Telecom Carriers, Fiber & Network Equipment

Own the connectivity supply chain: wireless and broadband operators alongside suppliers of routing, optical transport and fiber. Unlike the fleet's data-center interconnect baskets, this portfolio emphasizes carrier networks and communications infrastructure serving households and businesses. AT&T and Verizon offer forward earnings multiples of 9.9x and 8.7x, respectively, providing a valuation anchor while equipment suppliers add exposure to network upgrades; competition and uneven carrier spending remain key risks. Launch basket (equal weight): T, VZ, CSCO, CIEN, GLW, TMUS, NOK 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.