AI 인프라 관련 주식에 대한 개인적인 생각 공유해봅니다 🤖

Too much writing nobody will read it, learn to summarize

thanks man good plays too bad we were only 6 months too late to the party

STRL - 6 months+413.73 (131.53%)

FIX +949.31 (108.35%)past 6 months

MOD - +105.48 (75.88%)past 6 months

FIX/STRL are real examples of companies that are good companies that are currently enjoying the best period in the history of either company, but the stocks are priced as if this level of growth will continue indefinitely. It may continue for a lot longer than anyone thinks, but if there's even a slight decel in growth it's going to be not good. If AI investment started to be curtailed/slow more materially, you're not going to want to be anywhere near these names, as the re-rate will be nasty.

I don't think KGS is a bad company but in terms of power generation/behind the meter/etc BE has been the best pure play there. That said, as someone who's been long BE since last Summer and done exceptionally well with that name, I continually re-assess and look at other names/technologies. Demand is high and as such, other things are piling in - look at what FTAI is doing with CFM56 aircraft engines repurposed as effectively power turbines. BE does have some advantage given less pollution/noise but given the scramble I think an increasing amount of companies are trying to pile in - what happens on the other side of that? If you can lock customers into PPAs that's at least something but what are the stocks pricing in? In terms of KGS, look at peer LBRT doing similar things.

I've done well with the AI infrastructure trade - I've said lately when it ends I can't see a more lucrative theme for many, many, many years - but when it ends a lot of companies are going to re-rate lower unless they can really make a case that they will continue to participate at a high rate on the other side of this buildout, whenever that is (although the market will absolutely try sniffing that out before it occurs.)

You might like FPS, which has pulled back lately with everything else AI despite a pretty fantastic quarter the other day. APG also kind of a more boring name with some exposure.