Two trackers own the picks and shovels of the AI power grab

The AI boom needs power plants and missiles, not just chips, and both trackers own the winners. GE Vernova sank on a July 22 earnings miss even as its order backlog hit a record $176 billion, while Lockheed jumped over 10% on July 24 after beating and booking a record $230 billion backlog. Dips like this are the buildout repricing, not stalling.