AI Infrastructure Trade Broadens as Memory Cycle Turns and Neocloud Names Show 'Green Shoots'
Analyst upgrades across DRAM, data-center plumbing and GPU-cloud operators point to a widening AI capex trade — but sell-side commentary increasingly frames the LLM spending cycle as a sustainability question rather than a given.
A cluster of research notes flags a bullish reversal in DRAM and AI memory/storage, an upgrade of Watts Water Technologies on data-center-driven demand, and cautiously constructive views on CoreWeave and Nebius. At the same time, commentary on European tech exposure warns that valuations now embed an assumption that hyperscaler LLM capex remains durable.
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