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 0.43 across 45 pairs - weak co-movement.

AI Compute Accelerators

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

0.427avg corr (252d)

0.04 / 0.64min / max

45pairs

10primary stocks

3etfs

Weak co-movement

Stocks

NVDANVIDIA Corporation
The AI compute monopoly.
$211.94
$71fib+199%
AMDAdvanced Micro Devices, Inc.
Primary challenger in accelerators.
$518.58
$253fib+105%
TSMTaiwan Semiconductor Manufacturing Co.
Actual foundry for everyone.
$417.17
$314fib+33%
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.
$280.56
$185fib+52%
AVGOBroadcom Inc.
Custom ASICs for hyperscalers.
$418.16
$336fib+24%
SMCISuper Micro Computer, Inc.
Super Micro Computer - AI server OEM, leading $NVDA channel partner for liquid-cooled GPU systems; high concentration on hyperscaler buildouts.
$31.69
MRVLMarvell Technology, Inc.
AI networking + custom silicon.
$218.59
$126fib+73%
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.
$227.15
QCOMQUALCOMM Incorporated
Outlier vs AI-compute cluster (252d corr). Mobile/edge exposure dilutes the capex narrative.
$162.67
INTCIntel Corporation
Outlier vs AI-compute cluster (252d corr). Turnaround story, not capital-flow driven by AI narrative.
$100.86
$60fib+68%
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.
$128.99
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.
$12.49
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.
$8.57

Correlation matrix (252d)

	AMD	ARM	INTC	MRVL	QCOM	AVGO	NVDA	SMCI	TSM	CBRS
AMD	·	0.58	0.57	0.53	0.48	0.47	0.43	0.46	0.56	0.37
ARM	0.58	·	0.45	0.56	0.49	0.52	0.40	0.43	0.56	0.16
INTC	0.57	0.45	·	0.47	0.46	0.39	0.30	0.34	0.42	0.45
MRVL	0.53	0.56	0.47	·	0.42	0.50	0.39	0.42	0.53	0.37
QCOM	0.48	0.49	0.46	0.42	·	0.36	0.23	0.40	0.32	0.04
AVGO	0.47	0.52	0.39	0.50	0.36	·	0.52	0.43	0.61	0.30
NVDA	0.43	0.40	0.30	0.39	0.23	0.52	·	0.44	0.64	0.36
SMCI	0.46	0.43	0.34	0.42	0.40	0.43	0.44	·	0.49	0.17
TSM	0.56	0.56	0.42	0.53	0.32	0.61	0.64	0.49	·	0.44
CBRS	0.37	0.16	0.45	0.37	0.04	0.30	0.36	0.17	0.44	·

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

+$15.92B

net flow · 30d

$77.2B

bubble AUM

+$7.93B

biggest inflow

-$5.36B

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 0.43 across 45 pairs - weak co-movement.