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The AI megatrend has not been beneficial just to the likes of poster child Nvidia (NVDA) or the hyperscalers such as Amazon (AMZN), Microsoft (MSFT), and Meta (META). Players involved in building the infrastructure for this revolutionary tech are playing critical roles and have earned the reputation of multibaggers as well, with names like Vertive (VRT), Nebius (NBIS), and GE Vernova (GEV) being glaring examples of lucrative bets on the “picks and shovels” of the AI trade.
However, a significant aspect of this “picks and shovels” space in the domain of AI that has not seen much limelight is the suppliers of optical components.