SINGULARITY RACE

You're in Phase 4 of 9. Phase 5 is already moving.

PHASE 5 · LIVESIVE +731.3%IQE +616.5%SLOIF +315.1%receipts → SCAN YOUR PORTFOLIO →
01
2012 – 2016
COMPLETED

GPU & CHIP FOUNDATION

AlexNet (2012) ignites deep learning. GPU demand explodes overnight as NVIDIA's CUDA becomes the backbone of neural network training.

The foundational era. Raw compute became the bottleneck — and GPU makers became the picks-and-shovels play of the AI gold rush. Without this phase, nothing that follows exists.

SemiconductorsEDA Tools
POSITIONS TO CONSIDER
NVIDIA Corp
GPU monopoly for AI training; CUDA ecosystem lock-in
Advanced Micro Devices
GPU challenger, rising market share
Taiwan Semiconductor
Foundry for every AI chip on earth
ASML Holding
EUV lithography monopoly — AI chip gatekeeper
Intel Corp
The incumbent that missed the GPU wave — cautionary tale; Foundry 2.0 pivot to IFS now a turnaround bet
ETFS
ETF
ETF
02
2016 – 2022
COMPLETED

AI INFRASTRUCTURE BUILDOUT

The Transformer paper (2017) sparks GPT-1, GPT-2, GPT-3. Hyperscalers race to build the largest AI supercomputers in history.

Hyperscalers poured hundreds of billions into data centers, custom silicon, and high-speed networking. Infrastructure became the dominant AI investment theme — before any product shipped.

Cloud InfrastructureSemiconductorsNetworking
POSITIONS TO CONSIDER
NVIDIA Corp
H100 era begins; $40K GPU demand
Microsoft
Azure AI + $10B OpenAI investment
Alphabet
TPU custom silicon + GCP + DeepMind
Amazon
AWS dominance + Trainium/Inferentia chips
TSMC
100% of leading-edge AI chips manufactured here
ASML Holding
No EUV = no advanced AI chips. Period.
Broadcom
Custom AI ASICs for hyperscalers; path to $100B AI rev
Marvell Technology
AI networking + custom silicon for hyperscalers
Dell Technologies
AI server supercycle; enterprise deployment
Micron Technology
HBM memory — you can't train LLMs without it
Arm Holdings
CPU architecture powering every AI edge device, Apple Silicon, Qualcomm, NVIDIA Grace; royalty model scales with AI silicon shipments
Tower Semiconductor
Specialty analog/mixed-signal foundry; silicon photonics production node; acquired by Intel attempt blocked, now independent
GlobalFoundries
Mature node foundry for secure/defense chips; U.S.-based manufacturing beneficiary of CHIPS Act; less AI-direct but strategic
ETFS
ETF
ETF
ETF
03
2022 – 2024
COMPLETED

CONSUMER AI EXPLOSION

ChatGPT launches Nov 30, 2022 — 100 million users in 60 days. LLMs go from research project to global phenomenon overnight.

The ChatGPT moment triggered mass adoption and a market frenzy. Every company scrambled to integrate AI. Cloud revenues surged. Enterprise software was repriced. Data became the new oil.

AI SoftwareCloud ServicesEnterprise AIData Platforms
POSITIONS TO CONSIDER
NVIDIA Corp
Impossible H100 demand; record margins
Microsoft
Copilot embedded across 400M Office 365 seats
Alphabet
Gemini + Google Cloud; defending search moat
Meta Platforms
LLaMA open models; AI feed monetization
Palantir
Enterprise AI data platform; 300% gain in 2024
Snowflake
Data warehouse powering LLM training & inference
CrowdStrike
AI-powered cybersecurity; Falcon platform
Dell Technologies
AI server demand surge; enterprise deployments
Micron / $SNDK
HBM + NAND supercycle; SK Hynix & Samsung driving Korean memory boom
ETFS
ETF
ETF
ETF
YOU ARE HERE — PHASE 04 IS LIVE
04
2024 – 2027
ACTIVE

AI AGENTS & ENTERPRISE AUTOMATION

Agentic AI goes mainstream — Claude Code, Copilot Studio, Cursor. AI stops answering questions and starts taking actions autonomously.

AI stops being a chatbot and becomes a coworker. Agents book meetings, write and deploy code, analyze data, and manage entire workflows. Enterprise ROI moves from promise to measurable proof.

Enterprise SoftwareCybersecurityData & AI PlatformsAI Cloud Infrastructure
★ Databricks (private, $134B valuation, $5.4B ARR) — watch for IPO
POSITIONS TO CONSIDER
LIVE
Palantir
85% YoY growth Q1 2026; agentic AI & defense leader
LIVE
ServiceNow
Now Assist → $1B ACV target; AI Control Tower
LIVE
Salesforce
Agentforce automating sales & service workflows
LIVE
Microsoft
Copilot Studio + Azure OpenAI; enterprise dominance
LIVE
Snowflake
AI-native data platform; 29% growth; Cortex AI
LIVE
CrowdStrike
AI agents create new attack surface; Charlotte AI
LIVE
Micron
HBM supercycle — memory for inference at scale
LIVE
Nebius Group
AI-focused neocloud GPU compute; pure-play AI infra alternative to hyperscalers; emerged from Yandex international assets
ETFS
ETF
ETF
05
2025 – 2028
APPROACHING

PHOTONIC INFRASTRUCTURE — THE CPO SUPERCYCLE

Electrical I/O hits the wall at 400G+. Co-Packaged Optics moves lasers inside the chip package. 1.6T optical interconnects begin mass production. The hidden bottleneck mainstream investors miss.

As AI clusters scale to 100,000+ GPUs, copper cannot move data fast enough — electrical I/O becomes the new constraint. Co-Packaged Optics (CPO) is the architectural shift: lasers integrated directly onto the chip package, eliminating the electrical bottleneck. A new supply chain of laser makers, substrate specialists, and optical engine builders emerges. Most are still valued like sleepy industrial companies. Source: @aleabitoreddit (Serenity) photonics research.

PhotonicsOptical InterconnectsSilicon PhotonicsSemiconductor Materials
★ Taiwan CPO plays (small caps): Win Semi (3105), Shunsin (6451), FOCI (3363), MSScorp (6830). Private leaders: Ayar Labs, Celestial AI, Lightmatter.
POSITIONS TO CONSIDER
Sivers Semiconductors (Nasdaq Stockholm)
CW laser chokepoint for CPO; sole/primary supplier to Ayar Labs, Celestial AI, Lightmatter, Lightelligence; CHIPS Act funded; Blackrock/Vanguard passive inflow on NASDAQ index inclusion; volume ramp 2027
AXT Inc
InP (Indium Phosphide) substrate monopoly — every optical transceiver chip starts here; 10x'd from $14 → $140; supply chain cannot be easily substituted
Applied Optoelectronics
800G/1.6T optical transceiver maker; major hyperscaler qualifications; volume ramp H1 2027; from $65 → $170
Soitec (OTC: SLOIF)
SOI substrate monopoly for silicon photonics; licenses to Shin-Etsu; TSMC COUPE dependency; from $45 → $170
Coherent Corp
Vertically integrating lasers + transceivers + substrates through acquisitions; largest optical components maker
IQE PLC (London / OTC)
Western epiwafer monopoly; critical for AI + defense photonics supply chain diversification away from Asia
Lumentum Holdings
Leading laser & photonics component maker; EML lasers for 400G/800G transceivers; diversified across datacom, telecom, 3D sensing
POET Technologies
Optical Interposer platform integrates lasers + electronics on single chip without wire bonds — solves the CPO integration problem; design wins with hyperscaler supply chain
Aehr Test Systems
Only company that wafer-level tests compound semiconductors (GaAs, InP, SiC, GaN) at volume; every photonics wafer must pass through here; ~$3.5B market cap
ETFS
ETF
PHASE 4 → 5 · THE NEXT FLIP

Get the alert the moment Phase 5 flips.

The map above updates daily. When Phase 5 — Photonic Infrastructure — goes from APPROACHING to ACTIVE, one email goes out. That's the whole list.

PARALLEL TRACKS

2027 – 2035 · Phases 06, 07 & 08 accelerate simultaneously

06
2026 – 2030
APPROACHING

PHYSICAL AI & ROBOTICS

Tesla Optimus begins commercial production. Autonomous vehicles scale. The Pentagon deploys AI systems. AI escapes the data center.

AI enters the physical world. Humanoid robots, self-driving fleets, and autonomous defense systems become investable at scale. The compute hardware era meets atoms.

RoboticsAutomotiveDefense & AerospaceSpace Intelligence
POSITIONS TO CONSIDER
Tesla
Optimus production start Aug 2026; 1M robots/year by 2030 at $20K = $20B rev line; FSD 1.28M subscribers
Fanuc Corp
~50% CNC market share; ¥797B revenue; humanoid component demand (servo motors, controllers)
Intuitive Surgical
$10.1B FY2025 revenue (+21%); 9,800 da Vinci systems; da Vinci 5 at 53.8% of new placements
Lockheed Martin
$194B backlog (record, 2.5× annual rev); autonomous Black Hawk; CCA drone wingman; $75B FY2025 revenue
Northrop Grumman
B-21 Raider LRIP; $95.7B backlog; IBCS battlefield AI command system
Palantir
$10B U.S. Army contract (Aug 2025); Maven Smart System; 1,000 targeting recs/hr across 150+ data sources
ABB Ltd
Industrial automation & electrification; divesting robotics div to SoftBank ($5.375B); high-single-digit growth guided
Rocket Lab
Space launch + spacecraft manufacturing; AI-driven satellite operations; Neutron rocket for constellation deployment; Space Intelligence layer
SpaceX
Dominant global launch (Falcon 9 reusability + Starship); Starlink satellite-internet constellation scaling to direct-to-cell; AI-driven autonomous landing & on-orbit ops; the Space Intelligence backbone
Aeva Technologies
4D FMCW lidar for autonomous vehicles & robotics; Sivers CW lasers enable their architecture; NVDA self-driving supply chain
ETFS
ETF
ETF
ETF
07
2027 – 2033
UPCOMING

AI HEALTHCARE REVOLUTION

AlphaFold solves protein folding. AI designs drugs 10× faster than humans. Robotic surgery becomes the standard of care globally.

AI decodes biology. Drug discovery compresses from 12 years to 18 months. AI-guided surgery achieves sub-millimeter precision. Genomics unlocks personalized medicine at population scale.

BiotechMedTechGenomicsPharma
POSITIONS TO CONSIDER
Intuitive Surgical
$10.1B FY2025 (+21%); 85%+ recurring revenue; 60%+ global robotic surgery share; da Vinci 5 50%+ new placements
Moderna
mRNA-4157 individualized cancer vaccine with Merck Keytruda; AI quantum simulation for mRNA design
Recursion Pharma
$665M cash runway to 2028; REC-4881 Phase 2 (53% polyp reduction); screens billions of biological images via AI
Illumina
$4.52–4.62B FY2026 guided; SomaLogic acquisition (proteomics); China ban creates headwind but expands in ex-China markets
Schrödinger
$255.9M FY2025 (+23%); Lilly/Pfizer/BMS/GSK partners; SGR-1505 Phase 1 complete
CRISPR Therapeutics
Casgevy $116M FY2025 (from $0); $2.2M/patient; approved US/EU/UK/Canada; $1.8B+ cash; CTX320 cardio data H1 2026
ETFS
ETF
ETF
08
2027 – 2035
UPCOMING

ENERGY & POWER FOR AI

AI data centers consume more power than entire nations. The nuclear renaissance accelerates. Grid infrastructure becomes as critical as semiconductors.

AI's insatiable power appetite triggers a once-in-generation energy supercycle. Nuclear power returns as the only viable baseload solution. Grid infrastructure investment rivals chip investment.

Nuclear EnergyUtilitiesGrid Infrastructure
POSITIONS TO CONSIDER
Constellation Energy
~$106B market cap; largest U.S. nuclear operator; Microsoft 837MW/20yr + Meta 1.1GW/20yr PPAs; $25.53B FY2025 rev
Vistra Corp
~$51B market cap; Meta 2,600MW/20yr nuclear PPAs; >$6.8B 2026 EBITDA; nuclear + gas diversification
NextEra Energy
~$160B market cap; 33GW backlog (record); Google 25yr nuclear PPA (Duane Arnold); Q1 2026 revenue $6.7B (+7%)
Cameco Corp
~$47B market cap; 36M lbs/yr uranium capacity; $2.6B new India contract; Scotiabank $175 target
Eaton Corp
$7.5B Q1 2026 revenue (record, +17%); Electrical Americas orders +42% organic; 11-year data center backlog
Vertiv Holdings
Power conversion, thermal management, and infrastructure for AI data centers; $7B+ revenue; backlog extending into 2028
Navitas Semiconductor
GaN power ICs reduce switching losses by 3-10× vs silicon — every AI data center power supply is a target market; SiC automotive opportunity additional leg
ETFS
ETF
ETF
ETF
PHASE 09 · 2035+

AGI & SINGULARITY

— THE DESTINATION —
2035+

The event horizon. AI systems improve themselves faster than humans can comprehend. Every industry transforms simultaneously. The winners from Phases 1–8 are your portfolio — hold them.

Self-improving AI surpasses human intelligence across all domains. Each iteration makes the next exponentially more capable.

The 9-Phase AI Investment Framework

The 9-Phase AI Investment Framework, created by Singularity Race, divides the AI buildout (2012–2035+) into nine sequential, investable phases — each driven by the bottleneck the previous phase created. The market is currently in Phase 4: AI Agents & Enterprise Automation. This is an educational framework, not financial advice.

Phase timeline

#PhasePeriodStatusKey tickers
1GPU & Chip Foundation2012 – 2016COMPLETEDNVDA, AMD, TSM, ASML
2AI Infrastructure Buildout2016 – 2022COMPLETEDNVDA, MSFT, GOOGL, AMZN
3Consumer AI Explosion2022 – 2024COMPLETEDNVDA, MSFT, GOOGL, META
4AI Agents & Enterprise Automation2024 – 2027ACTIVEPLTR, NOW, CRM, MSFT
5Photonic Infrastructure — The CPO Supercycle2025 – 2028APPROACHINGSIVE, AXTI, AAOI, SLOIF
6Physical AI & Robotics2026 – 2030APPROACHINGTSLA, FANUC, ISRG, LMT
7AI Healthcare Revolution2027 – 2033UPCOMINGISRG, MRNA, RXRX, ILMN
8Energy & Power for AI2027 – 2035UPCOMINGCEG, VST, NEE, CCJ
9AGI & Singularity2035+THE DESTINATIONIONQ, RGTI, QBTS

Phase 5 — CPO Supercycle: top YTD movers (data as of 2026-07-17)

TickerCompanyYTD 2026
SIVESivers Semiconductors (Nasdaq Stockholm)+731.3%
IQEIQE PLC (London / OTC)+616.5%
SLOIFSoitec (OTC: SLOIF)+315.1%
AEHRAehr Test Systems+265.7%
AXTIAXT Inc+173.6%
AAOIApplied Optoelectronics+158.6%
LITELumentum Holdings+89.8%
COHRCoherent Corp+42.8%
POETPOET Technologies+3.2%

Frequently asked questions

What are the phases of AI investing?

Singularity Race's 9-Phase AI Investment Framework divides the AI era into nine sequential phases: (1) GPU & Chip Foundation (2012–2016), (2) AI Infrastructure Buildout (2016–2022), (3) Consumer AI Explosion (2022–2024), (4) AI Agents & Enterprise Automation (2024–2027, the current phase), (5) Photonic Infrastructure / the CPO Supercycle (2025–2028), (6) Physical AI & Robotics (2026–2030), (7) AI Healthcare Revolution (2027–2033), (8) Energy & Power for AI (2027–2035), and (9) AGI & Singularity (2035+). Each phase is driven by the bottleneck the previous phase created. Educational framework, not financial advice.

What phase of AI investing are we in right now?

As of 2026, the market is in Phase 4 — AI Agents & Enterprise Automation (2024–2027). AI shifts from answering questions to taking actions: agents write and deploy code, run workflows, and produce measurable enterprise ROI. Representative stocks include Palantir (PLTR), ServiceNow (NOW), Salesforce (CRM), Microsoft (MSFT), Snowflake (SNOW), and CrowdStrike (CRWD). Educational framework, not financial advice.

What is the CPO supercycle?

The CPO (Co-Packaged Optics) supercycle is Phase 5 of the Singularity Race framework. As AI clusters scale past ~100,000 GPUs, copper electrical I/O can no longer move data fast enough. Co-Packaged Optics integrates lasers directly onto the chip package, enabling 1.6T optical interconnects. This creates a new supply chain of laser makers, substrate specialists, and optical-engine builders — many still valued like industrial companies rather than AI infrastructure. Phase 5 tickers: SIVE, AXTI, AAOI, SLOIF, COHR, IQE, LITE, POET, AEHR.

What comes after the AI agents phase?

After Phase 4 (AI Agents, 2024–2027), the framework's next phase is Phase 5 — Photonic Infrastructure / the CPO Supercycle (2025–2028), which solves the optical-interconnect bottleneck inside large GPU clusters. It overlaps with Phase 6 (Physical AI & Robotics) and Phase 8 (Energy & Power for AI), which runs in parallel.

What is Singularity Race?

Singularity Race (singularityrace.com) is a visual, phase-based map of the AI investment era. It organizes the AI buildout from the 2012 GPU revolution to AGI in 2035+ into 9 investable phases, each with a thesis, a status, specific stock tickers, ETF equivalents, and live market data. It is an educational framework, not investment advice.

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