AI Infrastructure Scan

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AI Infrastructure Scan

Scan symbols 39
AMTANETAPHAWKCATCEGCLSCRDOCSCODLRECLEMEEQIXETNFCXFIXFSLRGLWGNRCLITEMLMMODNBISNEENOKOKLOONOSSPWRSCCOSMRTELTLNTTVMCVRTVSTWOLFEXYL
Watchlists 1
@ai-infrastructure
raw scan snapshot — prices as of scan date, not live 86 rows · screens, not recommendations superseded by2026-05-01-ai-infrastructureported fromresearch/classic/scans/_archive/2026-04-28-ai-infrastructure.mdscan slugai-infrastructuresource typescan-archive

The physical AI buildout is now a confirmed multi-quarter supercycle: VRT +75.6% 3M (RSI 68), CRDO +89% 30D, ON +67.6% 30D (RSI 76), FIX +35% 30D, NOK +42% 30D (RSI 73), CLS +40.5% 30D, ANET +42.3% 30D — but speculative nuclear is in freefall (SMR -52% 3M, -83% from ATH) and FCX cracked (-13.9% 7D, RSI 39). The picks-and-shovels trade is dispersing: cooling/networking/optical bid relentlessly, while pure-play SMR and copper take a breather.

Quick Snapshot

Signal Reading
Overall 🟠 PHYSICAL AI SUPERCYCLE EXTENDING — Power, cooling, networking, optical interconnects, data center construction all confirmed in synchronized breakout. Specific names diverging from breadth — copper (FCX) and SMR collapsing.
Leaders CRDO (+89.0% 30D, RSI 59), ON (+13.2% 7D, +67.6% 30D, RSI 75.5↑), NOK (+42.0% 30D, RSI 73↑), ANET (+42.3% 30D, RSI 60), CLS (+40.5% 30D, RSI 53), FIX (+35.0% 30D, RSI 62), MOD (+17.3% 30D), SCCO (+10.4% 7D, +11.1% 30D), GLW (+19.1% 30D), EME (+23.3% 30D, RSI 66), CAT (+22.8% 30D, RSI 65), ETN (+20.2% 30D, RSI 63)
Laggards SMR (-11.1% 7D, -20.0% 30D, -51.7% 3M, RSI 36↓, -83% from ATH), FCX (-13.9% 7D, RSI 39↓), AMT (-2.3% 7D, death cross), GLW (-5.5% vs SMA20 — pullback), AWK (-4.4% 30D, RSI 47), ECL (RSI 44), NBIS (-9.7% 7D)
Key insight Three sub-themes are simultaneously breaking out: (1) cooling/HVAC (VRT +75.6% 3M, MOD +34.1% 3M, TT +22.9% 3M); (2) networking/connectivity (NOK +79.7% 3M, ANET +42.3% 30D, TEL +15.2% 30D); (3) electrical construction (FIX +46.8% 3M, EME +18.3% 3M, PWR +26.8% 3M, CAT +23.2% 3M). Picks-and-shovels has graduated from thesis to trade.

Price Table

Power & Cooling Infrastructure

Stock Price 7D% 30D% 3M% RSI vs SMA20 Trend Signal
VRT $299.96 +13.1% +13.3% +75.6% 68.2 +12.8% strong-up 🟠 Vertiv: cooling — RSI 68, +310% 1Y
TT $472.94 +8.2% +12.2% +22.9% 68.9 +10.0% strong-up 🟠 Trane HVAC — RSI 69, near ATH (-1.3%)
ETN $413.07 -0.1% +20.2% +16.9% 63.2 +4.4% strong-up 🟠 Eaton electrical infra — RSI 63
GNRC $217.12 +1.4% +17.1% +27.7% 57.9 +4.5% strong-up 🟡 Generac backup power — RSI 58
ON $93.30 +13.2% +67.6% +50.0% 75.5 ↑ +20.7% strong-up 🔴 onsemi power chips — RSI 76, near ATH (-7%)
MOD $237.06 -3.3% +17.3% +34.1% 51.9 -0.6% strong-up 🟡 Modine thermal — RSI 52, +1356% 5Y
NEE $96.51 +3.0% +4.9% +10.2% 63.2 +3.7% strong-up 🟠 NextEra AI grid — RSI 63, near ATH (-1.2%)
AWK $132.67 -0.2% -4.4% +3.5% 46.9 -1.2% down 🟡 American Water — flat, not AI-levered

Networking & Connectivity

Stock Price 7D% 30D% 3M% RSI vs SMA20 Trend Signal
ANET $165.29 -0.5% +42.3% +11.6% 60.1 +7.9% strong-up 🟠 Arista cloud networking — RSI 60, -8% from ATH
CSCO $86.86 -0.1% +13.4% +11.3% 60.1 +3.3% strong-up 🟠 Cisco AI refresh — RSI 60
NOK $11.30 +2.0% +42.0% +79.7% 73.3 ↑ +15.1% strong-up 🔴 Nokia — RSI 73, at 52wk high (-0.09%), +128% 1Y
TEL $234.33 +9.7% +15.2% -1.0% 67.6 +12.0% strong-up 🟠 TE Connectivity — RSI 68
APH $143.72 -4.0% +20.6% -3.7% 52.1 +1.3% strong-up 🟡 Amphenol connectors — RSI 52

Optical Interconnects (Hottest Subsector)

Stock Price 7D% 30D% 3M% RSI vs SMA20 Trend Signal
CRDO $165.92 +0.8% +89.0% +28.2% 58.9 +14.6% up 🟠 Credo coherent optics — RSI 59, +244% 1Y, death cross still in
LITE $791.37 -1.2% +20.9% +107.5% 48.4 -6.3% strong-up 🟢 Lumentum — RSI 48 healthy after +107% 3M run, -17.6% from ATH
CLS $361.54 +5.6% +40.5% +20.5% 52.6 +1.0% strong-up 🟠 Celestica AI server mfg — RSI 53, +284% 1Y
GLW $153.05 +0.7% +19.1% +48.9% 47.1 -5.5% strong-up 🟢 Corning fiber — RSI 47, healthy entry, +240% 1Y
NBIS $135.51 -9.7% +46.9% +42.8% 49.2 -3.7% strong-up 🟡 Nebius AI cloud — RSI 49, -19.7% from ATH

Data Center REITs

Stock Price 7D% 30D% 3M% RSI vs SMA20 Trend Signal
EQIX $1,076.40 -0.4% +11.7% +31.0% 62.0 +2.0% strong-up 🟠 Equinix — RSI 62, -4.6% from ATH
DLR $194.58 -3.2% +11.1% +17.0% 57.9 +1.0% strong-up 🟠 Digital Realty — RSI 58, healthy after run
AMT $178.40 -2.3% +5.8% -0.6% 52.0 +1.2% strong-down 🟡 American Tower — death cross, not AI-levered

Electrical Construction & EPC

Stock Price 7D% 30D% 3M% RSI vs SMA20 Trend Signal
FIX $1,719.21 +5.6% +35.0% +46.8% 61.8 +7.3% strong-up 🟠 Comfort Systems MEP — RSI 62, +299% 1Y
EME $863.78 +6.0% +23.3% +18.3% 65.7 +6.6% strong-up 🟠 EMCOR electrical construction — RSI 66
PWR $591.82 +3.7% +3.1% +26.8% 62.0 +4.2% strong-up 🟠 Quanta power grid — RSI 62
CAT $817.87 +1.6% +22.8% +23.2% 65.1 +5.0% strong-up 🟠 Caterpillar — RSI 65, data center site prep
VMC $297.15 +5.8% +11.7% -0.3% 64.7 +8.7% strong-up 🟡 Vulcan Materials — RSI 65
MLM $614.04 -2.7% +7.1% -5.9% 50.6 0.0% strong-down 🟡 Martin Marietta — death cross, neutral

Energy for AI (Nuclear & Solar)

Stock Price 7D% 30D% 3M% RSI vs SMA20 Trend Signal
CEG $305.71 +11.7% +2.4% +6.5% 55.3 +5.6% weak-up 🟡 Constellation nuclear — RSI 55, -25.9% from ATH, death cross
VST $158.20 +2.2% -2.2% -6.3% 51.7 +2.0% strong-down 🟡 Vistra — RSI 52, -28% from ATH, death cross
TLN $326.08 -0.7% +2.7% -13.0% 48.6 +1.0% strong-down 🟡 Talen Energy — RSI 49, -27.7% from ATH, death cross
OKLO $69.09 +12.1% +51.6% -19.7% 56.3 +15.9% weak-up 🟡 Oklo +51.6% 30D bounce — but -64.4% from ATH, death cross
SMR $9.58 -11.1% -20.0% -51.7% 36.5 ↓ -10.8% strong-down 🔴 NuScale -83.3% from ATH. SMR thesis collapsing.
FSLR $195.86 +2.3% +6.0% -12.6% 49.9 +0.2% strong-down 🟡 First Solar — RSI 50, -31.5% from ATH, IRA tariff risk
WOLF $24.15 +25.3% +31.7% +23.9% 67.3 +32.4% neutral 🟡 Wolfspeed SiC — speculative bounce, no SMA200 yet

Commodities / Mining for AI

Stock Price 7D% 30D% 3M% RSI vs SMA20 Trend Signal
FCX $58.21 -13.9% +6.8% -10.4% 39.1 ↓ -10.0% weak-down 🟡 Freeport copper — RSI 39, -14% 7D, tariff risk
SCCO $196.38 +10.4% +11.1% +10.3% 62.0 +14.1% strong-up 🟠 Southern Copper — RSI 62, +142% 1Y
XYL $128.85 +6.0% +6.4% -7.7% 60.7 +5.4% weak-up 🟡 Xylem water tech — RSI 61
ECL $266.96 -2.5% +1.7% -5.4% 44.2 -1.2% down 🟡 Ecolab data center water — RSI 44, neutral

AI-Levered Software (in this scan context)

Stock Price 7D% 30D% 3M% RSI vs SMA20 Trend Signal
OSS $9.27 -4.1% +28.6% -12.7% 50.2 +4.3% strong-up 🟡 One Stop Systems AI edge — RSI 50

Tier Analysis

Capitulation / Extreme Oversold (RSI < 40)

  • SMR (RSI 36.5, -83.3% from ATH, -51.7% 3M) — NuScale freefall continues. SMR commercialization timeline is years from any commercial cashflow. Avoid.
  • FCX (RSI 39.1, -13.9% 7D, -10.4% 3M) — Freeport copper pulling back hard on tariff fears. Copper is essential for AI buildout — power wiring, cooling, packaging.

Oversold — Approaching Entry (RSI 40-55)

  • ECL (RSI 44.2) — data center water treatment, neutral.
  • AWK (RSI 46.9) — rate-regulated, not AI-levered.
  • GLW (RSI 47.1, +48.9% 3M) — Corning healthy pullback after run.
  • LITE (RSI 48.4, +107.5% 3M) — Lumentum digesting massive run, healthy RSI.
  • TLN (RSI 48.6) — Talen, death cross.
  • NBIS (RSI 49.2) — Nebius pullback after +47% 30D.
  • FSLR (RSI 49.9) — First Solar facing policy risk.
  • MLM (RSI 50.6) — Martin Marietta neutral, death cross.
  • OSS (RSI 50.2) — speculative AI edge.
  • VST (RSI 51.7) — Vistra death cross.
  • AMT (RSI 52.0) — American Tower death cross.
  • APH (RSI 52.1) — Amphenol healthy.
  • MOD (RSI 51.9) — Modine thermal management, +1356% 5Y, healthy.
  • CLS (RSI 52.6) — Celestica, +284% 1Y.

Healthy / Confirmed Uptrend (RSI 55-65)

Extended / Approaching Overbought (RSI 65-75)

Extreme / Overbought (RSI > 75)

  • NOK (RSI 73.3, +42% 30D, +79.7% 3M) — Nokia at 52wk high. Telecom infra parabolic.
  • ON (RSI 75.5, +67.6% 30D, +50% 3M) — onsemi power chips. Most extended in scan.

Entry Zones

Stock Current Entry Zone RSI 30D% Action Thesis
LITE $791.37 $750-800 48.4 +20.9% ✅ Strong Buy RSI 48 healthy after +107% 3M run. Optical interconnects essential for AI bandwidth. Best risk/reward in the scan.
GLW $153.05 $145-160 47.1 +19.1% ✅ Strong Buy RSI 47, +48.9% 3M but pulled back. Corning fiber + glass — broad AI exposure
FCX $58.21 $54-60 39.1 ↓ +6.8% 📈 Accumulate RSI 39 oversold, -13.9% 7D. Copper unavoidable in AI buildout.
NEE $96.51 $92-97 63.2 +4.9% 📈 Accumulate AI grid utility, golden cross, near ATH. Steady RSI 63.
GNRC $217.12 $205-218 57.9 +17.1% 📈 Accumulate Backup power for data centers. Golden cross, RSI 58.
MOD $237.06 $220-240 51.9 +17.3% 📈 Accumulate Thermal management, RSI 52, golden cross, +1356% 5Y.
ETN $413.07 $390-415 63.2 +20.2% 📈 Accumulate Eaton electrical infra — RSI 63 healthy.
VST $158.20 $145-160 51.7 -2.2% 🔍 Watch Vistra -28% from ATH. Death cross — wait for SMA200 reclaim.
CEG $305.71 $285-310 55.3 +2.4% 🔍 Watch Nuclear AI power thesis real — but death cross intact.
OKLO $69.09 — 56.3 +51.6% ⏳ Waiting +51.6% 30D bounce, but -64% from ATH and death cross. Wait for trend reclaim.
CRDO $165.92 Wait for $130-150 58.9 +89.0% ⏳ Waiting +89% 30D — phenomenal thesis, terrible entry. Wait.
NOK $11.30 Wait for $9.50-10 73.3 ↑ +42.0% ⏳ Waiting RSI 73 at 52wk high. Wait for pullback to SMA50 ($8.70).
ON $93.30 Wait for $77-85 75.5 ↑ +67.6% ⏳ Waiting RSI 76 most extreme — wait for SMA50 ($69) bounce.
SMR $9.58 — 36.5 ↓ -20.0% ❌ Don't Buy -83% from ATH. Strong-down. SMR commercialization broken.

Action Matrix

Stock Signal Action Notes
ON 🔴 ⚠️ Avoid RSI 76, +67.6% 30D — most overbought in scan
NOK 🔴 ⚠️ Avoid RSI 73 at 52wk high, +42% 30D — wait for pullback
CRDO 🟠 ⚠️ Avoid +89% 30D parabolic optical play — great thesis, wrong entry
EQIX 🟠 🔒 Hold RSI 62, +31% 3M — data center REIT, hold winners
ANET 🟠 🔒 Hold RSI 60, +42.3% 30D — cloud networking monopoly
VRT 🟠 🔒 Hold RSI 68 — cooling picks-and-shovels king
ETN 🟠 🔒 Hold RSI 63 — electrical infrastructure
FIX 🟠 🔒 Hold RSI 62, +35% 30D, +47% 3M — MEP construction monster
EME 🟠 🔒 Hold RSI 66, +23.3% 30D — electrical construction
CAT 🟠 🔒 Hold RSI 65, +22.8% 30D — data center site prep
LITE 🟢 ✅ Strong Buy RSI 48 after +107% 3M — best risk/reward
GLW 🟢 ✅ Strong Buy RSI 47 healthy — fiber + glass broad AI exposure
FCX 🟡 📈 Accumulate RSI 39 oversold — AI buildout = copper demand
NEE 🟠 📈 Accumulate RSI 63 — AI grid utility, golden cross
MOD 🟡 📈 Accumulate RSI 52, thermal management, +1356% 5Y
GNRC 🟡 📈 Accumulate RSI 58 — backup power for data centers
SMR 🔴 ❌ Don't Buy -83% from ATH, strong-down, RSI 37
FSLR 🟡 🔍 Watch RSI 50, -31.5% from ATH — solar policy risk
CEG 🟡 🔍 Watch RSI 55, death cross — nuclear thesis right but technicals mixed
OKLO 🟡 🔍 Watch +51.6% 30D bounce but -64% from ATH, death cross
WOLF 🟡 🔍 Watch SiC bounce — speculative, no SMA200 yet

Cross-Theme Analysis

Three sub-themes are simultaneously breaking out on 2026-04-28:

1. Cooling/HVAC Supercycle

  • VRT +75.6% 3M (RSI 68, +310% 1Y) — Vertiv is the picks-and-shovels king. Liquid cooling for AI racks.
  • MOD +34.1% 3M (RSI 52, +1356% 5Y) — Modine thermal management. Underbid but quietly delivering.
  • TT +22.9% 3M (RSI 69) — Trane HVAC. Near ATH.
  • AI rack power densities are climbing past 100kW; air cooling is breaking. Liquid + immersion cooling has 3-5 years of capacity-constrained runway.

2. Networking/Connectivity Bid

  • NOK +79.7% 3M (RSI 73, at 52wk high) — Nokia telecom infra surge.
  • ANET +42.3% 30D (RSI 60) — Arista cloud networking.
  • TEL +15.2% 30D (RSI 68) — TE Connectivity connectors.
  • CSCO +13.4% 30D (RSI 60) — Cisco AI refresh cycle.
  • CRDO +89% 30D — Credo coherent optics (parabolic, don't chase).
  • The bandwidth between GPUs is the constraint nobody talked about a year ago. Now it's the trade.

3. Electrical Construction & Site Prep

  • FIX +46.8% 3M (RSI 62, +299% 1Y) — Comfort Systems MEP construction.
  • EME +18.3% 3M (RSI 66) — EMCOR electrical contractor.
  • PWR +26.8% 3M (RSI 62) — Quanta power grid construction.
  • CAT +23.2% 3M (RSI 65) — Caterpillar earthmoving for data center sites.
  • These are 2-4 year backlog businesses now. Once contracted, the revenue is locked.

Counter-trend: The Specifics Diverging from Breadth

  • SMR -51.7% 3M, -83% from ATH — Pure-play SMR thesis broken on commercialization timeline.
  • FCX -13.9% 7D, RSI 39 — Copper miners pulling back on tariff fears, even though copper is unavoidable for AI buildout. Asymmetric setup.
  • AMT -3.3% vs SMA200, death cross — Cell tower REITs not sharing the data center REIT bid.

What's NOT Working Yet

  • Nuclear pure-plays (CEG -25.9% from ATH, VST -28% from ATH, TLN -27.7% from ATH) — death crosses still in. Story still right, technicals broken.
  • Solar (FSLR -31.5% from ATH) — IRA tariff overhang.

What Changed vs 2026-04-26

Two days later, the picture mostly extended in the same direction with two notable rotations:

  • CRDO cooled from RSI 78 → 59 while still up +89% 30D (was +87.7%). The 30D return barely moved but the daily extreme rolled off. This is the right shape for sustained leadership.
  • ON broke out further — from RSI 70 to 75.5, +67.6% 30D (was +21.0% 30D 2 days ago in some readings — the move accelerated on the new latest data). onsemi is now the most overbought reading in the scan.
  • NOK extended to RSI 73 with +42% 30D (was +24% 30D).
  • CAT moved up — RSI 65, +22.8% 30D (was +15.8% 30D).
  • CRDO at RSI 59 (was 78) and LITE at RSI 48 (was 58) — the optical pair is digesting the parabolic 3M moves at healthy levels. LITE remains the best risk/reward in the scan.
  • FCX rolled over — RSI 39 (was 44.1), -13.9% 7D (was -13.8%). The copper miner pullback is deepening rather than recovering.
  • SMR extended its breakdown — -11.1% 7D, -20% 30D, RSI 36 (was 36.5). The SMR thesis continues to deteriorate.
  • CLS moved to RSI 53 from 74 with +40.5% 30D — the digestion is setting up a re-entry.
  • VRT, TT, ANET, ETN, FIX, EME, MOD, EQIX, DLR all sustained — the breadth is real and durable.

Net read: the AI infrastructure trade is rotating internally rather than topping. Names that were RSI 75-80 cooled to 50-65 while newer names (ON, NOK) entered the overbought list. The dispersion within the theme is healthy, suggesting the trade has 1-2 more quarters of runway before mean reversion. The setup of the day is GLW + LITE + FCX + MOD — high-quality AI infrastructure exposure at non-extreme RSIs, with the rest of the basket extended.

The Gold

Key Discoveries

Discovery Implication
LITE at RSI 48 with +107.5% 3M The cleanest entry into AI optical interconnects — uncommon to see RSI healthy after a doubling
ON +67.6% 30D, RSI 75.5 Power semis is the new chase — wait for pullback, don't initiate here
NOK at 52wk high (-0.09%) with RSI 73 Telecom infra rerating — Nokia +128% 1Y on AI backbone thesis
FCX RSI 39 vs SCCO RSI 62 Copper miners diverging — Freeport pulling back, Southern Copper still extending
CRDO digestion (RSI 78 → 59 in 2 days) Healthy pullback in parabolic optical play — entry zone setting up at $130-150

Mistakes (Don't Repeat)

Mistake Lesson
Chasing CRDO at RSI 78 Parabolic optical names need pullback to ~SMA50 before entry
Buying SMR on the dip SMR commercialization is a 5-10 year story — not a tradable bottom
Treating CEG/VST/TLN as the same thesis as NEE Existing nuclear capacity (NEE, CEG) ≠ pure-play power utilities mid-rerate

Open Questions

  • Will FCX and SCCO converge — does FCX catch up, or does SCCO roll over to FCX level?
  • Is LITE truly the best risk/reward, or has the optical theme already played out for 2026?
  • Will WOLF (SiC, no SMA200 yet) see a bear-trap rip or fail again?
  • When do CEG / VST / TLN reclaim SMA200 and get back in trend?
  • Is ON's +67.6% 30D the late-cycle blowoff or the start of a power-semi supercycle?
10 events
DateTypeEvent
Apr 26 ScanAI Infrastructure Scan Apr 13 ScanAI Infrastructure Scan Mar 31 ScanAI Infrastructure Scan Mar 20 ScanAI Infrastructure Scan May 1 ScanAI Infrastructure Scan Mar 12 ScanAI Infrastructure Scan Mar 11 ScanAI Infrastructure Scan Mar 24 ScanAI Infrastructure Scan Jul 11 ScanAI Infrastructure Scan Mar 13 ScanAI Infrastructure

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