Who’s Gavin Baker?
Gavin Baker is the Chief Funding Officer (CIO) and Managing Accomplice of Atreides Administration, a hedge fund with ~$7 billion in property beneath administration (AUM). Previous to his present position, Baker was a top-performing fund supervisor at Constancy, the place he earned a fame for having a deep understanding of the advanced semiconductor structure and tech infrastructure markets.
Atreides Administration is a High Tech Fund
Though most of Wall Avenue has lastly uncovered the AI commerce, Gavin Baker was early and proper on many AI trades, together with these in Astera Labs (ALAB), NVIDIA (NVDA), and Coherent (COHR). In the meantime, Baker and Atreides additionally just lately scored a windfall from the current Cerebras (CBRS) IPO. Baker’s knack for locating AI shares early has led to dramatic outperformance for Atreides over the previous few years.
Picture Supply: Hedge Observe
Gavin Baker Advisable the Reminiscence Commerce Early
Maybe Baker’s most spectacular name was on the reminiscence commerce. In late 2025, Baker’s 13F submitting (required for corporations with $100M or extra in AUM) confirmed that he elevated his agency’s place in memory-related names akin to SK Hynix, SanDisk (SNDK), and Micron (MU). Every of those shares has delivered triple-digit positive aspects in 2026 up to now.
Picture Supply: Zacks Funding Analysis
Gavin Baker Reveals His Newest Ideas on the Reminiscence Commerce
Final month, Micron delivered one of the vital spectacular earnings reviews in current reminiscence, producing 345% year-over-year income development and blasting previous Wall Avenue EPS expectations.
Picture Supply: Zacks Funding Analysis
Fortunately for traders, Gavin Baker is likely one of the most clear cash managers on Wall Avenue and offered his newest ideas on the reminiscence commerce in a current “All-in Podcast” look. Baker offered 4 key causes that the reminiscence crunch will proceed, together with:
1. The {Hardware} Bottleneck: Baker highlighted that shopper {hardware} big merchandise like Apple (AAPL) now not have the reminiscence capability required to run AI fashions regionally. In consequence, corporations like Apple would require extra dynamic random-access (DRAM) from reminiscence suppliers like Micron.
2. Cycle Variations: In response to Baker, traditionally, now can be the time to promote reminiscence shares given their valuations and cyclical nature. Nonetheless, Baker attracts a distinction between the present semi cycle and former cycles as a result of TSMC (TSM), a key semi provider, is preserving its capability constrained and disciplined. In different phrases, the everyday oversupply glut that crashes reminiscence costs don’t at the moment exist.
3. The Agentic AI Increase: Baker notes that Agentic AIis rising quickly and would require advanced orchestrations, software calls, and big reminiscence retrieval.
4. No “Darkish Fiber”: The web increase of the late Nineties offered clues of a bubble. For example, the fiber-optic buildout ultimately had 99% of its capability unutilized and was fueled largely by debt. Conversely, the reminiscence and processing chips are largely funded with money movement from extremely worthwhile hyperscalers and are deployed virtually instantly.
Micron: Wall Avenue Expects Explosive Earnings Progress
Wall Avenue analysts tracked by Zacks concur with Baker’s bullish outlook for the reminiscence trade. For example, Micron earns a Zacks #1 (Sturdy Purchase) rating, and analysts count on triple-digit EPS development via subsequent 12 months.
Picture Supply: Zacks Funding Analysis
High Reminiscence Shares Retreat to Purchase Zones
SanDisk, Micron, and the Roundhill Reminiscence ETF (DRAM) are every retreating to the 10-week transferring common. Over the previous few years, this technical degree has produced juicy returns. For example, for those who purchased SNDK shares off the 10-week transferring common, you greater than doubled your cash prior to now two situations.
Picture Supply: TradingView
Backside Line
Gavin Baker’s architecture-first investing strategy underscores a important actuality for traders: the AI revolution is just as quick as its bodily constraints. The overwhelming weight of proof means that the structural tailwinds of constrained provide and localized machine demand stay firmly intact.
Zacks’ Analysis Chief Names “Inventory Most More likely to Double”
Our staff of consultants has simply launched the 5 shares with the best likelihood of gaining +100% or extra within the coming months. Of these 5, Director of Analysis Sheraz Mian highlights the one inventory set to climb highest.
This prime decide is a little-known satellite-based communications agency. House is projected to turn out to be a trillion greenback trade, and this firm’s buyer base is rising quick. Analysts have forecasted a significant income breakout in 2025. After all, all our elite picks aren’t winners however this one might far surpass earlier Zacks’ Shares Set to Double like Hims & Hers Well being, which shot up +209%.
Free: See Our High Inventory And 4 Runners Up
Apple Inc. (AAPL) : Free Inventory Evaluation Report
Micron Know-how, Inc. (MU) : Free Inventory Evaluation Report
NVIDIA Company (NVDA) : Free Inventory Evaluation Report
Sandisk Company (SNDK) : Free Inventory Evaluation Report
Taiwan Semiconductor Manufacturing Firm Ltd. (TSM) : Free Inventory Evaluation Report
Coherent Corp. (COHR) : Free Inventory Evaluation Report
Astera Labs, Inc. (ALAB) : Free Inventory Evaluation Report
Cerebras Methods Inc. (CBRS) : Free Inventory Evaluation Report
This text initially revealed on Zacks Funding Analysis (zacks.com).
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
