Euro-AI Sovereign 50
The first index measuring Europe's irreplaceable position in the global AI supply chain. 50 investable companies. 11 legacy transformers on RI watch. 4 small-cap next heroes. 13 countries. 7 sectors. Three weighting methods. Proprietary Revenue Intelligence scoring — the same analytical depth institutions pay seven figures to access, published transparently.
The Thesis
Europe doesn't build frontier AI models. It doesn't run hyperscale clouds. But every AI chip on Earth passes through European machines, European valves, and European optics before it computes a single token.
ASML's EUV lithography has no substitute. VAT Group's vacuum valves seal every advanced fab chamber. BE Semiconductor's hybrid bonding stacks the memory that makes AI possible. Schneider and Eaton distribute the power. Munters cools the racks.
The Euro-AI Sovereign 50 measures this. Not by market cap alone, but by Revenue Intelligence — a proprietary score quantifying how much of each company's business is AI-linked. The result: an investable signal that no STOXX, MSCI, or US-centric index captures.
America runs the bits.
This index measures what Europe still owns."
Three Weighting Variants
Same 50 companies. Three lenses. The divergence between them is the product.
Market cap × Revenue Intelligence score. 10% single-stock cap. Rewards companies with the highest AI revenue exposure at scale.
Free-float market cap with 8% cap. Institutional-grade diversification for European AI infrastructure.
2% per stock, no cap. Maximum diversification across all 50 constituents. Best gauge of average European AI stock performance.
7 Sectors
Revenue Intelligence (RI) Score
The backbone of the index. RI quantifies how much of a company's economic activity — revenue, backlog, and R&D — is directly AI-linked. Updated quarterly with earnings.
- ✓EUV lithography systems
- ✓Data center power distribution & cooling
- ✓AI-native software (LLM, agentic, ML-core)
- ✓Defense AI platforms (sensor fusion, autonomous)
- ✓HBM packaging, advanced substrates
- ✓Hyperscaler confirmed backlog
- ✗Legacy node semiconductor equipment
- ✗Residential electrical products
- ✗Traditional software with AI branding
- ✗Conventional munitions without AI guidance
Analysis Charts
Full charting with indicators, oscillators, and benchmark overlays. Identical Murphy-framework toolset as the Rubin Build-Out 100.
The Divergence Signal
Where RI-weight and cap-weight diverge reveals what Europe's AI economy looks like versus what market cap says it looks like. This is the editorial engine.
Benchmark Universe
Every constituent benchmarkable against the index. Every index variant benchmarkable against European and US indices. Same framework as Rubin Build-Out 100.
Relevance Index Heatmap
Tile size reflects market cap weighting. Color intensity reflects the Closelook Relevance Index (RI) — how directly a company benefits from the European AI build-out. Grouped by sector.
All 50 Constituents
| # | Tier | Ticker | Company | 30D | Sector | Price | MC €B | RI Score | RI-Wt% | Cap-Wt% |
|---|
Tier 3 — Legacy Transformers
€425B in European industrial giants pivoting to AI. Not in the NAV — but tracked quarterly for RI trajectory. When their AI revenue share crosses thresholds, they promote into the Core 50. The editorial companion to the investable index.
| # | Ticker | Company | Sector | MC €B | RI Score | AI Pivot Story |
|---|
Tier 4 — Watchlist · Small-Cap Next Heroes
Pre-eligibility radar. Sub-€1.2B market cap companies with high RI scores and structural positions in the AI supply chain. These are the names that could 3–5× into Tier 2 eligibility. The small-cap discovery engine.
Tier 4 is where the next SUSS, the next VAT, the next Munters lives. These companies have the RI scores but not yet the market cap. The moment they cross €1.2B with RI ≥ 0.22, they enter the promotion pipeline.
Combined Tier 4 MC: €2.3B — smaller than a single mid-cap, but structurally positioned at bottleneck nodes.
Access
Institutional-grade methodology published with full transparency. The same analytical depth and rigor, without the access barrier.
Institutional-grade methodology published with full transparency. The same analytical depth and rigor, without the access barrier.
- Daily NAV — all 3 variants
- Constituent list (50 companies)
- Quarterly RI score updates
- Sector & country heatmaps
- Everything in Signal
- Full RI methodology per company
- Divergence chart (MC vs RI)
- Tier 3 watchlist + promotion radar
- Tier 1 sub-index daily
- Weekly Signal framework
- TradingView analysis charts
- Everything in Professional
- Downloadable data (CSV/API)
- Custom weighting scenarios
- Rebalance preview (5 days early)
- Direct analyst access
- Backtest data from base date