AI & robotics – Year’s Favourites 2022
26 January 2022
How we chose our Year’s Favorites
Last year, we argued that data centers and high-performance computing would remain structurally strong, while 5G would finally be rolled-out. At the same time, Covid-19 had already boosted to the adoption of the cloud.
- We decided to favor Computing Components and Data Infrastructure to play both the hardware and applicative sides.
- Our Year’s Favorites were thus AMD, Marvell, and Snowflake.
What did not work
The Data Infrastructure segment did not perform as well as expected, hampered by normalizing market expectations in a post-lockdown context and by investments flows mainly targeting household names. Snowflake performed in line despite very strong fundamentals.
- Contribution to the Year’s Favorites performance: Snowflake +1.88%.
What worked
As expected, Computing Components strongly benefited from the race for AI infrastructure and the rollout of 5G, while the semiconductor shortage only represented a minor headwind.
- Contribution to the Year’s Favorites performance: Marvell +4.59%, AMD +3.55%.
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