Six themes the street is sleeping on for H2 2026. Everyone's chasing the AI chips. The alpha is in the physical bottlenecks and the next frontiers.

1/ CPO — Co-Packaged Optics**
Optics moves onto the chip package — less power, less heat. Market still prices these as boring telecom names. SV is privately funding optical startups right now. That's the signal.
$LITE $COHR $AVGO $MRVL $MTSI $CRDO $ALAB $TSEM $FN $POET

**2/ 800VDC Power Semis**
NVIDIA is killing the 48V bus entirely. Direct 800V-to-rail. The GaN + SiC makers who enable it become critical infrastructure.
$NVTS $MPWR $ON

**3/ Physical AI — Humanoids & Robotics**
OEMs are private, actuators sit in China/Japan. The US owns the picks and shovels — brain, eyes, motion, magnets.
🧠 $NVDA $QCOM $AMBA
👁 $CGNX $INVZ
⚙️ $NOVN $MOG.A
🧲 $MP
🤖 $TSLA $TER $SYM

**4/ Glass Substrate / Advanced Packaging**
Organic substrates are dead for next-gen. Glass is the only path to HBM4 + CPO at scale. 2026 is year one of production.
$ONTO $GLW $CAMT $FORM

**5/ Space**
Launch costs cratered 90%+. Defense budgets pivoted to orbit. SpaceX IPO is the gravitational pull for the whole sector.
$RKLB $LUNR $PL $KTOS $TDY

**6/ Quantum**
The inflection year — labs to real revenue. IonQ just became the first $100M+ revenue quantum name. ⚠️ Highest beta here by far — speculative sleeve only, size accordingly. These names move 10-15% on no news.
$IONQ $RGTI $QBTS $QUBT $IBM

The component layer reprices first — always. $VPG tripled before anyone talked humanoids. Same pattern plays out across every one of these.

Not financial advice. Do your own work.

Ride the Vertical. Short the Blowoff.