(https://www.cnbc.com/2026/06/23/top-performing-tech-hedge-fund-manager-philippe-laffont-explains-his-biggest-ai-trade-.html) his biggest AI exposure is through semiconductor equipment suppliers, not chipmakers themselves. Smart move—but the market still doesn't price the asymmetry. Chip demand swings wildly; equipment demand is sticky because fabs have to keep upgrading their nodes.

Research these companies