Trade Tracker: The Investment Committee share their latest moves

Investment Opportunities & Strategies - The market presents opportunities to deploy capital during periods of weakness, particularly in long-tailed AI themes where the industry is still in early stages [2][5] - Adjacent plays to hyperscalers, such as Arista Networks, are attractive for increasing allocation [5] - Pullbacks in stocks like Eaton, which is up almost 20% in the last year but down 10% in the last month, present buying opportunities in the power sector, driven by data center growth [7][8] - Uber is seen as a long-term investment with potential to break $100, driven by profitability, share buybacks, and the potential to become a super app [16][18] Company Specific Analysis - Meta is considered a top pick, with a pullback presenting a buying opportunity; one firm bought another 1% stake [2] - Eaton is a $68 billion company based out of Ireland, is a power play benefiting from the expected 160% increase in power needs driven by AI workflows by 2030 [9] - Oracle is considered a key player in the infrastructure build-out for artificial intelligence [14] - Uber's platform is viewed as an ultimate platform, with beta testing in various cities being accretive for the stock [24] - JP Morgan's stock grew to 6% of a portfolio, exceeding the 5% max weighting target, leading to profit-taking and reallocation into Meta [27] Market Trends & Dynamics - There's froth in the market, with outperformance in areas like the Ark Innovation ETF, Super High Beta ETF, and quantum computing ETF [3] - Data centers are a significant area of investment, expected to hit $1 trillion in CapEx in the next year or two [9] - Autonomous driving is finally taking off after a long period of development, with Waymo being a clear leader [22][23]