$GOOGL - Google is massively scaling AI infrastructure with $175-185B CapEx in 2026, has vertical integration advantages with TPUs, and multiple AI-driven growth vectors across Search, Cloud, and Waymo.
$WAYMO - Waymo is scaling rapidly with Google increasing investment when others got pessimistic, and will have 40 million Americans with access to service soon.
$INFRA - Massive infrastructure buildout underway with supply constraints driving innovation and efficiency gains, creating opportunities for infrastructure plays.
$MEMORY - Memory is the most critical constraint in AI development, with severe shortages that will drive pricing and innovation in memory companies.