Optical & Data-Network Equipment

Expanding compute capacity requires optical links, switches and transport equipment to move data between servers and sites. With AI infrastructure spending under scrutiny, this basket targets networking hardware suppliers rather than compute landlords dependent on financing. The opportunity now is selective exposure to network capacity upgrades, while recognizing that delayed customer spending remains a shared risk. Launch basket (equal weight): AAOI, COHR, LITE, CIEN, ANET, 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.