TTMI, the picks-and-shovels company you have never heard of.

Have you heard the saying that in a gold rush it is better to INVEST in the companies selling the "picks and shovels"?

In the AI RUSH these days, everyone is saying NVIDIA, NVIDIA, NVIDIA, they are the ones selling the shovels, but is that true? Google has their hardware TPU Tensor Processing Units, Amazon has their Tranium processors, OpenAI is developing their own HARDWARE with Broadcom (AVGO), so what is left that connects them all?

Networking hardware is the BACKBONE that is still the important PIECE in the AI ecosystem. Nvidia acquired Mellanox and they have a strong networking component, but outside of the Nvidia ecosystem, there are fewer players, correct?

And would you BELIEVE that even the networking solutions require manufactures to develop their hardware DESIGNS?

Wouldn't you rather OWN the TOLL SYSTEM that connects everything together in this AI GOLD RUSH? If you could invest in a company that MAKES MONEY in all environments, no MATTER who the WINNER is, wouldn't you CHOOSE THAT?

Celestica, CLS, is one of the premier networking companies, but WHO builds the circuits for THEM?

$TTMI, is the PREMIER manufacture for Printed Circuit Boards in the USA and is in the TOP 3-5 GLOBAL suppliers for the datacenter MARKET, can you guess who they build PCBs for? Would you guess Celestica?