TODAYAI SOFTWARE +4.5%SEMI MATERIALS +2.6%FOUNDRY +1.9%PACKAGING +1.6%EDA / IP +1.4%AI COMPUTE +1.4%POWER GEN -3.6%DC CONSTRUCTION -3.7%
Edition 07 · November 2026

The AI Leadership Board

Every month we rank the AI infrastructure universe into four cap tiers by a transparent composite. It is reporting on a number we publish — not advice, and not a track record.

As of close, Oct 30, 2026

How to read this board

The Composite Score (0–100)

Five ingredients: analyst conviction, rating recency, valuation versus analyst target, trend, and month versus sector. Hover any Composite Score to see how each ingredient graded. The weighting between them is proprietary.

★ LEADER

Marks the top-scored company in its sub-sector this month. One per sub-sector, across all cap tiers.

Rank changes

“was #3” compares with last month’s edition. “New” means the company was not ranked last month — usually new coverage or a cap-tier move.

Price → target

Current price against the mean analyst price target, with the gap as a percentage. The target is the analysts’ figure, not ours.

The top 6 positions in each of the four cap tiers, in order, with every Composite Score shown — free, no account needed. The edition ranks further names; the board shows the leaders.

Mega cap

Above $200B“Market capitalisation” is what the whole company is worth on the market: its share price multiplied by the number of shares. Mega cap means above $200B.The board is split into four size groups because a $2 trillion company and a $5 billion one do not move for the same reasons, and ranking them against each other would say more about their size than about anything we measured.
RankCompanySectorComposite ScoreA 0–100 blend of analyst conviction, rating recency, valuation versus analyst targets, price trend, and the month’s move against its own sector. Hover any score to see how that company rates on each ingredient.The weighting between them is proprietary. Reporting, not recommendations.Analyst BuysHow many of the analysts covering this company rate it Buy or better, out of how many cover it at all. Separate from the Composite Score, which is not purely analyst-driven.The rest are Hold or Sell combined; we do not publish a separate sell figure because the edition does not record one, and the two cannot be told apart from this number.Analysts’ ratings, not ours.Price → Analyst TargetThe price when this edition was published, and the average of analysts’ 12-month price targets at that time, with the gap between them.Analysts’ figures, not ours. Not a forecast we make or endorse.
#1was #14
ASML★ LEADERASML Holding
Chip-Making Equipment38 of 41$1581.67 → $2304.13+46%
#2was #4
NVDA★ LEADERNvidia
AI Chips & Accelerators59 of 62$206.15 → $315.00+53%
#3was #21
AVGOBroadcom
AI Chips & Accelerators49 of 51$327.46 → $537.50+64%
#4was #18
TSM★ LEADERTaiwan Semiconductor
Chip Foundries20 of 21$412.00 → $557.50+35%
#5No change
ANET★ LEADERArista Networks
Networking & Interconnect31 of 32$168.86 → $248.00+47%
#6was #8
LRCXLam Research
Chip-Making Equipment30 of 34$242.24 → $352.50+46%

Large cap

$50B – $200B“Market capitalisation” is what the whole company is worth on the market: its share price multiplied by the number of shares. Large cap means $50B – $200B.The board is split into four size groups because a $2 trillion company and a $5 billion one do not move for the same reasons, and ranking them against each other would say more about their size than about anything we measured.
RankCompanySectorComposite ScoreA 0–100 blend of analyst conviction, rating recency, valuation versus analyst targets, price trend, and the month’s move against its own sector. Hover any score to see how that company rates on each ingredient.The weighting between them is proprietary. Reporting, not recommendations.Analyst BuysHow many of the analysts covering this company rate it Buy or better, out of how many cover it at all. Separate from the Composite Score, which is not purely analyst-driven.The rest are Hold or Sell combined; we do not publish a separate sell figure because the edition does not record one, and the two cannot be told apart from this number.Analysts’ ratings, not ours.Price → Analyst TargetThe price when this edition was published, and the average of analysts’ 12-month price targets at that time, with the gap between them.Analysts’ figures, not ours. Not a forecast we make or endorse.
#1was #4
MPWRMonolithic Power
Power & Cooling17 of 17$1234.00 → $1820.00+47%
#2was #16
DLRDigital Realty
Data Center REITs & Cloud29 of 34$180.70 → $226.00+25%
#3was #19
EQIXEquinix
Data Center REITs & Cloud30 of 35$996.55 → $1225.00+23%
#4was #5
VRTVertiv Holdings
Power & Cooling26 of 30$235.68 → $338.00+43%
#5was #13
CEGConstellation Energy
Power Generation21 of 25$263.72 → $345.00+31%
#6was #7
WDCWestern Digital
Memory & Storage21 of 26$370.07 → $622.50+68%

Mid cap

$10B – $50B“Market capitalisation” is what the whole company is worth on the market: its share price multiplied by the number of shares. Mid cap means $10B – $50B.The board is split into four size groups because a $2 trillion company and a $5 billion one do not move for the same reasons, and ranking them against each other would say more about their size than about anything we measured.
RankCompanySectorComposite ScoreA 0–100 blend of analyst conviction, rating recency, valuation versus analyst targets, price trend, and the month’s move against its own sector. Hover any score to see how that company rates on each ingredient.The weighting between them is proprietary. Reporting, not recommendations.Analyst BuysHow many of the analysts covering this company rate it Buy or better, out of how many cover it at all. Separate from the Composite Score, which is not purely analyst-driven.The rest are Hold or Sell combined; we do not publish a separate sell figure because the edition does not record one, and the two cannot be told apart from this number.Analysts’ ratings, not ours.Price → Analyst TargetThe price when this edition was published, and the average of analysts’ 12-month price targets at that time, with the gap between them.Analysts’ figures, not ours. Not a forecast we make or endorse.
#1was #5
MTZ★ LEADERMasTec
Data Center Construction21 of 21$186.06 → $320.00+72%
#2was #4
VST★ LEADERVistra
Power Generation22 of 23$139.14 → $201.00+44%
#3was #9
TLNTalen Energy
Power Generation18 of 20$347.00 → $459.65+32%
#4was #15
IRM★ LEADERIron Mountain
Data Center REITs & Cloud11 of 12$116.55 → $144.00+24%
#5was #27
ENTG★ LEADEREntegris
Chip Materials12 of 15$160.00 → $195.00+22%
#6was #22
JBL★ LEADERJabil
Server Makers9 of 10$275.06 → $430.00+56%

Small cap

Below $10B“Market capitalisation” is what the whole company is worth on the market: its share price multiplied by the number of shares. Small cap means below $10B.The board is split into four size groups because a $2 trillion company and a $5 billion one do not move for the same reasons, and ranking them against each other would say more about their size than about anything we measured.
RankCompanySectorComposite ScoreA 0–100 blend of analyst conviction, rating recency, valuation versus analyst targets, price trend, and the month’s move against its own sector. Hover any score to see how that company rates on each ingredient.The weighting between them is proprietary. Reporting, not recommendations.Analyst BuysHow many of the analysts covering this company rate it Buy or better, out of how many cover it at all. Separate from the Composite Score, which is not purely analyst-driven.The rest are Hold or Sell combined; we do not publish a separate sell figure because the edition does not record one, and the two cannot be told apart from this number.Analysts’ ratings, not ours.Price → Analyst TargetThe price when this edition was published, and the average of analysts’ 12-month price targets at that time, with the gap between them.Analysts’ figures, not ours. Not a forecast we make or endorse.
#1was #24
SPXC★ LEADERSPX Technologies
Power & Cooling13 of 14$159.95 → $233.00+46%
#2was #3
DNN★ LEADERDenison Mines
Uranium & Nuclear15 of 15$2.21 → $4.73+114%
#3was #10
POWI★ LEADERPower Integrations
Semiconductors3 of 5$45.19 → $71.00+57%
#4was #13
BDC★ LEADERBelden
Connectors & Cables5 of 5$105.70 → $150.00+42%
#5was #8
NXE★ LEADERNexGen Energy
Clean Energy & Nuclear16 of 16$8.27 → $16.63+101%
#6was #12
RGTI★ LEADERRigetti Computing
Quantum & Space9 of 13$11.27 → $30.00+166%

Every board we have ever published

Past editions stay online in full — every name, winners and losers alike. Factual reporting on numbers we published, never a curated highlight reel.

See the Composite Score history →

About the board

Is this a list of stocks to buy?

No. It is a published Composite Score. We rank companies by a blend of analyst conviction, rating recency, valuation versus analyst targets, trend and performance against their own sub-sector. Nothing here is a recommendation, and we do not track whether the scores "worked".

What goes into the Composite Score?

Five components: share of covering analysts at Buy, how recently ratings were revised, price versus mean analyst target (clamped at ±40% so outliers cannot dominate), price trend over the ranking window, and performance against the company's own sub-sector. When a component is missing, the remaining weights are renormalised.

Why are the weights not published?

The ingredients are shown on every Composite Score so you can see what is being measured. The weighting between them is proprietary. You can judge the inputs; the blend is ours.

Why do some companies not appear?

A company needs at least three covering analysts to be ranked. Names with one or two are listed separately as thin coverage rather than being scored on a handful of opinions.

How often does it update?

Monthly, on the first trading day. Each edition is a clean snapshot taken that day — not a rolling average — which is what makes month-over-month rank changes meaningful.

Composite Scores are generated from analyst data and price history at the time of publication. Nothing here is financial advice or a recommendation to buy or sell any security.