453 investment ideas from 147 funds across 194 stocks. Every thesis and quote on this page comes from a fund manager's own investor letter, not a 13F filing, so you can see the reasoning, risks and conviction behind each AI & Data Centers position.
LongTSM
Baron views TSMC as the world's leading semiconductor foundry with a near monopoly in manufacturing the most advanced chips. Robust AI demand is supporting demand for advanced nodes even while the broader foundry market
LongAVGO
Baron believes Broadcom's semiconductor portfolio is reaching an inflection point as AI drives demand for networking and custom compute. The company is the market leader in networking and is positioned to benefit as hype
LongTSMSep 2026
Third Point identifies TSMC as a major beneficiary of continued AI infrastructure spending because it fabricates advanced chips for customers such as Nvidia. Large technology companies have shown no sign of slowing capit
Long000660.KSSep 2026
Third Point identifies SK Hynix as one of the portfolio's major beneficiaries of continued AI infrastructure spending. The company supplies memory chips used in AI workflows, while large technology companies have shown n
LongMSFTSep 2026
Microsoft is positioned at the intersection of cloud computing and artificial intelligence, supported by continued Azure demand and growing adoption of AI-powered tools across its software ecosystem. The fund points to r
LongANETSep 2026
Arista is one of the fund's preferred ways to gain exposure to the buildout of AI infrastructure. AI systems require high-performance networking to move large amounts of data between chips, servers and data centers, givi
LongNVDASep 2026
Nvidia is presented as the leader in the global buildout of artificial intelligence infrastructure, supplying the advanced computing hardware required for demanding AI applications. The fund says fundamentals remain very
LongNVDA
Nvidia is the dominant supplier of AI compute, with its GPUs, CUDA software, networking products and AI services creating network effects and high switching costs. August results beat expectations across revenue, earning
LongLB
Arauca views power and the physical infrastructure surrounding AI data centres as a clearer investment opportunity than many highly valued semiconductor or software beneficiaries. Data centres require substantial electri
LongTPL
Arauca believes the clearest remaining opportunity connected to AI is power infrastructure rather than trying to identify the next winning model or chip architecture. Every data centre requires electricity, land and wate
LongTPL
Texas Pacific Land remains a highly profitable long-term holding that earns royalties from oil and water resources on its Texas land. The manager sees an additional source of upside from the possibility that data centers
LongBN
Brookfield is viewed as a compounding asset-management platform whose scale and fee streams can grow with assets under management. The letter says Brookfield has increased AUM at roughly 20 percent annually, allowing sha
“TSMC's undisputed market dominance and stellar reputation, combined with rapidly growing global demand for advanced chips, position the company for years of continued growth.”
“A combination of a strong competitive positioning, AI-related growth, accretion from the VMWare acquisition, and reasonable valuation sets up a favorable outlook for Broadcom.”
“SK Hynix, which supplies memory chips for AI workflows, and TSMC, which fabricates chips for the likes of Nvidia, have been among the top winners.”
“SK Hynix, which supplies memory chips for AI workflows, and TSMC, which fabricates chips for the likes of Nvidia, have been among the top winners.”
“continued demand for Azure and growing adoption of AI-powered tools across its software ecosystem.”
“Arista Networks has become one of our preferred ways to gain exposure to the continued buildout of artificial intelligence infrastructure.”