Bloomberg Surveillance · Wednesday, July 15, 2026
Two primary investment areas are identified: semiconductor companies involved in defense spending due to increased global munitions expenditure, and companies focused on power management for data centers, particularly those supporting higher voltages driven by advancements like Nvidia's architecture.
“I'm looking at two areas, one and it's under one of the One of the areas is under everybody's nose. Is the whole semiconductor defense spend names like TSM, ADI, MTSI, Monolithic Power. We're if you look at what the Trump administration is doing in the Gulf, We're going to have weapons essentially builds for multiple years. And what I'm looking at is all those names on the semiconductors that play into the defense area. We're you know, we're expending a fair amount of munitions. So names like Ava v Krados and that whole semi food chain I think is interesting. And then as you look at these changes from a secular standpoint in the data center, one of the big ones is eight hundred volts. The voltage and all these data centers is going straight up, and you need power management the physical voltage, the physical voltage, and that's being fueled by Navidia's architecture of Rubin and Blackwell.”
“And one of one of the best companies I think there is that is positioned in that secular change is Monolithic Power MPWR.”