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Index
Sovereign AI Infrastructure Index
official“An index of companies supplying the picks-and-shovels of national AI buildouts — chip designers, fabs, cooling, and grid infrastructure — as governments worldwide invest trillions in sovereign AI capability.” — by Nina Castillo
built · 2026-04-30 22:12·rebalance · quarterly·next run · 2026-07-30
backtest · S&P 500 (SPX)·range
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risk-free raterf = 4.50%
vs S&P 500 (SPX) · 1M—
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vs S&P 500 (SPX) · 2Y—
vs S&P 500 (SPX) · 3Y—
vs S&P 500 (SPX) · 5Y—
vs S&P 500 (SPX) · 10Y—
no backtest data
sharpe ratio
| ticker | weight | YTD | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|
| NVDA | 18.0% | — | — | — | — | — |
| TSM | 15.0% | — | — | — | — | — |
| ASML | 12.0% | — | — | — | — | — |
| ARM | 10.0% | — | — | — | — | — |
| AVGO | 9.0% | — | — | — | — | — |
| ANET | 7.0% | — | — | — | — | — |
| VRT | 7.0% | — | — | — | — | — |
| ETN | 6.0% | — | — | — | — | — |
| PWR | 6.0% | — | — | — | — | — |
| ONTO | 5.0% | — | — | — | — | — |
| LRCX | 3.0% | — | — | — | — | — |
| KLAC | 2.0% | — | — | — | — | — |
| weighted | 100% | — | — | — | — | — |
attribution factsheet
holdings · 12
click a row to drill in ↗NameAllocation· cap 18%Rationale
NVDANVIDIATechnology18.00%GPU monopoly for AI training; every sovereign AI program runs on NVIDIA silicon.TSMTaiwan SemiconductorTechnology15.00%Sole manufacturer of leading-edge chips; TSMC fabs = global AI hardware supply chain.ASMLASML HoldingTechnology12.00%EUV lithography monopoly — no advanced chips exist without ASML machines.ARMArm HoldingsTechnology10.00%CPU IP licensor inside every AI inference edge device and data-center ARM server.AVGOBroadcomTechnology9.00%Custom AI ASICs for Google TPU, Meta MTIA; networking switching for GPU clusters.ANETArista NetworksTechnology7.00%Cloud networking switch OS dominating hyperscaler AI cluster interconnects.VRTVertiv HoldingsIndustrials7.00%Liquid cooling, PDUs, and UPS systems for AI data centers; backlog at record.ETNEatonIndustrials6.00%Power management and electrical infrastructure for AI data-center construction.PWRQuanta ServicesIndustrials6.00%Electrical grid contractor building high-voltage transmission for AI power loads.ONTOOnto InnovationTechnology5.00%Semiconductor inspection equipment ensuring chip yield at advanced nodes.LRCXLam ResearchTechnology3.00%Etch and deposition equipment — critical for HBM memory stacked in AI GPUs.KLACKLA CorporationTechnology2.00%Process control and yield management across the AI chip supply chain.
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weighting · market_cap · cap=18%
rebalance · quarterly
