Connectivity Networks & Equipment

Connectivity demand supports both recurring carrier revenue and spending on fiber, optical transport, and network equipment. Carrier valuations offer a different entry point from expensive AI compute: AT&T and Verizon trade at forward P/E ratios of 9.9x and 8.5x, respectively. Pairing network operators with equipment suppliers spreads exposure across connectivity services and the infrastructure needed to deliver them, while retaining competition and capital-spending risks. Launch basket (equal weight): T, VZ, CSCO, CIEN, GLW, TMUS, AMT 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.