By Joel South
Publication Date: 2026-09-29 14:30:00
The biggest profits in AI infrastructure hide in three chokepoints that most investors walk right past, and two of them are priced as if the boom is already over.
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The AI trade runs on a supply chain, and the tightest links in that chain tend to capture the most pricing power. Three of those chokepoints sit outside the GPU spotlight: custom silicon and networking, memory and the electricity that keeps data centers running.
Each of Broadcom (NASDAQ:AVGO | AVGO Price Prediction), Micron Technology (NASDAQ:MU) and Constellation Energy (NASDAQ:CEG) controls one of them. Two of the three trade as if the market still doubts how long that demand lasts. Below is the case for each, plus the one risk that could break it.
Number 1: Broadcom
As of midday on Monday, Sept. 28, Broadcom shares were up just 0.43% year to date (YTD), while the business is…
/Broadcom%20Inc%20logo%20on%20building-by%20Poetra_%20RH%20via%20Shutterstock.jpg?resize=1000,563&ssl=1 "Consider Shorting AVGO Puts as Broadcom Prepares for July 15 Stock Split – The Company Appears Undervalued")
