The next ticker that already belongs

You hold Nokia partly for AI/cloud optical networking, but NOK is a tiny 2.3% position and down 14%. Ciena is a pure-play intelligent optical networking vendor benefiting from datacenter bandwidth upgrades and AI fabric buildouts, a more focused way to express the same thesis. Investigating it lets you compare the relative risk/reward of a focused optical name versus a diversified telecom equipment turnaround.

Your NOK thesis explicitly references re-rating toward Arista as a peer comp. Arista itself is the cloud/datacenter networking pure-play dominating ethernet switching for AI clusters. Given SPCX at 47% of equity, there's heavy concentration in one AI-adjacent name, researching Arista could reveal whether it offers better or worse risk-adjusted exposure to the same AI networking theme.

Marvell supplies connectivity and custom silicon for datacenter and AI workloads, a layer beneath your Nokia and Arista networking holdings. Researching MRVL could help you compare where value accrues in the AI buildout: optical and switching vendors versus the chip and interconnect stack that enables them.

Your portfolio is concentrated in hardware/networking/uranium, software application-layer AI exposure is a gap. Five9 provides cloud contact-center infrastructure increasingly embedding AI agents, representing a different part of the AI stack than your current holdings. The stock has sold off meaningfully, which could present a contrarian software-AI entry if the thesis holds.