$PLTR - Palantir's ontology layer and AI infrastructure position them to capture significant value in the AI stack, with customer deployment times dropping from 8 weeks to 1 week.
$DEFENSE - New defense tech companies are becoming 'plan A' at the Pentagon with over $100B invested, representing a fundamental shift in defense procurement.
$MANUFACTURING - US reindustrialization is critical and AI will enable American workers to be 50x more productive, changing the efficient frontier of what can be made domestically.
$PHARMA - Pharmaceutical companies would eagerly accept patent extensions to bring manufacturing back to the US, creating a simple business case for reshoring.
Bearish:
$EUROPE - Europe has created zero companies worth more than €100B from scratch in 50 years, showing complete inability to foster innovation and entrepreneurship.
$TRADFI - Traditional defense contractors are poor businesses with 9% operating margins trading at less than 2x revenue, focused on financial engineering rather than real innovation.