$NVDA - Jensen argues NVIDIA's moat is deep - they have locked up $250B in purchase commitments for scarce components, their ecosystem is irreplaceable, and demand for their tools will skyrocket as AI agents proliferate.
$INFRA - Jensen sees massive infrastructure buildout ahead with energy as the key bottleneck, not chips - chip capacity problems solve in 2-3 years while energy policies take much longer.
$SYNOPSYS - Jensen predicts software tools companies will see explosive growth as AI agents become tool users, dramatically expanding the number of instances of design and engineering software.
$CADENCE - Jensen sees design automation tools benefiting from exponential growth in AI agents using their software, moving from engineer-limited to agent-amplified usage.
$MU - Jensen highlights Micron's early investment in HBM memory based on his predictions, which has been tremendous for the company as HBM becomes mainstream computing technology.