The AI trade had a clear infrastructure and supply-chain thread this week. $AMD led at +44.73%, with $ANET, $CRWV, $AVGO and $MU also strong. $NVDA was the notable laggard at -8.49%, while $MSFT and $NOW slipped modestly. That’s the week in picks and shovels. #aiBy Picks & Shovels (@picksnshovels), Nov 14, 2026