$MAMA
$ORCL (+1,37%)
$SNPS (+1,07%)
$GME (+0,21%)
$CHWY (+2,97%)
$ADBE (+1,35%)

Trump recently organized a big dinner with the most important minds from the tech world, which caused quite a stir worldwide. It was particularly striking that all the guests gave a kind of acceptance speech to Trump, which was a bit reminiscent of the GDR and the like.

Although I'm actually still quite sympathetic to Trump (he's at least not half as embarrassing as most European heads of government), I still find it a bit strange. It does seem a bit like a staged soap opera.

I mean, it's clear that as a serious businessman you exchange formal courtesies on such an occasion and don't go completely crazy and start insulting the president or something. So it's not entirely funny. But I also kind of wonder who came up with the idea that everyone should say a few words in turn? I mean, they can't help but say something nice. Still, it's kind of a funny picture howt Bill Gates has to attest to Trump's "great leadership".

Among others also present were Sam Altman ($AMD (+0,68%) ) Lisa Su ($AAPL (-0,04%) ) Tim Cook ($ORCL (+1,37%) ) Safra Catz and ( $MU (+0,76%) ) Sanjay Mehrotra

But more important than who was there is actually who was missing. The press noted with great satisfaction that ($TSLA (+0,65%) ) Elon Musk was not there and speculated that he had not even been invited - which Musk has already denied. ($NVDA (+0,7%) ) Jensen Huang and ($AMZN (+0,29%) ) Andy Jassy were also not on site.

Trump is definitely seeking proximity to the tech industry. The behavior of ($META (+0,73%) ) Mark Zuckerbergwho took the place of honor to Trump's right, but actually seemed frightened rather than confident. Another important moment was a brief conversation between Trump and ($GOOG (+0,33%)
$GOOGL (+0,26%) ) Sundar Pichai regarding a federal judge's ruling this week in an antitrust case involving Google's monopoly on search. The judge handed down a lenient sentence and rejected the demands for harsh penalties. The company thus escaped being broken up.

"You had a very good day yesterday," said Trump. "Do you want to talk about that great day you had yesterday?" He was glad it was over, Pichai replied. "Biden was the one who pushed this lawsuit,"Trump said. "You know that, right?"

So Trump is pursuing a Bismarckian carrot and stick policy with the tech CEOs. Those who get in line get help from the state, those who step out of line are reprimanded.

$META (+0,73%)

Hello folks,

AI is not just a pipe dream, AI is a reality.

And the DeepSeek narrative from a year ago has also disappeared.

I hope you are well invested in the shovel manufacturers who are building the infrastructure for the big 7. And supply them with electricity.

Meta secures nuclear power for data centers

$CEG (+1,48%)
$VST (+1,04%)

https://www.tagesschau.de/wirtschaft/energie/meta-atomstrom-100.html

$TLNE

Talen Energy - Power producer signs long-term contract with Amazon Web Services.

https://aktienmagazin.de/blog/analystenempfehlungen/talen-energy-stromproduzent-schliest-langfristigen-vertrag-mit-amazon--152080.html

$EQT (+0,33%)

EQT becomes energy supplier of the next AI era - Pennsylvania relies on gas instead of wind or solar.

$GEV (+1,47%)

GE Vernova is supplying seven @Simpson Homer City with seven high-performance turbines, while Kiewit Power is responsible for construction. This infrastructure lays the foundation for Pennsylvania to serve as a reliable supply location for hyperscalers and AI providers.

https://aktienmagazin.de/nachrichten/hot-news/eqt-wird-energielieferant-der-nachsten-ki-ara-pennsylvania-setzt-auf-g-149150.html

HOCHTIEF subsidiary builds mega data center for Meta in the USA

$HOT (-0,18%)

https://www.hochtief.de/aktuelles-medien/pressemitteilungen/pressemitteilung/hochtief-tochter-baut-in-den-usa-mega-rechenzentrum-fuer-meta

data centers

$NVDA (+0,7%)

NVIDIA Corp ('US67066G1040')

A dominant player: Hardly any AI data center runs without Nvidia

$TLNE

Talen Energy Corp ('US87422Q1094')

Talen Energy - Power producer signs long-term contract with Amazon Web Services.

$APLD (+6,12%)

Applied Digital Corp ('US0381692070')

Applied Digital: AI data centers as growth driver

$LITE (+0,2%)

Lumentum Holdings Inc ('US55024U1097')

Lumentum Holdings is a beneficiary of demand for data center infrastructure

$BTDR (+0,92%)

Bitdeer Technologies Group ('KYG114481008')

Bitdeer grows rapidly: hashrate doubled, but losses still rise significantly

$ALAB

Astera Labs Inc ('US04626A1034')

Astera Labs goes from insider tip to profit rocket! The AI connectivity star conquers billion-dollar markets!

$IFX (+0%)

Infineon Technologies AG ('DE0006231004')

Infineon convinces with green technology in a difficult environment

$TTR1 (-1,53%)

technotrans SE ('DE000A0XYGA7')

Technotrans: Ice cold back on the road to success

$HOT (-0,18%)

Hochtief AG ('DE0006070006')

Hochtief - Infrastructure investments worth billions are growth drivers.

$FLEX (+0,56%)

Flex Ltd ('SG9999000020')

Flex: Contract manufacturer with power - Data center boom drives share to new heights.

$ORCL (+1,37%)

Oracle Corp ('US68389X1054')

DEPOT BRIEFING: Meta Platforms (META;i) to build giga data center. Investments in AI infrastructure remain high.

$PRIM (+0,25%)

Primoris Services Corp ('US74164F1030')

DEPOT BRIEFING: Meta Platforms (META;i) to build giga data center. Investments in AI infrastructure remain high.

$VST (+1,04%)

Vistra Energy Corp ('US92840M1027')

DEPOT BRIEFING: Meta Platforms (META;i) to build giga data center. Investments in AI infrastructure remain high.

$EQT (+0,33%)

EQT Corp ('US26884L1098')

EQT becomes energy provider of the next AI era - Pennsylvania turns to gas instead of wind or solar

$AMZN (+0,29%)

Amazon.com Inc ('US0231351067')

Strategy on multiple fronts! Amazon cools GPUs, invests in Anthropic and fills shopping carts during Prime Days!

$STX (+0,27%)

Seagate Technology Holdings PLC ('IE00BKVD2N49')

Seagate - Irish to significantly improve margins and sales again in H2 with new technology.

$ECL (+0,21%)

Ecolab Inc ('US2788651006')

With 3D TRASAR Technology against water waste: How Ecolab is making data centers smarter.

$AAOI (+0%)

Applied Optoelectronics Inc ('US03823U1025')

Applied Optoelectronics reports production milestone and growth in the data center sector

$IESC (-0,16%)

Data centers as growth engine: IES Holdings continues to grow strongly and shines with increasing margins!

$VRT (+1,91%)

WHERE KI CALCULATES, VERTIV COOLS: LIQUID COOLING SYSTEMS FUEL RECORD RESULTS AND A FORECAST INCREASE FOR 2025!

$EME (+1,62%)

ENERGY INFRASTRUCTURE PROVIDER EMCOR BENEFITS FROM US INFRASTRUCTURE PROGRAM AND DATA CENTER MAINTENANCE

$FIX (+0,29%)

COMFORT SYSTEMS BENEFITS FROM THE CONSTRUCTION OF NEW DATA CENTERS AND CHIP FACTORIES - EARNINGS RECORD IN THE SEASONALLY WEAKEST PERIOD!

In a small town in Louisiana, Mark Zuckerberg is having the largest artificial intelligence data center ever built for Meta on agricultural land. It is the size of 70 soccer pitches and cost 10 billion dollars.

Rayville is a town in north-eastern Louisiana in the USA that is experiencing a declining population. In the 2020 census, the population was 3347, down almost 21 percent from 4234 in 2000.

However, this is now likely to change. The state regulatory authorities approved a controversial plan to supply power to the largest artificial intelligence data center to date, which is being built by technology company Meta. This clears the way for the construction of three gas-fired power plants. This was reported by the portal "Nola".

The project is being built on a former agricultural area of around 70 soccer pitches. It is expected to cost around 10 billion dollars (approx. 8.6 billion euros). Meta CEO Mark Zuckerberg has announced plans to further expand the area so that it would be comparable to the size of Manhattan. The company is plunging headlong into the high-risk race for supremacy in the emerging AI sector.

"We chose Louisiana as the location for our largest data center to date for a variety of reasons, including excellent infrastructure connectivity, a strong labor base and a reliable power grid," said a Meta spokeswoman.

Criticism of Meta plans

However, the project in Richland Parish has met with criticism due to its enormous energy requirements, among other things. Davante Lewis was the only person to vote against the plan. He said the agreement leaves fundamental questions unanswered that are "too bitter to swallow", "Nola" quotes him as saying.

https://www.focus.de/finanzen/in-ort-mit-3347-einwohnern-entsteht-fuer-10-milliarden-dollar-groesstes-ki-rechenzentrum_e9ff4911-4348-48b8-9903-9038e11fcefa.html

After my first post on humanoid robots received a lot of positive feedback, I went into more detail. I have subsequently added my favorites in each sector.

Extended analysis of the value chain including shovel manufacturers and potential hidden champions

New categorySecondary key sectors (sales, marketing, financing)

AdditionallyTop 25 companies worldwide, as well as Top 10 Europe and Top 10 Asia

I have also added a video link for beginners. This will give you an idea of how far the development of humanoid robotics has already progressed.

https://www.stern.de/panorama/wissen/humanoider-roboter---wie-reagiert-er-auf-beleidigungen--35996156.html

Thank you for your attention and your support 🙏

🌐 1. value chain of humanoid robots (with hidden champions)

1. research & chip design

$ARM (+0,59%) ARM (UK) - CPU-IP, energy-efficient processors

$SNPS (+1,07%) Synopsys (US) - EDA software, chip design

$CDNS (+0,73%) Cadence (US) - EDA & Simulation

$PTC PTC (US) - Engineering Software, CAD/PLM

$DSY (+2,98%) Dassault Systèmes (FR) - 3D Design & Digital Twin

$SIE (-0,49%) Siemens (DE) - Industrial Software & Lifecycle Mgmt

$ADBE (+1,35%) Adobe (US) - Design, AR/UX

ANSYS (US) - multiphysical simulation - acquisition by Synopsis

Altair (US) - CAE, simulation, digital twin - acquisition by Siemens

$HXGBY (+0,25%)
Hexagon (SE) - Metrology & Simulation

$AWE (+0%) Alphawave IP Group (UK) - High-speed chip IP for AI/robotics

1.Synopsis, 2.Siemens and 3.Adobe are my top 3 in this sector

2. manufacturing technology & equipment

$ASML (+0,54%) ASML (NL) - Lithography (EUV)

$AMAT (+0,3%) Applied Materials (US) - Semiconductor equipment

$8035 (+1,16%) Tokyo Electron (JP) - wafer fabrication

$KEYS (+0,43%) Keysight Technologies (US) - Metrology

$6857 (+6,91%) Advantest (JP) - Chip test systems

$TER (+0,25%) Teradyne (US) - test systems + cobots

$6954 (-0,21%) Fanuc (JP) - Industrial robots, CNC

$CAT (+0%) Caterpillar (US) - autonomous machines

$KU2G KUKA (DE) - industrial robots

Comau (IT) - automation - not listed on the stock exchange

$ROK Rockwell Automation (US) - industrial automation

$JBL (+0,04%) Jabil (US) - contract manufacturing (EMS/ODM)

$KIT (+1,14%) Kitron (NO) - European EMS/ODM manufacturer

$AIXA (+0,14%) Aixtron (DE) - deposition equipment for compound semiconductors

$LRCX (+0,38%)
Lam Research (US) - Etch/deposition systems

$MKSI (+0,16%)
MKS Instruments (US) - Plasma/vacuum technology

$ASM (+0,22%)
ASM International (NL) - Deposition systems

1.ASML, 2.Keysight Technologies, 3.Fanuc are my top 3 in this sector

3. chip manufacturing (foundries)

$TSM (+0,24%) TSMC (TW) - leading foundry

$005930 Samsung Electronics (KR) - foundry + memory

$GFS (+0,23%) GlobalFoundries (US) - specialty chips

$INTC (+1,07%)
Intel Foundry Services (US) - new western foundry player

$981
SMIC (CN) - largest Chinese foundry

$UMC
UMC (TW) - Power/RF/Embedded chips

1.TSMC, 2.Intel, 3.Samsung Electronics are my top 3 in this sector

4. computing & control unit ("brain")

$NVDA (+0,7%) Nvidia (US) - GPUs, AI chips

$INTC (+1,07%) Intel (US) - CPUs, FPGAs

$AMD (+0,68%) AMD (US) - CPUs, GPUs

$MRVL (+0,38%) Marvell (US) - Network Chips

$MU (+0,76%) Micron (US) - Memory

$DELL (+1,19%) Dell Technologies (US) - Edge & Infrastructure

Graphcore (UK) - AI chips (IPU) - not a listed company

Cerebras (US) - Wafer-scale engine - not a listed company

SiPearl (FR) - European HPC chip - not a listed company

1.Nvidia, 2.Marvell, 3.Micron are my top 3 in this sector

5. sensors ("senses")

$6758 (+0,66%) Sony (JP) - image sensors

$6861 (-1,21%) Keyence (JP) - Industrial sensors

$STM (+0,44%) STMicroelectronics (FR/IT) - Sensors, MCUs

$TDY Teledyne (US) - optical/infrared sensors

$CGNX (+0,36%) Cognex (US) - Machine Vision

$HON (+0,39%) Honeywell (US) - sensor technology, security

ANYbotics (CH) - autonomous sensor fusion - not a listed company

$AMBA (+0,53%) Ambarella (US) - video & computer vision SoCs for real-time image recognition

$OUST
Velodyne Lidar (US) - Lidar sensors - acquisition by Ouster

$AMS (-0,67%)
-OSRAM (AT/DE) - optical sensors

1.Teledyne, 2.Keyence, 3.Ouster are my top 3 in this sector

6. actuators & power electronics ("muscles")

$IFX (+0%) Infineon (DE) - Power Electronics

$ON (+0,43%) onsemi (US) - Power & Sensors

$TXN (+0,35%) Texas Instruments (US) - Mixed-Signal Chips

$ADI (+0,22%) Analog Devices (US) - Signal Processing

$PH Parker-Hannifin (US) - Hydraulics/Pneumatics

$MP (+0,94%) MP Materials (US) - Magnets

$APH (+0,18%) Amphenol (US) - Connectors

$6481 (-0,43%) THK (JP) - Linear guides & actuators

$6324 (-1,67%)
Harmonic Drive (JP) - Precision gears & servo drives for robotics

$6594 (-1,23%)
Nidec (JP) - Electric motors

$6506 (-0,78%)
Yaskawa (JP) - Drives & Robotics

$SU (+0,18%)
Schneider Electric (FR) - Energy & control solutions

$ZIL2 (+0,43%)
ElringKlinger (DE) - Battery & fuel cell technology, lightweight construction

1.Parker-Hannifin, 2.MP Materials, 3.Infinion are my top 3 in this sector

7. communication & networking ("nerves")

$QCOM (+0,26%) Qualcomm (US) - mobile communications, edge AI

$ANET (+0,64%) Arista Networks (US) - Networks

$CSCO (+0,36%) Cisco (US) - Networks, Security

$EQIX (+0,57%) Equinix (US) - Data centers

NTT Docomo (JP) - 5G/6G carrier - not a listed company

$VZ Verizon (US) - Telecommunications

$SFTBY SoftBank (JP) - Carrier + Robotics

$ERIC B (+1,98%)
Ericsson (SE) - 5G/IoT infrastructure

$NOKIA (+0,75%)
Nokia (FI) - 5G/6G for industry

$HPE (+0,12%)
Juniper Networks (US) - Network technology - acquisition by HP

1.Arista Networks, 2.SoftBank, 3.Cisco are my top 3 in this sector

8. energy supply

$3750 (-0,32%) CATL (CN) - Batteries

$6752 (+0,71%) Panasonic (JP) - Batteries

$373220 LG Energy (KR) - Batteries

$ALB (-7,19%) Albemarle (US) - Lithium

$LYC (+3,39%) Lynas (AU) - Rare earths

$UMICY (+1,9%) Umicore (BE) - Recycling

WiTricity (US) - inductive charging - not a listed company

$ABBN (-0,53%) Charging (CH) - charging infrastructure

$SLDP
Solid Power (US) - Solid state batteries

Northvolt (SE) - European batteries - not a listed company

$PLUG
Plug Power (US) - fuel cells

1.Albemarle, 2.CATL, 3.Panasonic are my top 3 in this sector

9. cloud & infrastructure

$AMZN (+0,29%) Amazon AWS (US) - Cloud, AI

$MSFT (+0,79%) Microsoft Azure (US) - Cloud, AI

$GOOG (+0,33%) Alphabet Google Cloud (US) - Cloud, ML

$VRT (+1,91%)
Vertiv Holdings (US) - Data center infrastructure (UPS, cooling, edge)

$ORCL (+1,37%)
Oracle Cloud (US) - ERP + Cloud

$IBM (+0,05%)
IBM Cloud (US) - Hybrid cloud + AI

$OVH (+5,06%)
OVHcloud (FR) - European cloud

1.Alphabet, 2.Microsoft, 3.Oracle are my top 3 in this sector

10. software & data platforms

$PLTR (+0,88%) Palantir (US) - Data integration

$DDOG (+0,9%) Datadog (US) - Monitoring

$SNOW (+0,31%) Snowflake (US) - Data Cloud

$ORCL (+1,37%) Oracle (US) - Databases, ERP

$SAP (+0,27%) SAP (DE) - ERP systems

$SPGI S&P Global (US) - financial/market data

ROS2 Foundation - robotics middleware - not listed on the stock exchange

$NVDA (+0,7%) NVIDIA Isaac (US) - robotics development - part of Nvidia

$INOD (-1,34%) Innodata (US) - data annotation & AI training data

$PATH (+0,7%)
UiPath (RO/US) - Robotic process automation

$AI (-0,48%)
C3.ai (US) - AI platform

$ESTC (-0,1%)
(NL/US) - Search & data analysis

1.S&P Global, 2.Palantir, 3.Datadog are my top 3 in this sector

11. end applications / robots

$ABB ABB (CH/SE) - Industrial Robots

$6954 (-0,21%) Fanuc (JP) - Industrial robots

$TSLA (+0,65%) Tesla Optimus (US) - humanoid robot

$9618 (+0%) JD.com (CN) - logistics robot

$AAPL (-0,04%) Apple (US) - Platform & UX

$700 (+1,69%) Tencent (CN) - Platform & AI

$9988 (+3,21%) Alibaba (CN) - logistics & platform

PAL Robotics (ES) - humanoid robots - not a listed company

Neura Robotics (DE) - cognitive humanoid robots - not a listed company

$TER (+0,25%) Universal Robots (DK) - cobots - belongs to the Teradyne Corporation

Engineered Arts (UK) - humanoid robots - not a listed company

$ISRG (+0,18%) Intuitive Surgical (US) - surgical robotics

$GMED (+0%)
Globus Medical (US) - surgical robotics (ExcelsiusGPS platform)

$7012 (-1,87%) Kawasaki Heavy Industries (JP) - industrial robots, automation

$CPNG (-0,66%) Coupang (KR) - Logistics end user

$IRBT (-0,34%)
iRobot (US) - consumer robotics (e.g. Roomba), non-humanoid, but navigation/sensor fusion

Boston Dynamics (US) - humanoid & mobile robots-no listed company

Hanson Robotics (HK) - humanoid robots (Sophia) - not a listed company

Agility Robotics (US) - humanoid robot "Digit" - not a listed company

1.Apple, 2.Tencent, 3.Alibaba are my top 3 in this sector

🛠 2. cross enablers (shovel manufacturers) - with hidden champions

Raw materials & battery materials

Albemarle - Lynas - Umicore

$SQM
SQM (CL) - Lithium

$ILU (+1,36%)
Iluka Resources (AU) - Rare earths

$ARR (-1,89%)
American Rare Earths (US/AU) - New supply chains

my number 1 in the sector is Albemarle

manufacturing technology

ASML - Applied Materials - Tokyo Electron

$LRCX (+0,38%)
Lam Research (US) - Plasma/etching processes

$ASM (+0,22%)
ASM International (NL) - ALD equipment

$MKSI (+0,16%)
MKS Instruments (US) - Plasma/vacuum technology

my number 1 in the sector is ASML

Quality assurance

Keysight - Advantest - Teradyne

$EMR (+0,31%)
National Instruments (US) - Measurement technology - from Emerson Electric adopted

$300567
ATE Test Systems (CN) - test systems

$FORM (+0,8%)
FormFactor (US) - Wafer probing

my number 1 in the sector is Keysight

Motion & Drive

Parker-Hannifin

Festo (DE) - Pneumatics, Soft Robotics - not a listed company

Bosch Rexroth (DE) - Drives, Controls - not a listed company

$6481 (-0,43%)
THK (JP) - Linear guides

my number 1 in the sector is Parker-Hannifin

Sensors/Imaging

$TDY Teledyne

$BSL (+1,19%) Basler (DE) - Industrial cameras

FLIR (US) - Thermal imaging sensors - acquisition by Teledyne

ISRA Vision (DE) - Machine Vision - not a listed company

my number 1 in the sector is Teledyne

Magnets & Materials

MP Materials

$6501 (+0,07%)
Hitachi Metals (JP) - Magnetic materials

VacuumSchmelze (DE) - Magnetic materials - not a listed company

$4063 (-0,41%)
Shin-Etsu Chemical (JP) - Specialty materials

my number 1 in the sector is MP Materials

Chip Design & Simulation

Synopsys - Cadence - ARM

$SIE (-0,49%)
Siemens EDA (DE/US)-Mentor Graphics-strategic business unit of Siemens AG

Imagination Tech (UK) - GPU-IP - not a listed company

$CEVA (+0,51%)
CEVA (IL) - Signal Processor IP

my number 1 in the sector is Synopsys

Engineering & Lifecycle

PTC - Dassault - Siemens

Altair (US) - Simulation - no longer a listed company

$HXGBY (+0,25%)
Hexagon (SE) - Metrology

$SNPS (+1,07%)
ANSYS (US) - Simulation - takeover by Synopsys

my number 1 in the sector is Siemens

Networks & Data Centers

Arista - Cisco - Equinix

$HPE (+0,12%)
Juniper (US) - Networks - Acquisition of HPE

$DTE (+0,72%)
T-Systems (DE) - Industry cloud

$OVH (+5,06%)
OVHcloud (FR) - European cloud

my number 1 in the sector is Arista

Cloud infrastructure

AWS - Azure - Google Cloud

$ORCL (+1,37%)
Oracle Cloud (US) - ERP & databases

$IBM (+0,05%)
IBM Cloud (US) - Hybrid Cloud

$9988 (+3,21%)
Alibaba Cloud (CN) - Asian Cloud

$VRT (+1,91%)
Vertiv Holdings (US) - Cloud/Infra

my number 1 in the sector is Alphabet (Google)

finance/information infra

S&P Global

$MCO
Moody's (US) - Ratings

$MSCI (+0,28%)
MSCI (US) - Indices

$MORN
Morningstar (US) - Investment Research

my number 1 in the sector is S&P Global

Creative/Experience Infra

Adobe

$ADSK (+0,6%)
Autodesk (US) - CAD & Design

$U
Unity (US) - 3D/AR simulation

Epic Games (US) - Unreal Engine - not a listed company

my number 1 in the sector is Adobe

Platform & Ecosystem

Apple - Tencent - Alibaba

$META (+0,73%)
Meta (US) - AR/VR, Social Robotics

ByteDance (CN) - AI & platforms - not a listed company

$9888 (+0,39%)
Baidu (CN) - AI & Cloud

my number 1 in the sector is Tencent

Infrastructure/Edge

Dell

$HPE (+0,12%)
HPE (US) - Edge Computing

$SMCI
Supermicro (US) - AI servers

$6702 (-0,81%)
Fujitsu (JP) - Edge & HPC

my number 1 in the sector is Dell

storage solutions

Micron

$000660
SK Hynix (KR) - Memory

$285A (+0%)
Kioxia (JP) - NAND

$WDC
Western Digital (US) - Storage solutions

my number 1 in the sector is Micron

🏛 3. secondary key sectors with hidden champions

Financing & Capital

$GS (+0,31%) Goldman Sachs (US) - investment bank; ECM/DCM, M&A, growth financing

$MS Morgan Stanley (US) - investment bank; tech banking, capital markets

$BLK (+0,7%) BlackRock (US) - asset manager; capital allocation, ETFs/index funds

$9984 (-4,83%) SoftBank Vision Fund (JP) - mega VC; growth equity in robotics/AI

Sequoia Capital (US) - venture capital; early/growth in AI/robotics - this is a classic venture capital fund

DARPA (US) - government R&D funding (robotics/defense) - independent research and development agency

EU Horizon (EU) - research funding/grants for DeepTech - Innovative Europe pillar

China State Funds (CN) - state industry/technology fund

Lux Capital (US) - VC for DeepTech - Uptake (US) - AI-based predictive maintenance

DCVC (US) - Robotics & AI focus - investing exclusively via VC fund investments

Speedinvest (AT) - EU VC for robotics - access to investment only via fund investments

my number 1 in the sector is Softbank

Maintenance & Service

$SIE (-0,49%) Siemens (DE) - Industrial Service, Lifecycle & Retrofit

$ABBN (-0,53%) ABB (CH/SE) - Robotics Service, Spare Parts, Field Support

$GEHC (+1,28%) GE Healthcare (US) - Medtech service incl. robotic systems

Uptake (US) - AI-based predictive maintenance - not a listed company

Augury (US/IL) - condition monitoring, condition diagnostics - not a listed company

$KU2 KUKA Service (DE) - Robotics maintenance

$6954 (-0,21%) Fanuc Service (JP) - global service network

Boston Dynamics AI Institute (US) - Robotics longevity - funded by Hyundai Motor Group

my number 1 in the sector is Siemens

Marketing & Advertising

$WPP (+1,3%) WPP (UK) - global advertising group; branding/communications

$OMC Omnicom (US) - marketing/PR network

$PUB (+2,49%) Publicis (FR) - communications/advertising group

$META (+0,73%) Meta (US) - Digital Ads (Facebook/Instagram)

$GOOG (+0,33%) Google Ads (US) - search & display advertising

TikTok / ByteDance (CN) - social ads & distribution - not a listed company

$AAPL (-0,04%) Apple (US) - Branding/UX; Acceptance & Platform Marketing

$WPP (+1,3%)
AKQA (UK/US) - Tech branding - Since 2012 majority owned by the WPP Groupbut continues to operate as an autonomous operating unit

R/GA (US) - Innovation marketing - not a listed company

Serviceplan (DE) - largest independent EU agency - not a listed company

my number 1 in the sector is Meta

Law, Regulation & Ethics

ISO (CH) - international standards, robotics standards

TÜV (DE) - certification & safety tests

UL (US) - safety/conformity testing

EU AI Act (EU) - legal framework for AI & robotics

UNESCO AI Ethics (UN) - global ethics guidelines

Fraunhofer IPA (DE) - Robotics safety standards

ANSI (US) - standards

IEC (CH) - Electrical engineering standards

Training & Talent

MIT (US) - Robotics/AI Research & Education

ETH Zurich (CH) - autonomous systems & robotics

Stanford (US) - AI/Robotics labs & spin-offs

Tsinghua University (CN) - Robotics/AI in Asia

CMU (US) - Robotics Institute

EPFL (CH) - Robotics research

TU Munich (DE) - humanoid robot "Roboy"

🌍 Top 25 companies for humanoid robotics

These companies are central to the development & production of humanoid robotsbecause without them, crucial parts of the chain would be missing:

Chips & computing power (brain of the robots)

$NVDA (+0,7%) Nvidia (US) - AI GPUs & Isaac platform, foundation for robotic AI

$2330 TSMC (TW) - world's most important foundry, produces the AI chips

$ASML (+0,54%) ASML (NL) - EUV lithography, indispensable for chip production

$005930 Samsung Electronics (KR) - memory, logic, foundry

$000660 SK Hynix (KR) - DRAM & NAND memory for AI

$MU (+0,76%) Micron (US) - Memory solutions for AI workloads

my number 1 in the sector is ASML

Sensors & perception (senses of robots)

$SONY Sony (JP) - image sensors, market leader

$6861 (-1,21%) Keyence (JP) - Industrial sensors & vision systems

$CGNX (+0,36%) Cognex (US) - Machine Vision, precise image processing

my number 1 in the sector is Keyence

Actuators & motion (muscles of robots)

$IFX (+0%) Infineon (DE) - power electronics, motor control

$6594 (-1,23%) Nidec (JP) - World market leader for electric motors

$PH Parker-Hannifin (US) - hydraulics/pneumatics, motion technology

$6481 (-0,43%) THK (JP) - Linear guides & actuators

my number 1 in the sector is Parker-Hannifin

Communication, cloud & infrastructure (nerves & data flow)

$QCOM (+0,26%) Qualcomm (US) - Mobile & Edge Chips

$AMZN (+0,29%) Amazon AWS (US) - Cloud & AI infrastructure

$MSFT (+0,79%) Microsoft Azure (US) - Cloud, AI services

$CSCO (+0,36%) Cisco (US) - Networks & Security

$VRT (+1,91%) Vertiv Holdings (US) - Data Center Infrastructure

my number 1 in the sector is Microsoft

End Applications & Platforms (robots themselves)

$TSLA (+0,65%) Tesla (US) - humanoid robot Optimus

$ABBN (-0,53%) ABB (CH/SE) - Robotics & Automation

$6954 (-0,21%) Fanuc (JP) - industrial robots & CNC systems

$7012 (-1,87%) Kawasaki Heavy Industries (JP) - industrial robots

PAL Robotics (ES) - humanoid robots (TALOS, ARI, TIAGo) - not a listed company

Neura Robotics (DE) - cognitive humanoid robots - not a listed company

Universal Robots (DK) - cobots

my number 1 in the sector is Tesla

🇪🇺 Top 10 European key companies for humanoid robotics

$ASML (+0,54%)
ASML (NL)

World market leader in EUV lithography - no modern chips for AI & robotics without ASML.

$IFX (+0%) Infineon (DE)

Leading in power electronics & motor control - crucial for actuators of humanoid robots.

$STM (+0,44%)
STMicroelectronics (FR/IT)

Sensors, microcontrollers & power chips - the basis for control & perception.

$SAP (+0,27%)
SAP (DE)

ERP & data platforms, important for integrating humanoid robots into industrial processes.

$SIE (-0,49%)
Siemens (DE)

Industrial software, automation, digital twin - key for engineering & lifecycle management.

$KU2 KUKA (EN)

Robotics pioneer, industrial robots & automation - know-how for humanoid motion mechanics.

PAL Robotics (ES) - not a listed company

Specialist for humanoid robots (TALOS, ARI, TIAGo), internationally used in research & service.

Neura Robotics (DE) - Not a listed company

Young high-tech company, develops cognitive humanoid robots with advanced AI (4NE-1).

Universal Robots (DK) - Not a listed company

Market leader for cobots - platform for safe human-robot collaboration.

Engineered Arts (UK) - not a listed company

Develops humanoid robots such as Amecaknown for realistic facial expressions & gestures - important for HRI (Human-Robot Interaction)

🌏 Top 10 Asian key companies for humanoid robotics

$2330
TSMC (Taiwan)

World's largest semiconductor foundry, produces high-end chips (e.g. Nvidia, AMD, Apple) - no AI hardware without TSMC.

$005930
Samsung Electronics (South Korea)

Foundry, memory, logic chips, image sensors - extremely broadly positioned in robotics components.

$000660
SK Hynix (KR) - Memory

$SONY
Sony (Japan)

Market leader in CMOS image sensors, essential for robotic vision & perception.

$6861 (-1,21%)
Keyence (Japan)

Sensor technology & machine vision for industrial automation, widely used in robotics.

$6954 (-0,21%)
Fanuc (Japan)

Industrial robots & CNC systems, one of the most important manufacturers of robotics hardware worldwide.

$6506 (-0,78%)
Yaskawa Electric (Japan)

Drives, motion control & robot arms - relevant for humanoid motion control.

$6594 (-1,23%)
Nidec (Japan)

World market leader for electric motors (from mini motors to high-performance drives).

$7012 (-1,87%)
Kawasaki Heavy Industries (JP) - Industrial robots

$9618 (+0%)
JD.com (China)

Driver for robotics in e-commerce & logistics, invests in humanoid robotics applications

The possibility that we are currently in an AI bubble is real. As with previous hypes, the valuation of AI companies seems to be ahead of their actual profitability. Moreover, the S&P 500 is heavily overconcentrated in a handful of large tech players that are benefiting from the AI hype. Should these fall, the entire index will be pulled down with them.

That risk is compounded by the fact that the S&P has become historically expensive, with P/E ratios well above average. The risks are clear: if promised growth fails to materialize, valuations could collapse hard. The situation is reminiscent of the dot.com bubble of the early 2000s, but with an important difference: now, a lot of credit is being borrowed to finance AI growth. That makes a blow more dangerous, because debt puts extra pressure in a downturn.

Conclusion: AI could change the world permanently, but current valuations seem fragile. A bubble need not mean AI disappears, it does mean investors should prepare for sharp corrections.

$NVDA (+0,7%)
$MSFT (+0,79%)
$AMZN (+0,29%)
$GOOGL (+0,26%)
$META (+0,73%)
$AVGO (+1,37%)
$TSM (+0,24%)
$ORCL (+1,37%)
$PLTR (+0,88%)
$ADBE (+1,35%)
$AMD (+0,68%)
$AAPL (-0,04%)
$IBM (+0,05%)
$QCOM (+0,26%)
$MU (+0,76%)
$SNOW (+0,31%)
$CRM (+0,02%)
$MDB (+0,35%)
$AI (-0,48%)
$VOO (+0,04%)

The hype is all about humanoid robots, but the constant winners are in the background.

I have divided the analysis into two perspectives. 1. the complete value chain of humanoid robots, which shows all the players from the chip to the finished robot, and 2. the blade manufacturers in the background, who always earn money as enablers, regardless of which manufacturer wins the race.

ASML, Applied Materials and Tokyo Electron dominate in manufacturing technology. Quality assurance comes from Keysight, Advantest and Teradyne. Chip design is supported by Synopsys, Cadence and ARM. Data streams are secured by Arista Networks, Cisco and Equinix. The computing basis is created in the cloud by Amazon, Microsoft and Alphabet. Albemarle, Lynas and Umicore play a central role in raw materials and battery materials. These companies monetize their customers' investment waves, have high barriers to entry, service revenues and pricing power, but remain cyclical with risks from export rules, capex cuts and currency movements.

🌐 Value chain of humanoid robots Sector overview

1. research & chip design (IP / EDA)

$ARM (+0,59%)
ARM Holdings (ARM, UK/USA) - CPU architectures

$SNPS (+1,07%)
Synopsys (SNPS, USA) - Chip design software

$CDNS (+0,73%)
Cadence Design Systems (CDNS, USA) - EDA & Simulation

2. manufacturing technology & equipment

$ASML (+0,54%)
ASML (ASML, NL) - EUV lithography, key monopoly

$AMAT (+0,3%)
Applied Materials (AMAT, USA) - Process equipment

$8035 (+1,16%)
Tokyo Electron (8035.T, JP) - Wafer equipment

$KEYS (+0,43%)
Keysight Technologies (KEYS, USA) - Test & RF measurement technology

$6857 (+6,91%)
Advantest (6857.T, JP) - Semiconductor test systems

$TER (+0,25%)
Teradyne (TER, USA) - Test systems + robotics (Universal Robots)

3. chip production (Foundries)

$TSM (+0,24%)
TSMC (TSM, TW) - Largest contract manufacturer

$005930
Samsung Electronics (005930.KQ, KR) - Memory + Foundry

$GFS (+0,23%)
GlobalFoundries (GFS, USA) - Specialized production

4. computing & control unit ("brain")

$NVDA (+0,7%)
Nvidia (NVDA, USA) - GPUs, AI accelerators

$INTC (+1,07%)
Intel (INTC, USA) - CPUs, FPGAs

$AMD (+0,68%)
AMD (AMD, USA) - CPUs/GPUs

$MRVL (+0,38%)
Marvell Technology (MRVL, USA) - Network/data center chips

5. sensors ("senses")

$6758 (+0,66%)
Sony (6758.T, JP) - CMOS image sensors

$6861 (-1,21%)
Keyence (6861.T, JP) - Vision systems, sensors

$STM (+0,44%)
STMicroelectronics (STM, CH/FR) - MEMS sensors

6. actuators & power electronics ("muscles")

$IFX (+0%)
Infineon (IFX, DE) - Power semiconductors, SiC

$ON (+0,43%)
N Semiconductor (ON, USA) - SiC/Power Chips

$STM (+0,44%)
STMicroelectronics (STM, CH/FR) - Motor control & power

$TXN (+0,35%)
Texas Instruments (TXN, USA) - Motor control, power ICs

$ADI (+0,22%)
Analog Devices (ADI, USA) - Energy & BMS chips

7. communication & networking ("nerves")

$QCOM (+0,26%)
Qualcomm (QCOM, USA) - 5G/SoCs

$AVGO (+1,37%)
Broadcom (AVGO, USA) - Network & radio chips

$SWKS (+0,27%)
Skyworks Solutions (SWKS, USA) - RF components

8. energy supply

$300750
CATL (300750.SZ, CN) - Batteries

$6752 (+0,71%)
Panasonic (6752.T, JP) - Batteries for automotive/robotics

$373220
LG Energy Solution (373220.KQ, KR) - Batteries

9. cloud & infrastructure

$AMZN (+0,29%)
Amazon (AMZN, USA) - AWS

$MSFT (+0,79%)
Microsoft (MSFT, USA) - Azure

$GOOG (+0,33%)
Alphabet (GOOGL, USA) - Google Cloud

$EQIX (+0,57%)
Equinix (EQIX, USA) - Data center operator

$ANET (+0,64%)
Arista Networks (ANET, USA) - Network infrastructure

$CSCO (+0,36%)
Cisco Systems (CSCO, USA) - Edge & Data Center Networks

10. software & data platforms

$PLTR (+0,88%)
Palantir (PLTR, USA) - Data integration, decision software

$DDOG (+0,9%)
Datadog (DDOG, USA) - Cloud monitoring / observability

$SNOW (+0,31%)
Snowflake (SNOW, USA) - Cloud-native data platform

$ORCL (+1,37%)
Oracle (ORCL, USA) - Databases, ERP

$SAP (+0,27%)
SAP (SAP, DE) - ERP/cloud systems

$PATH (+0,7%)
UiPath (PATH, USA) - Automation software (RPA)

$AI (-0,48%)
C3.ai (AI, USA) - Enterprise AI platform

11. end applications / robots

$ABB
ABB (ABB, CH) - Industrial robots

$6954 (-0,21%)
Fanuc (6954.T, JP) - Industrial robots, CNC

$TSLA (+0,65%)
Tesla (TSLA, USA) - Optimus" humanoid robot

$9618 (+0%)
JD.com (JD, CN) - E-commerce & automated logistics

🛠️ Shovel manufacturer for humanoid robots

🔹 Hardtech (physical "shovels")

These companies provide the material basis: manufacturing machines, raw materials, semiconductor base.

Semiconductor Equipment & Manufacturing

$ASML (+0,54%)
ASML (ASML, NL) - EUV lithography (monopoly).

$AMAT (+0,3%)
Applied Materials (AMAT, USA) - Wafer equipment.

$8035 (+1,16%)
Tokyo Electron (8035.T, JP) - Process equipment.

Test systems (hardware-side)

$6857 (+6,91%)
Advantest (6857.T, JP) - Semiconductor test.

$TER (+0,25%)
Teradyne (TER, USA) - Test systems + industrial robots.

Materials & raw materials

$ALB (-7,19%)
Albemarle (ALB, USA) - Lithium (batteries).

$LYC (+3,39%)
Lynas Rare Earths (LYC.AX, AUS) - Rare earths for magnets.

$UMICY (+1,9%)
Umicore (UMI.BR, BE) - Cathode materials, recycling.

🔹 Soft/infra (digital "shovels")

These companies supply the infrastructure & toolswithout which development, training and operation would be impossible.

Design Software & IP

$SNPS (+1,07%)
Synopsys (SNPS, USA) - EDA software.

$CDNS (+0,73%)
Cadence Design Systems (CDNS, USA) - Chip design & simulation.

$ARM (+0,59%)
ARM Holdings (ARM, UK/USA) - CPU architectures (license model).

Test & Measurement (software/signal level)

$KEYS (+0,43%)
Keysight Technologies (KEYS, USA) - Electronics & RF test systems.

Network & data center backbone

$ANET (+0,64%)
Arista Networks (ANET, USA) - High-speed networks.

$CSCO (+0,36%)
Cisco Systems (CSCO, USA) - Data center/edge networks.

$EQIX (+0,57%)
Equinix (EQIX, USA) - Data centers (colocation).

Cloud infrastructure

$AMZN (+0,29%)
Amazon (AMZN, USA) - AWS (cloud, AI training).

$MSFT (+0,79%)
Microsoft (MSFT, USA) - Azure.

$GOOG (+0,33%)
Alphabet (GOOGL, USA) - Google Cloud.

Takeaway: Investing in the infrastructure stack allows you to participate in the robotics trend regardless of the subsequent product winner and reduces the individual product risk, but you have to live with cycles. In your opinion, which stage of the chain offers the best risk/return combination and fits into a disciplined portfolio?

Source: Own analysis based on publicly available company information and IR materials of the companies mentioned.

Image material: Techa Tungateja/iStockphoto

$BE (+0,53%) Deal with $ORCL (+1,37%) :

https://www.datacenter-insider.de/bloom-energy-versorgt-oci-mit-brenstoffzellen-generatoren-a-442d3121b49edffba8c260bd640a65a4/

As more and more data centers will have to rely on self-supply, this is a growing business area in which we are well positioned. $BE (+0,53%) is well positioned.

$AMZN (+0,29%)

$MSFT (+0,79%)

$GOOGL (+0,26%)

$META (+0,73%)

$ORCL (+1,37%)

The arms race in the field of AI knows no end (yet)!

Estimates for hyperscalers' capital expenditure (CAPEX) for 2025 continue to rise - >$400 billion is now expected.

+99% since January 2024!

How are you investing in the ongoing AI infrastructure trend? Or are you keeping your hands off it?

I was given €30 worth of Nvidia shares about 7 months ago and the price hasn't moved much. Do you think I should sell them and spend the money elsewhere?

I'm thinking about it, $ORCL (+1,37%) or $AMZN (+0,29%) buying.