I’d probably lean toward the AI enablers over chasing every foundation-model headline. Anthropic possibly reaching a US$900B+ valuation shows how hot the model layer still is, but private AI valuations are getting extremely aggressive.

Apple’s visual AI push is interesting because it has distribution, but execution risk is real after years of Siri disappointment. The cleaner 12-month setup may be in the infrastructure layer - memory, storage, fibre and data-centre supply chains - because AI demand still has to physically run somewhere.

That said, I wouldn’t blindly chase YOFC/WDC/SanDisk after big moves; I’d watch earnings, margins and guidance.

My pick: favour AI enablers, be selective on Apple, and fade any foundation-model valuation that assumes perfection.