CEP · Pulse 5 of 8 · Agentic Demand Family v3 · monthly composite
Consumer Endpoint Agent Pulse
The device-side wave of agentic AI. Smartphones with on-device NPUs, Copilot+ AI-PCs, wearables for personal agents, XR for spatial agents, OS-level assistants, and the local inference silicon underneath. Six sub-baskets, monthly cadence (device-refresh-cycle is the natural rhythm). The cross-read against CCP tells you whether inference is shifting from cloud to edge — the structural multi-year thesis.
⚡ Cross-pulse signal — Inference Shift Edge
CEP composite (86.5) leads CCP composite (62.5) by 24.0 points. The cloud→edge inference shift is now visible in price action. QCOM/ARM/AAPL endpoint silicon is being priced ahead of cloud-platform expansion. Multi-year structural thesis — hyperscaler-margin headwind, edge-silicon tailwind.
Multi-Basket Equity Gaps
Six sub-baskets organized by device-vertical. Cross-listing is intentional — AAPL appears in 5 baskets, QCOM in 5, ARM in 4 — multi-basket architecture reads each ticker's contribution per-vertical-theme. Composite is weighted by sub-basket weight, not by stock count.
| Sub-Basket | Vertical | Weight | 21d Basket Return | Score | Tickers |
|---|---|---|---|---|---|
| AI Smartphones | Smartphone-NPU coverage + on-device AI features | 25% | +45.57% | 100.0 | AAPL · QCOM · ARM · 005930.KS · 2454.TW |
| AI PCs | Copilot+ PC adoption + Snapdragon X / Ryzen AI / Core Ultra mix | 25% | +40.00% | 100.0 | QCOM · AMD · INTC · ARM · MSFT · HPQ · DELL · 0992.HK |
| Wearables / Personal Agents | Wearable-AI feature monetization + always-on personal agents | 10% | +24.90% | 100.0 | AAPL · GRMN · QCOM |
| XR / Spatial Agents | XR-runtime + Apple Vision Pro + Meta Quest adoption | 10% | +23.87% | 100.0 | META · AAPL · QCOM |
| Device OS / Assistant | OS-level agent monetization — Apple Intelligence, Workspace Gemini, Windows Copilot | 15% | +8.21% | 91.1 | AAPL · GOOGL · MSFT |
| Local Inference Silicon | NPU TOPS coverage + low-power inference capacity | 15% | +42.45% | 100.0 | QCOM · ARM · AMD · INTC · AAPL |
Methodology
CEP is Pulse 5 of 8 — renamed from "Consumer Edge Pulse" in v3 to reflect expanded scope: not just edge, but the whole endpoint device-agent surface. Monthly cadence because the device-refresh-cycle is the natural rhythm (2-4 years per consumer device). Weekly/daily reads would be noise.
Six sub-baskets weighted AI Smartphones 25% + AI PCs 25% + Wearables 10% + XR 10% + Device OS 15% + Local Inference Silicon 15%. Stock-price layer pulls from Closelook Data Lake. Earnings-NLP modules (AI-PC shipment mix, NPU attach rate, local-inference-dev velocity via GitHub stars on llama.cpp/Ollama/MLX) are stubbed in iteration 1.
Cross-pulse-cross-read: CEP composite − CCP composite = the cloud→edge inference shift indicator. Positive spread > 15pts = market pricing endpoint silicon ahead of cloud-platform expansion. The multi-year structural thesis Thomas's v3 spec calls out: agentic AI eventually shifts from cloud datacenters to consumer devices — when it does, QCOM/ARM/AAPL silicon captures value before hyperscalers do.
Pulse reading is a diary entry on our process, not investment advice.