AI Value Chain

The AI Sector Map

Interactive map of the global AI ecosystem — from silicon to applications. Click any company for AI-specific metrics, investment thesis, and supply chain dependencies.

OverweightEqual WeightUnderweightWatch
Silicon
Compute · Memory · Networking
The foundation. Every AI workload runs on specialized chips. Capital intensity meets defensibility.
Infrastructure
Cloud · Data Centers · Power
The plumbing. $220B+ annual capex building AI compute capacity. Power and cooling are binding constraints.
Platform
MLOps · Data · Orchestration
The intelligence layer. Software that makes AI workloads efficient and accessible. Middleware winners take disproportionate value.
Application
Enterprise · Consumer · Agent
The user-facing layer. Where AI creates direct business value. Revenue growth ≠ durable moats — yet.
chips flow →
compute flows →
platforms enable →
Companies Tracked
15
Across 4 value chain layers
Overweight Ratings
8
Highest conviction positions
Value Chain Layers
4
Silicon → Infra → Platform → App