Telecom Networks & Broadband Infrastructure

Own the carriers and equipment suppliers that deliver mobile and fixed broadband, rather than another basket built around AI computing. Following the technology pullback, this pairs recurring connectivity revenue with exposure to network upgrades; AT&T and Verizon offer relatively modest forward earnings valuations on the supplied sheet. Carrier capital-spending cuts, competition and equipment-order cyclicality remain the central risks. Launch basket (equal weight): T, VZ, CSCO, CIEN, GLW, TMUS, NOK, CMCSA 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.