Everyone's chasing the obvious AI plays, but here's what most investors are missing—the infrastructure companies quietly powering the entire boom. A recent deep dive from a major investment firm takes a closer look at those overlooked names that should be on your radar.

While the spotlight usually floods the mega-cap AI players, there's a whole ecosystem of lesser-known companies doing the unglamorous but essential work. We're talking about the backbone businesses: semiconductor suppliers, networking equipment manufacturers, data center operators, and specialized component makers that literally nobody talks about at dinner parties.

The thesis? Simple. When everyone focuses on the same dozen stocks, the real opportunity lies in the supporting cast. These companies don't grab headlines, but their revenue streams are locked in and growing. They're benefiting from the AI infrastructure buildout whether the hype cycle accelerates or corrects.

This kind of contrarian thinking is exactly what separates returns from the crowd. The companies everyone knows about are already priced in. The overlooked ones? That's where the real margin of safety tends to hide.