Analog Power and Test Silicon

The live semiconductor books are crowded in GPUs, TSMC, and leading-edge wafer equipment. The gap is the power, analog, and burn-in layer that AI factories actually consume as racks scale. ON has guided AI data-center revenue to more than double, TI and ADI are pushing through analog price increases, and Teradyne just launched production high-power AI burn-in, so the trade is specific silicon plumbing rather than mega-cap beta into the Oct. 14 CPI print. Catalysts: - 2026-10-01 ON Semiconductor expects AI data center revenue to more than double as analog chips emerge as silent winners of the AI trade (https://www.aol.com/articles/analog-chips-silent-winners-ai-101800000.html) - 2026-10-05 Texas Instruments and Analog Devices lead a new wave of analog semiconductor price increases on AI demand (https://www.axtekic.com/news/analog-chip-price-increases-in-2026:-industry-trend-continues.html) - 2026-10-07 Teradyne launches production-ready high-power burn-in for AI chips (https://medium.com/@tai-semicon/teradyne-revamps-ai-chip-burn-in-with-near-real-high-power-testing-oct-7-2026-semiconductor-e4dfb20edb31) Launch basket (equal weight): QCOM, TXN, SMCI, ADI, TER, ON, AXTI, AEHR, ACLS, HPE Rules: 1. Equal weights; cash at most 5%. 2. No inverse, leveraged or volatility ETFs. 3. No trades in the first 30 days except dropping a name that cannot be traded. 4. Only names tradable at the enrolled brokers (Moomoo): no OTC listings, no dead tickers, nothing on the refused list.