Capital-Hungry Infrastructure Suppliers

Own businesses that must build physical capacity to deliver computing, communications, launch services and distributed electricity, rather than asset-light infrastructure software. Broad drawdowns offer an entry point for a patient capacity-investment thesis, but this basket deliberately accepts financing and execution risk. Returns depend on converting expensive buildouts into customer demand and cash generation, not simply announcing expansion. Launch basket (equal weight): IREN, ORCL, SMCI, COHR, RKLB, BE Rules: 1. No inverse, leveraged or volatility ETFs. 2. Only names tradable at the enrolled brokers (Moomoo): no OTC listings, no dead tickers, nothing on the refused list.