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AI Board · closes through 11 Nov 2026

AI Indices — Rubin, Ecosystem, Winners and AI Users, every session

AI indices — Most Rubin names are losing strength (124 of 130); most Ecosystem names are losing strength (19 of 34); most Winners names are getting stronger (27 of 40). On the week Rubin +2.1%, Ecosystem +1.0%, Winners −0.7%, AI Users −1.4%.

Index workers · Directional Flow scan of 11 Nov 2026 · YTD from the first close of the year (2 Jan 2026) · local currency · today's board as an image

1 · The indices

IndexLevelDayWeekMonthYTDFrom the year's high
Rubin Build-Out 100capex: what gets built 1670.85 +4.9% +2.1% −16.5% +62.5% −32.6%high 22 Jun 2026
Agentic Ecosystemopex: what it costs to run 1476.14 +3.1% +1.0% −14.5% +49.6% −17.4%high 9 Oct 2026
Agentic Winners 40applications: what gets sold on top 930.39 +0.8% −0.7% −1.3% −4.9% −7.7%high 7 Jan 2026
AI Usersadoption: who puts it to work 1020.82 +0.4% −1.4% +5.4% +2.7% −1.4%high 4 Nov 2026
Jensen — NVIDIA Strategic Authoritythe NVIDIA-ecosystem book $2.69m +7.3% +5.6% — +92%since 12 Jul 2023 —

Equal-weight headline of each index. Jensen is a book, not an index: its value is the book's market value and its return runs since inception (so no YTD); day and week weight each live stock line's lake return by its market value, with the cash share at zero.

2 · Sectors: best and worst per index

Rubin 24 sectors

Week

Best 3

  1. Fab Subsystems & Process Infra+10.6%
  2. DC Construction+5.5%
  3. Thermal Management+5.3%

Worst 3

  1. Storage−6.4%
  2. HBM Memory−4.1%
  3. Substrates & Interposers−4.1%

Year to date

Best 3

  1. Storage+167.1%
  2. Substrates & Interposers+124.0%
  3. HBM Memory+117.9%

Worst 3

  1. Photomasks & Mask Infrastructure−12.2%
  2. Wafer Processing & Precision−7.4%
  3. Robotics & Automation+0.0%

Ecosystem 8 sectors · Coordination & Messaging has no listed members yet

Week

Best 3

  1. Compute Operators+8.2%
  2. Operations & Observability+8.1%
  3. Runtime & API Gateways+4.9%

Worst 3

  1. Agentic Security−4.6%
  2. Data & Memory−1.3%
  3. Identity, Trust & Governance+0.6%

Year to date

Best 3

  1. Foundation Models+276.8%
  2. Runtime & API Gateways+130.2%
  3. Identity, Trust & Governance+61.5%

Worst 3

  1. Compute Operators+16.7%
  2. Data & Memory+34.3%
  3. Agentic Security+48.9%

Winners 4 sectors

Week

Best 2

  1. Endpoints+3.5%
  2. Application Leaders−2.0%

Worst 2

  1. Megacap Gateway−2.6%
  2. Control Plane−2.3%

Year to date

Best 2

  1. Megacap Gateway+8.2%
  2. Application Leaders+1.9%

Worst 2

  1. Endpoints−19.5%
  2. Control Plane−13.3%

AI Users 7 sectors

Week

Best 3

  1. Physical Operations & Asset Productivity+3.0%
  2. Workflow & Service Productivity+1.6%
  3. Commerce & Customer Growth+0.6%

Worst 3

  1. Supply Chain & Fulfilment−4.5%
  2. Decision Intelligence & Risk−3.7%
  3. Research, Design & Development−3.6%

Year to date

Best 3

  1. Research, Design & Development+31.0%
  2. Physical Operations & Asset Productivity+11.8%
  3. Supply Chain & Fulfilment+11.0%

Worst 3

  1. Implementation & Service Delivery−12.9%
  2. Decision Intelligence & Risk−11.4%
  3. Commerce & Customer Growth−10.3%

3 · Top and bottom ten sectors across all four

43 sector sub-indices of Rubin, Ecosystem, Winners and AI Users in one ranking, equal weight.

Week

Top ten

  1. Fab Subsystems & Process InfraRubin+10.6%
  2. Compute OperatorsEcosystem+8.2%
  3. Operations & ObservabilityEcosystem+8.1%
  4. DC ConstructionRubin+5.5%
  5. Thermal ManagementRubin+5.3%
  6. Runtime & API GatewaysEcosystem+4.9%
  7. Foundry & IntegrationRubin+4.9%
  8. Power SemiconductorsRubin+4.5%
  9. Testing & MetrologyRubin+4.5%
  10. Grid & Power InfrastructureRubin+3.9%

Bottom ten

  1. StorageRubin−6.4%
  2. Agentic SecurityEcosystem−4.6%
  3. Supply Chain & FulfilmentAI Users−4.5%
  4. HBM MemoryRubin−4.1%
  5. Substrates & InterposersRubin−4.1%
  6. Decision Intelligence & RiskAI Users−3.7%
  7. Research, Design & DevelopmentAI Users−3.6%
  8. Robotics & AutomationRubin−3.1%
  9. Megacap GatewayWinners−2.6%
  10. Control PlaneWinners−2.3%

Year to date

Top ten

  1. Foundation ModelsEcosystem+276.8%
  2. StorageRubin+167.1%
  3. Runtime & API GatewaysEcosystem+130.2%
  4. Substrates & InterposersRubin+124.0%
  5. HBM MemoryRubin+117.9%
  6. Advanced MaterialsRubin+85.3%
  7. AI Factory SystemsRubin+82.3%
  8. High-Speed InterconnectsRubin+76.8%
  9. Architects (Chip Design)Rubin+66.5%
  10. Identity, Trust & GovernanceEcosystem+61.5%

Bottom ten

  1. EndpointsWinners−19.5%
  2. Control PlaneWinners−13.3%
  3. Implementation & Service DeliveryAI Users−12.9%
  4. Photomasks & Mask InfrastructureRubin−12.2%
  5. Decision Intelligence & RiskAI Users−11.4%
  6. Commerce & Customer GrowthAI Users−10.3%
  7. Wafer Processing & PrecisionRubin−7.4%
  8. Robotics & AutomationRubin+0.0%
  9. Application LeadersWinners+1.9%
  10. Megacap GatewayWinners+8.2%

4 · Top and bottom ten names across all four

234 names in Rubin, Ecosystem, Winners and AI Users together, each counted once.

Week

Top ten

AppLovinAPPWinners · Endpoints +48.9%
AAONAAONRubin · Thermal Management +31.0%
JFrogFROGEcosystem · Operations & Observability +26.8%
CoreWeaveCRWVEcosystem · Compute Operators +25.5%
Axcelis TechnologiesACLSRubin · Fab Subsystems & Process Infra +20.6%
CoherentCOHRRubin · High-Speed Interconnects +20.2%
CloudflareNETEcosystem · Edge & Distribution +18.2%
Monolithic Power SystemsMPWRRubin · Power Semiconductors +17.3%
Onto InnovationONTORubin · Testing & Metrology +16.4%
MKS InstrumentsMKSIRubin · Fab Subsystems & Process Infra +15.9%

Bottom ten

monday.comMNDYWinners · Application Leaders −19.8%
AtlassianTEAMWinners · Application Leaders −19.7%
NateraNTRAAI Users · Research, Design & Development −18.2%
FastlyFSLYEcosystem · Edge & Distribution −17.9%
Ajinomoto2802.TRubin · Gases, Chemicals & Consumables −14.8%
Ibiden4062.TRubin · Substrates & Interposers −13.9%
ZscalerZSEcosystem · Agentic Security −13.7%
NVIDIANVDARubin · Winners · Architects (Chip Design) −13.2%
MercadoLibreMELIWinners · Endpoints −13.1%
TechnoprobeTPRO.MIRubin · Testing & Metrology −11.5%

Year to date

Top ten

SoitecSOI.PARubin · Advanced Materials +335.7%
SanDiskSNDKRubin · Storage +318.1%
Unimicron3037.TWRubin · Substrates & Interposers +294.5%
AT&SATS.VIRubin · Substrates & Interposers +284.8%
Zhipu AI / Z.ai2513.HKEcosystem · Foundation Models +279.6%
Aehr Test SystemsAEHRRubin · Testing & Metrology +196.8%
Dell TechnologiesDELLRubin · AI Factory Systems +194.6%
Micron TechnologyMURubin · HBM Memory +157.3%
Kioxia285A.TRubin · Storage +153.0%
AMDAMDRubin · Architects (Chip Design) +147.4%

Bottom ten

RedditRDDTWinners · Endpoints −56.3%
CoStarCSGPWinners · Application Leaders −53.9%
IRENIRENEcosystem · Compute Operators −51.2%
HubSpotHUBSWinners · Application Leaders −46.9%
monday.comMNDYWinners · Application Leaders −45.9%
IntuitINTUWinners · Application Leaders −45.3%
Sea LimitedSEWinners · Endpoints −43.7%
SoFiSOFIAI Users · Decision Intelligence & Risk −40.8%
Kingdee0268.HKWinners · Application Leaders −35.7%
RobloxRBLXAI Users · Commerce & Customer Growth −35.0%

5 · Best and worst names per index

Rubin 130 names

Week

Best 5

  1. AAON+31.0%
  2. Axcelis Technologies+20.6%
  3. Coherent+20.2%
  4. Monolithic Power Systems+17.3%
  5. Onto Innovation+16.4%

Worst 5

  1. Ajinomoto−14.8%
  2. Ibiden−13.9%
  3. NVIDIA−13.2%
  4. Technoprobe−11.5%
  5. Kioxia−10.8%

Year to date

Best 5

  1. Soitec+335.7%
  2. SanDisk+318.1%
  3. Unimicron+294.5%
  4. AT&S+284.8%
  5. Aehr Test Systems+196.8%

Worst 5

  1. Modine Manufacturing−24.3%
  2. Fabrinet−23.0%
  3. Yaskawa Electric−21.7%
  4. Photronics−13.4%
  5. Toppan Holdings−12.0%

Ecosystem 34 names

Week

Best 5

  1. JFrog+26.8%
  2. CoreWeave+25.5%
  3. Cloudflare+18.2%
  4. Nebius+9.3%
  5. Sakura Internet+9.0%

Worst 5

  1. Fastly−17.9%
  2. Zscaler−13.7%
  3. Rubrik−8.2%
  4. Trend Micro−5.1%
  5. CrowdStrike−5.0%

Year to date

Best 5

  1. Zhipu AI / Z.ai+279.6%
  2. BlackBerry+147.4%
  3. Okta+117.9%
  4. CrowdStrike+102.0%
  5. Palo Alto Networks+86.5%

Worst 5

  1. IREN−51.2%
  2. CoreWeave−23.4%
  3. Kingsoft Cloud−22.1%
  4. MongoDB−15.4%
  5. Zscaler−12.1%

Winners 40 names

Week

Best 5

  1. AppLovin+48.9%
  2. NAVER+13.8%
  3. Money Forward+11.7%
  4. Kingdee+10.2%
  5. Kakao+10.0%

Worst 5

  1. monday.com−19.8%
  2. Atlassian−19.7%
  3. NVIDIA−13.2%
  4. MercadoLibre−13.1%
  5. Sea Limited−7.7%

Year to date

Best 5

  1. Money Forward+68.1%
  2. freee+63.1%
  3. Appier+44.5%
  4. Veeva+38.9%
  5. Apple+31.4%

Worst 5

  1. Reddit−56.3%
  2. CoStar−53.9%
  3. HubSpot−46.9%
  4. monday.com−45.9%
  5. Intuit−45.3%

AI Users 32 names

Week

Best 5

  1. Genpact+6.9%
  2. Roblox+6.7%
  3. Rolls-Royce+6.3%
  4. GE Aerospace+4.0%
  5. Nubank+2.8%

Worst 5

  1. Natera−18.2%
  2. Maersk−10.4%
  3. Affirm−10.3%
  4. DoorDash−10.2%
  5. SoFi−6.4%

Year to date

Best 5

  1. Natera+39.8%
  2. Maersk+39.4%
  3. Airbnb+36.2%
  4. Eli Lilly+33.3%
  5. DHL Group+33.2%

Worst 5

  1. SoFi−40.8%
  2. Roblox−35.0%
  3. Infosys−29.6%
  4. Nubank−27.6%
  5. Booking Holdings−24.2%

6 · The structure underneath: Directional Flow

Directional Flow is the Pattern Scanner's trend-persistence reading for each member. "Stronger" counts names whose flow is accelerating up or has turned up; "weaker" counts names whose flow is decelerating or accelerating down. The trend compares the five-day change of the average flow with its 21-day change.

Rubin 130 names

  • getting stronger 4
  • turning up 1
  • losing force 97
  • flat 1
  • getting weaker 27
Stronger / weaker
5 / 124vs yesterday ±0 / −1
Average flow
34.25 days −9.9 · 21 days −33.1 · vs — −9.9
Trend
falling

Strongest and weakest flow

Ecosystem 34 names

  • getting stronger 13
  • turning up 0
  • losing force 14
  • flat 2
  • getting weaker 5
Stronger / weaker
13 / 19vs yesterday ±0 / +1
Average flow
54.35 days −4.9 · 21 days −10.4 · vs — −4.8
Trend
falling

Turned since the prior session

  • ↓ NetApp flat → losing force

Strongest and weakest flow

Winners 40 names

  • getting stronger 22
  • turning up 5
  • losing force 3
  • flat 3
  • getting weaker 7
Stronger / weaker
27 / 10vs yesterday ±0 / ±0
Average flow
12.05 days +2.1 · 21 days +12.6 · vs — +2.2
Trend
rising

Strongest and weakest flow

More on the method: Directional Flow rankings · Rubin Rotation Radar · compare the indices. An investment research diary, not investment advice.

FAQ · from the current data · as of 2026-11-11

Quick answers

What is the AI Board?

A daily read of the four Closelooknet AI indices — Rubin Build-Out 100 (what gets built), the Agentic Ecosystem (what it costs to run), Agentic Winners 40 (what gets sold on top) and AI Users (who puts it to work in an existing business) — plus the Jensen book: index level, sectors, names and the Directional Flow structure underneath. Closes through 11 Nov 2026.

When is it updated?

Tuesday to Saturday around 02:00 UTC, after the index workers and the Directional Flow scan have the prior US close. Saturday carries Friday.

What does "getting stronger" and "losing strength" mean here?

They count Directional Flow states. Getting stronger = the flow is accelerating up or has turned up; losing strength = the flow is still positive but decelerating, or accelerating down. Directional Flow is Closelooknet's trend-persistence reading from the Pattern Scanner, not a price return.

Which YTD base does the board use?

The index workers' base: the first close of the year (2 Jan 2026 this year). Member YTD is computed from lake closes on the same base, in local currency.

Is this investment advice?

No. The board is a data surface in an investment research diary; it records what the indices and their members did and recommends nothing.