Norwegian Materials Data Center (AI Picks and Shovels) Stocks

IREN

Market Cap: US$16.0b

Operates in the vertically integrated data center business in Australia and Canada.

VeriSilicon Microelectronics (Shanghai)

Market Cap: CN¥97.4b

Provides platform-based custom silicon and semiconductor IP licensing services in China and internationally.

Tongfu MicroelectronicsLtd

Market Cap: CN¥96.5b

Provides integrated circuit (IC) encapsulation test services in China and internationally.

Shenzhen Techwinsemi Technology

Market Cap: CN¥89.3b

Develops, manufactures, and sells storage control chips and modules in China and internationally.

Applied Optoelectronics

Market Cap: US$13.1b

Engages in the design, manufacture, and sale of fiber-optic networking products in the United States, Taiwan, and China.

Semtech

Market Cap: US$12.6b

Provides semiconductor, Internet of Things systems, and cloud connectivity service solutions in the Asia- Pacific, North America, and Europe.

Rambus

Market Cap: US$10.9b

Manufactures and sells semiconductor products in the United States, South Korea, Singapore, and internationally.

Hut 8

Market Cap: US$10.9b

Operates as an energy infrastructure platform that integrates power, digital infrastructure, and compute at scale to fuel energy-intensive use cases in the United States and Canada.

Advanced Fiber Resources (Zhuhai)

Market Cap: CN¥72.1b

Designs, manufactures, and sells passive optical components and modulators in China and internationally.

Shanghai Biren Technology

Market Cap: HK$83.2b

Operates as a graphics processing unit (GPU) developer that researches and develops general computing systems.

Henan Shijia Photons Technology

Market Cap: CN¥68.4b

Henan Shijia Photons Technology Co., Ltd.

Ingenic SemiconductorLtd

Market Cap: CN¥66.4b

Designs, develops, and sells system-on-a-chip (SoC) products for various electronic devices worldwide.

Silicon Motion Technology

Market Cap: US$9.2b

Designs, develops, and markets NAND flash controllers for solid-state storage devices and related devices in China, Japan, Singapore, Taiwan, Korea, the United States, and internationally.

LandMark Optoelectronics

Market Cap: NT$272.7b

Engages in the manufacture and sale of optoelectronic semiconductors in Taiwan, China, the United States, and internationally.

CIG Shanghai

Market Cap: CN¥56.2b

Engages in the research and development, production, and sale of edge computing, industrial interconnection, and high-speed optical module products in China and internationally.

Allegro MicroSystems

Market Cap: US$8.2b

Designs, develops, manufactures, and markets sensor integrated circuits (ICs) and application-specific power ICs for sensing, motion control, and power management functions of complex electromechanical or power conversion systems.

Jiangsu Etern

Market Cap: CN¥55.5b

Engages in the production and sales of optical cables and cables in China and internationally.

SenseTime Group

Market Cap: HK$60.4b

An investment holding company, research, develops and sells artificial intelligence software platforms in Mainland China, Northeast Asia, Southeast Asia, and internationally.

SICC

Market Cap: CN¥51.7b

Engages in the research, development, production, and sale of silicon carbide substrate materials in China and internationally.

Fiberhome Telecommunication Technologies

Market Cap: CN¥50.7b

Fiberhome Telecommunication Technologies Co., Ltd.

Riot Platforms

Market Cap: US$7.1b

Operates as a Bitcoin mining company in the United States.

Cipher Digital

Market Cap: US$6.7b

Develops and operates industrial-scale data centers for bitcoin mining and high-performance compute (HPC) hosting in the United States.

Rigetti Computing

Market Cap: US$6.2b

Through its subsidiaries, builds and operates quantum computers and the superconducting quantum processors the United States, the United Kingdom, rest of Europe, Asia, and internationally.

Yonyou Network TechnologyLtd

Market Cap: CN¥37.2b

Provides digital software and services to enterprises and public organizations in China and internationally.

AXT

Market Cap: US$5.3b

Designs, develops, manufactures, and distributes compound and single element semiconductor substrates.

Ondas

Market Cap: US$5.1b

Provides private wireless, drone, and automated data solutions in the United States and internationally.

InnoScience (Suzhou) Technology Holding

Market Cap: HK$40.0b

InnoScience (Suzhou) Technology Holding Co., Ltd.

Octave Intelligence

Market Cap: US$4.8b

Provides various software solutions.

Soitec

Market Cap: €4.1b

Develops and manufactures semiconductor materials in Asia, Europe, and the United States.

Keppel DC REIT

Market Cap: S$5.5b

Keppel DC REIT was listed on the Singapore Exchange on 12 December 2014 as the first pure-play data centre REIT in Asia.

Navitas Semiconductor

Market Cap: US$3.8b

Designs, develops, and markets power semiconductors in the United States, Europe, China, rest of Asia, and internationally.

Wuxi NCE PowerLtd

Market Cap: CN¥25.0b

Engages in the research, design, development, and sale of semiconductor chips and power devices in China and internationally.

NextNav

Market Cap: US$3.2b

Provides positioning, navigation, and timing (PNT) solutions in the United States.

Freshworks

Market Cap: US$3.2b

A software development company, provides software-as-a-service products in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally.

Tongding Interconnection Information

Market Cap: CN¥21.5b

Manufactures and sells optical and electrical cables in China and internationally.

Digi International

Market Cap: US$3.2b

Provides business and mission-critical Internet of Things (IoT) connectivity products, services, and solutions in the United States, Europe, the Middle East, Africa, and internationally.