Network Equipment & Optical Components

Bandwidth-intensive computing requires optical links, connectivity silicon, and switching equipment regardless of which cloud platform wins. The AI-capex selloff creates a reason to examine these component and equipment suppliers separately from compute landlords, while remaining selective about customer concentration and spending delays. This basket targets network hardware rather than processors, cloud operators, or software. Launch basket (equal weight): CIEN, LITE, AAOI, CRDO, ANET, COHR, CSCO 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.