Breaking down AI investment into four layers
Twelve months ago, the AI conversation among clients centred almost entirely on semiconductors and data centres. Today it has matured into something more nuanced and, frankly, more investable. At NCB Capital Markets Cayman, we’ve found it useful to break the AI trade into four distinct layers, each with a different risk and reward profile. Understanding which layer you’re actually buying, rather than treating ‘AI exposure’ as a single trade, has become essential to navigating this market sensibly. For a more complete summary of the story, please see the below link:
Published on: Jul 24, 2026 08:35 PM