲ 0.99% ▼ -2.83% ▲ 59.17% Gas turbines (HA-class) — the buildout's prime mover.
ALAB Astera Labs 4 1.35 $425.40 2.37× ▲ 8.20% ▲ 4.67% ▲ 136.91% PCIe/CXL fabrics for rack-scale AI compute.
AMAT Applied Materials 4 1.15 $610.45 3.39× ▲ 7.00% ▲ 1.23% ▲ 127.04% Broadest semi process equipment portfolio.
CARR Carrier Global 4 1.00 $68.11 0.38× ▲ 2.05% ▼ -2.80% ▲ 27.26% Chiller plants + cooling.
CMI Cummins Inc. 4 0.95 $691.08 3.84× ▲ 3.27% ▲ 4.44% ▲ 32.38% Standby gensets — diesel + natural gas.
GNRC Generac Holdings 4 1.05 $240.96 1.34× ▲ 1.84% ▼ -4.63% ▲ 70.77% Backup power systems.
JCI Johnson Controls 4 1.00 $140.69 0.78× ▲ 0.32% ▼ -0.05% ▲ 15.02% DC HVAC + thermal.
KLAC KLA Corp. 4 1.10 $236.08 1.31× ▲ 6.74% ▲ 0.23% ▲ 85.24% Wafer inspection — every advanced wafer.
LRCX Lam Research 4 1.20 $355.36 1.98× ▲ 6.67% ▲ 1.12% ▲ 92.02% Etch + deposition for advanced nodes.
MPWR Monolithic Power Systems 4 1.30 $1,397.09 7.77× ▲ 6.20% ▲ 8.46% ▲ 49.21% VRMs supplying NVDA GPUs directly — pure AI capex beta.
MRVL Marvell Technology 4 1.20 $247.23 1.37× ▲ 6.70% ▲ 0.79% ▲ 176.57% Custom AI silicon + DC interconnect DSPs.
TT Trane Technologies 4 1.05 $470.17 2.61× ▼ -0.45% ▼ -1.66% ▲ 18.13% High-density chillers for AI rack heat loads.
ADI Analog Devices 5 0.95 $395.75 2.20× ▲ 2.69% ▲ 4.93% ▲ 44.57% High-performance analog for power + sensing.
COMM CommScope Holding 5 1.05 Fiber optic + structured cabling.
CSCO Cisco Systems 5 0.75 $118.24 0.66× ▲ 3.88% ▲ 4.93% ▲ 55.50% Returning to AI DC switching with Silicon One.
ON Onsemi 5 1.05 $102.36 0.57× · 0.00% Power semi + silicon carbide for DC power conversion.
TXN Texas Instruments 5 0.80 $312.33 1.74× ▲ 3.65% ▲ 6.57% ▲ 75.94% Analog + power management; broad DC + industrial exposure.

Adjacent Plays22

Sym Company Wake Beta Price Ratio 1D % 7D % YTD % Rationale
CEG Constellation Energy 3 1.15 $247.93 1.38× ▲ 1.39% ▲ 3.63% ▼ -32.31% Nuclear fleet; signed Microsoft Three Mile Island restart deal.
VST Vistra Corp. 3 1.20 $158.53 0.88× ▲ 2.40% ▲ 4.95% ▼ -4.06% Comanche Peak nuclear + Texas gas; Microsoft hyperscale contract.
AEP American Electric Power 4 0.85 $135.01 0.75× ▼ -0.65% ▼ -2.53% ▲ 16.58% Ohio/Texas grid with massive DC interconnect queue.
D Dominion Energy 4 0.85 $69.87 0.39× ▲ 0.01% ▲ 0.17% ▲ 17.94% Virginia — the world's data-center capital.
DUK Duke Energy 4 0.85 $125.68 0.70× ▼ -0.88% ▼ -3.02% ▲ 7.02% Carolinas DC alley utility.
ETR Entergy Corp. 4 0.95 $114.60 0.64× ▲ 0.23% ▼ -0.44% ▲ 22.10% Mississippi/LA/TX — Meta Hyperion + AWS MS supplier.
NEE NextEra Energy 4 0.95 $87.50 0.49× ▲ 0.06% ▼ -0.96% ▲ 8.11% Renewables giant + Florida utility; DC PPA pipeline.
NRG NRG Energy 4 1.00 $141.95 0.79× ▲ 3.25% ▲ 3.84% ▼ -14.57% Texas/East merchant power; DC load growth.
SO Southern Company 4 0.85 $95.57 0.53× ▼ -0.84% ▼ -2.46% ▲ 9.62% Georgia (Plant Vogtle) + Alabama; DC heavyweight.
WMT Walmart Inc. 4 0.65 $112.33 0.62× ▼ -0.68% ▲ 0.44% ▼ -0.38% Walmart Cloud + Sparky AI + Sam's Club Scan & Go. Also a candidate occupier of repurposed retail anchors — intersects with retail-lifecycle thesis.
BWXT BWX Technologies 5 1.20 $188.14 1.05× ▲ 2.19% ▼ -1.53% ▲ 3.46% Naval reactor + SMR fuel fab.
BX Blackstone Inc. 5 1.10 $122.21 0.68× ▲ 3.03% ▼ -0.46% ▼ -23.04% QTS Realty owner; private DC infra.
CCJ Cameco Corp. 5 1.30 $96.57 0.54× ▲ 1.94% ▲ 0.03% ▼ -2.02% Largest publicly-traded uranium miner.
FCX Freeport-McMoRan 5 1.10 $60.51 0.34× ▲ 5.23% ▼ -0.75% ▲ 16.52% Copper miner — every DC GW = ~3kt copper.
OKLO Oklo Inc. 5 1.80 $49.10 0.27× ▲ 3.85% ▼ -6.23% ▼ -36.89% Microreactor SMR; Altman-backed.
PLD Prologis Inc. 5 0.90 $142.03 0.79× ▲ 0.73% ▲ 1.87% ▲ 10.06% Industrial REIT bridging into DC conversion.
SMH VanEck Semiconductor ETF 5 1.25 $614.31 3.42× ▲ 3.59% ▲ 3.72% ▲ 64.56% Cap-weighted semi ETF; heavy NVDA/TSM tilt.
SMR NuScale Power 5 1.60 $9.11 0.05× ▲ 4.00% ▼ -6.66% ▼ -44.14% Pure-play SMR; first NRC-approved design.
SOXX iShares Semiconductor ETF 5 1.20 $591.04 3.29× ▲ 5.16% ▲ 4.37% ▲ 88.42% Diversified semi exposure (~30 holdings).
STX Seagate Technology 5 1.10 $913.74 5.08× ▲ 6.25% ▲ 11.41% ▲ 217.78% HDD for cold/warm DC storage tiers.
URA Global X Uranium ETF 5 1.40 $42.50 0.24× ▲ 2.00% ▼ -1.70% ▼ -7.74% Diversified uranium/nuclear basket.
WDC Western Digital 5 1.10 $590.85 3.29× ▲ 7.37% ▲ 9.62% ▲ 214.78% HDD + NAND for hyperscale bulk storage.

Hedges3

Sym Company Wake Beta Price Ratio 1D % 7D % YTD % Rationale
KMI Kinder Morgan 5 0.55 $32.60 0.18× ▲ 0.35% ▲ 1.67% ▲ 17.63% Natural gas pipeline — feeds gas-turbine fleet behind new DCs.
LNG Cheniere Energy 5 0.75 $260.66 1.45× ▼ -0.11% ▲ 5.97% ▲ 31.78% LNG exporter + domestic gas demand proxy.
XOM Exxon Mobil 5 0.45 $137.91 0.77× ▼ -2.29% ▲ 0.59% ▲ 12.44% Integrated oil + gas; long-duration energy hedge.

Ratio column: member price ÷ DLR $179.82 (head price; falls back to closest proxy when head is pre-IPO).

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