What are the top stocks in the AI Compute Accelerators bubble?

QuantAbundancia maps 10 primary stocks to the AI Compute Accelerators bubble: NVDA, AMD, TSM, ARM, AVGO, SMCI, MRVL, CBRS, QCOM, INTC.

What ETFs carry the AI Compute Accelerators thesis?

3 ETFs on QuantAbundancia carry the AI Compute Accelerators thesis: SMH (primary), AIS, SOXX.

How correlated are AI Compute Accelerators stocks?

The AI Compute Accelerators bubble's primary members co-move with a 252-day average correlation of 0.37 across 45 pairs - weak co-movement.

AI Compute Accelerators

GPUs, accelerators, and the AI-specific silicon stack that moves as one under capital flows.

0.372avg corr (252d)

-0.14 / 0.66min / max

45pairs

10primary stocks

3etfs

Weak co-movement

Stocks

NVDANVIDIA Corporation
The AI compute monopoly.
$210.69
$71fib+197%
AMDAdvanced Micro Devices, Inc.
Primary challenger in accelerators.
$537.37
$253fib+112%
TSMTaiwan Semiconductor Manufacturing Co.
Actual foundry for everyone.
$462.12
$314fib+47%
ARMArm Holdings plc
Arm Holdings - CPU IP licensor underneath every AI chip in the bubble. NVIDIA Grace (Blackwell + Rubin), AWS Graviton, Apple A/M, Google Axion, MSFT Cobalt all license Arm v9 Neoverse / Cortex. v9 royalty rate ~2× v8; CSS chiplet stack pushes royalty per AI accelerator higher each year.
$439.46
$185fib+138%
AVGOBroadcom Inc.
Custom ASICs for hyperscalers.
$411.35
$336fib+22%
SMCISuper Micro Computer, Inc.
Super Micro Computer - AI server OEM, leading $NVDA channel partner for liquid-cooled GPU systems; high concentration on hyperscaler buildouts.
$30.66
MRVLMarvell Technology, Inc.
AI networking + custom silicon.
$310.58
$126fib+146%
CBRSCerebras Systems Inc.
Specialist wafer-scale AI inference accelerator. WSE-3 architecture (~2,600× a B200 on bandwidth) wins frontier-latency inference benchmarks (21× B200 on Llama 3 70B reasoning, 2,500+ TPS/user on Llama 4 Maverick vs Blackwell 1,038) but explicitly does not challenge NVDA on training. Weight 0.70 - pure-play AI thesis but specialist scope, no public correlation history yet, ~86% customer concentration on G42 + MBZUAI. Slots below the established compute names (NVDA 1.00, AMD/TSM 0.95, AVGO 0.90, MRVL 0.80) and above the partial-thesis names (INTC 0.60, QCOM 0.65). Expect lower residualized correlation to the bloc than NVDA/AMD/AVGO due to single-thesis exposure - will revisit weight after 30 sessions of post-IPO trading.
$234.71
QCOMQUALCOMM Incorporated
Outlier vs AI-compute cluster (252d corr). Mobile/edge exposure dilutes the capex narrative.
$226.11
INTCIntel Corporation
Outlier vs AI-compute cluster (252d corr). Turnaround story, not capital-flow driven by AI narrative.
$133.99
$60fib+123%
Adjacent (secondary)
BABAAlibaba Group Holding Limited
Classifier 2026-05-07: extended tier, corr 0.31 to semiconductors centroid (29 obs, 2nd: quantum 0.292). is_primary_bubble=FALSE.
$107.10
LPTHLightPath Technologies, Inc.
Classifier 2026-05-07: extended tier, corr 0.46 to semiconductors centroid (29 obs, 2nd: networking-optical 0.380). is_primary_bubble=FALSE.
$15.15
POETPOET Technologies Inc.
Classifier 2026-05-07: extended tier, corr 0.46 to semiconductors centroid (29 obs, 2nd: networking-optical 0.368). is_primary_bubble=FALSE.
$12.15

Correlation matrix (252d)

	AVGO	NVDA	SMCI	TSM	AMD	ARM	INTC	MRVL	QCOM	CBRS
AVGO	·	0.51	0.41	0.60	0.43	0.48	0.33	0.45	0.31	0.22
NVDA	0.51	·	0.43	0.66	0.42	0.40	0.25	0.35	0.21	0.26
SMCI	0.41	0.43	·	0.48	0.47	0.43	0.28	0.40	0.39	0.10
TSM	0.60	0.66	0.48	·	0.49	0.51	0.29	0.44	0.28	0.34
AMD	0.43	0.42	0.47	0.49	·	0.53	0.47	0.45	0.47	0.14
ARM	0.48	0.40	0.43	0.51	0.53	·	0.37	0.48	0.46	-0.14
INTC	0.33	0.25	0.28	0.29	0.47	0.37	·	0.37	0.45	0.41
MRVL	0.45	0.35	0.40	0.44	0.45	0.48	0.37	·	0.37	0.30
QCOM	0.31	0.21	0.39	0.28	0.47	0.46	0.45	0.37	·	0.02
CBRS	0.22	0.26	0.10	0.34	0.14	-0.14	0.41	0.30	0.02	·

Ticker order reflects hierarchical clustering assignment. Tighter green blocks on the diagonal = stronger sub-clusters within the bubble.

ETF flows (30d)

30 days with data

-$1.45B

net flow · 30d

$67.8B

bubble AUM

+$8.53B

biggest inflow

-$4.67B

biggest outflow

Daily net ETF creations minus redemptions across primary ETFs in the bubble. Green = capital in, red = capital out. Computed nightly from issuer NAV + shares-outstanding data.

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Related bubbles· by shared members

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ETFs carrying the thesis

SMHPrimary
VanEck Semiconductor ETF
VanEck
-
AIS
VistaShares Artificial Intelligence Supercycle ETF
VistaShares
$35M
SOXX
iShares Semiconductor ETF
BlackRock
-

Sub-clusters

Frequently asked questions

What are the top stocks in the AI Compute Accelerators bubble?: QuantAbundancia maps 10 primary stocks to the AI Compute Accelerators bubble: NVDA, AMD, TSM, ARM, AVGO, SMCI, MRVL, CBRS, QCOM, INTC.
What ETFs carry the AI Compute Accelerators thesis?: 3 ETFs on QuantAbundancia carry the AI Compute Accelerators thesis: SMH (primary), AIS, SOXX.
How correlated are AI Compute Accelerators stocks?: The AI Compute Accelerators bubble's primary members co-move with a 252-day average correlation of 0.37 across 45 pairs - weak co-movement.