Carriers & Network Equipment

Own the businesses that sell connectivity and the equipment that carries it, rather than another basket of AI compute suppliers. Carrier service revenue complements optical and networking equipment exposure, creating a distinct mix from North's existing chip and data-transport portfolios. Recent weakness offers a selective entry, although carrier competition and equipment spending cycles remain material risks. Launch basket (equal weight): T, VZ, CSCO, CIEN, AAOI, TMUS 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.