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.

0.371avg corr (252d)

-0.06 / 0.66min / max

45pairs

10primary stocks

3etfs

Weak co-movement

Stocks

NVDANVIDIA Corporation
The AI compute monopoly.
$197.58
$71fib+178%
AMDAdvanced Micro Devices, Inc.
Primary challenger in accelerators.
$540.88
$253fib+114%
TSMTaiwan Semiconductor Manufacturing Co.
Actual foundry for everyone.
$444.23
$314fib+41%
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.
$337.47
$185fib+82%
AVGOBroadcom Inc.
Custom ASICs for hyperscalers.
$369.34
$336fib+10%
SMCISuper Micro Computer, Inc.
Super Micro Computer - AI server OEM, leading $NVDA channel partner for liquid-cooled GPU systems; high concentration on hyperscaler buildouts.
$27.65
MRVLMarvell Technology, Inc.
AI networking + custom silicon.
$272.05
$126fib+116%
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.
$221.27
QCOMQUALCOMM Incorporated
Outlier vs AI-compute cluster (252d corr). Mobile/edge exposure dilutes the capex narrative.
$181.92
INTCIntel Corporation
Outlier vs AI-compute cluster (252d corr). Turnaround story, not capital-flow driven by AI narrative.
$127.02
$60fib+112%
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.
$97.99
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.
$15.89
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.
$9.70

Correlation matrix (252d)

	INTC	QCOM	AMD	ARM	AVGO	MRVL	NVDA	SMCI	TSM	CBRS
INTC	·	0.45	0.50	0.38	0.34	0.40	0.27	0.29	0.33	0.29
QCOM	0.45	·	0.46	0.47	0.32	0.38	0.22	0.38	0.28	-0.02
AMD	0.50	0.46	·	0.53	0.43	0.47	0.43	0.46	0.52	0.12
ARM	0.38	0.47	0.53	·	0.50	0.49	0.42	0.41	0.52	-0.06
AVGO	0.34	0.32	0.43	0.50	·	0.46	0.52	0.38	0.59	0.18
MRVL	0.40	0.38	0.47	0.49	0.46	·	0.38	0.39	0.47	0.23
NVDA	0.27	0.22	0.43	0.42	0.52	0.38	·	0.42	0.66	0.25
SMCI	0.29	0.38	0.46	0.41	0.38	0.39	0.42	·	0.47	-0.01
TSM	0.33	0.28	0.52	0.52	0.59	0.47	0.66	0.47	·	0.29
CBRS	0.29	-0.02	0.12	-0.06	0.18	0.23	0.25	-0.01	0.29	·

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

+$2.07B

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.