Photonics & Data-Network Hardware

Cloud and telecommunications networks depend on optical transmission, interconnect chips, and switching equipment to move growing data traffic. The recent AI-related selloff creates a reason to evaluate these hardware suppliers separately from compute providers carrying financing risk. This basket targets physical connectivity businesses, while recognizing that customer capital-spending cuts could still weaken orders. Launch basket (equal weight): CIEN, AAOI, LITE, COHR, CRDO, 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.