Travis Hoium

So gambling is probably the right way to go.

The answer can be both.

I think this is what makes investing both fun and challenging is that I think we really like to look at those individual companies.

So I would love to say, hey, I'm going to be able to pick the winner in any given space.

But the reality isn't something I've learned over decades of investing at this point is you can get the theme right, the industry trend right,

and get the individual stock wrong.

So I think the idea of using baskets is not a bad idea.

I don't know if this is necessarily the best basket to be buying right now in May, 2026, but it definitely tells a story about what's going on with the market.

Taiwan Semiconductor has got to be number one because almost every one of these companies are going to be reliant on Taiwan Semiconductor in one way or another, whether they're an equipment company like ASML selling to Taiwan Semiconductor or they're a customer.

So that's probably going to be the company to watch.

Now, that is a little bit more of a capital.

capital-intensive business.

It is also at least a little bit cyclical, but probably not going to be nearly as cyclical as something like a Micron or like a SanDisk.

So that would at least be kind of the bellwether.

And if I only had to pick one, that would definitely be the one.

Well, this is AI, I think is very confusing for investors right now because there is a ton of tailwinds and that is completely undeniable.

You look at what's going on with, you know, particularly memory is really hot right now.

Those prices are going crazy, margins are going up, but you have to look historically and what's sustainable and what's not sustainable.

So I actually pulled all 11 of these companies.

If you added up their free cashflow in 2023, so before this current wave,