The Companies Building AI Hardware Have Been Among the Market's Biggest Winners. Trade Them With 2X Leverage

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AI infrastructure continues to attract massive investment, and AI hardware stocks have been among the biggest beneficiaries. Electronics Manufacturing Services companies, known as EMS, do not design chips or write software. They build the servers, circuit boards, networking gear, and data center hardware that hyperscalers need to bring AI systems online. As AI capital expenditure accelerates, demand for EMS capacity is accelerating with it.

Two EMS companies have seen that demand translate into triple-digit growth for their share prices. TTM Technologies (TTMI) is the largest printed circuit board manufacturer in North America and a leading supplier to both the U.S. military and the AI data center buildout. Celestica (CLS) designs, builds, and tests the servers, networking equipment, and storage systems that the world's largest hyperscalers depend on. Although they serve different customers in the EMS space, both companies are riding the same fundamental tailwind: AI hardware demand that continues to outpace available manufacturing capacity.

For active traders looking to capture that volatility, the Tradr 2X Long TTMI Daily ETF (TTMX) and the Tradr 2X Long CLS Daily ETF (CSEX) offer 200% daily leveraged exposure to each stock in a single trade.

AI Hyperscaler Spending Is Creating a Boost for EMS Companies

AI hyperscalers are projected to spend between $600 billion and $800 billion in capital expenditures in 2026 alone, with estimates for 2027 pushing toward $1.1 trillion. Every dollar of that spending eventually requires physical hardware: servers to run models, circuit boards to connect systems, networking gear to move data between machines. EMS companies are the ones who build it.

Both TTMI and CLS carry betas above 2.0, meaning they tend to move more than twice as much as the broader market on any given day. That volatility has worked in both directions, creating the kind of sharp, directional price action that 2X leveraged ETFs are designed to capture.

TTM Technologies (TTMI)

TTM Technologies (TTMI) is the largest printed circuit board manufacturer in North America and the largest supplier of circuit boards to the U.S. military. Its business spans AI data center hardware and defense electronics, giving it two high-growth demand streams running simultaneously.

The stock has been among the market's top performers over the past year. The company recently posted record quarterly net sales and record non-GAAP earnings per share, with its Data Center Computing segment growing 66% year-over-year. TTM carries a defense program backlog of $1.61 billion and recently secured a contract with Raytheon worth up to $200 million. In June 2026, it was added to the Russell 1000 Index, upgraded from the Russell 2000, reflecting how significantly the company's market capitalization has grown.

The Tradr 2X Long TTMI Daily ETF (TTMX) seeks to provide double the daily exposure to TTMI's price action as the company scales across both AI infrastructure and defense electronics. For more information about TTMX, CLICK HERE.

Celestica (CLS)

Celestica (CLS) designs, engineers, and manufactures the servers, storage systems, and networking equipment that AI hyperscalers run their infrastructure on. It is one of the world's largest electronics manufacturing services companies, and its AI data center business has become its primary growth engine.

Celestica is already building 800G networking equipment for AI customers and has begun ramping 1.6T equipment for two hyperscaler customers, which doubles the switch capacity of its existing product line. Revenue is projected to grow 54% in 2026 and another 38% in 2027. 

The Tradr 2X Long CLS Daily ETF (CSEX) seeks to provide double the daily exposure to CLS's price action as the company scales its AI data center manufacturing capacity for the world's largest hyperscalers. For more information about CSEX, CLICK HERE.

What the Analysts Are Saying

Of 19 analysts covering CLS, the consensus is Strong Buy, with a mean price target of $452.70. Of 6 analysts covering TTMI, the consensus is also Strong Buy, with a mean price target of $224.67. Both stocks have high beta and implied volatility near 100%; this reflects how actively they are being traded around earnings, index changes, and contract announcements.

Trading the AI Hardware Manufacturing Boom With 2X Leverage

The Tradr 2X Long TTMI Daily ETF (TTMX) and the Tradr 2X Long CLS Daily ETF (CSEX) each seek 200% of the daily performance of their respective underlying stocks, before fees and expenses.

• When TTMI or CLS rises 1%, the corresponding fund targets a 2% gain (before fees)
• When TTMI or CLS falls 1%, the corresponding fund targets a 2% decline (before fees)
• Both funds are designed for active traders with a bullish short-term view on AI hardware manufacturing momentum

Both funds reset their leverage daily. The 2X target applies to single-day price movements, and holding either fund beyond a single day introduces compounding effects.

Trade the Companies Building the AI Economy With 2X Leverage

AI hyperscaler spending continues to grow at an unprecedented rate, and the companies manufacturing the hardware required to keep up with that demand are trading with the volatility to match. For active traders with a view on where these two stocks go from here, the Tradr 2X Long TTMI Daily ETF (TTMX) and the Tradr 2X Long CLS Daily ETF (CSEX) offer amplified, single-ticker exposure to the companies building it.

Leveraged ETFs Involve Significant Risks

Tradr ETFs are for sophisticated investors and professional traders with high conviction views and are very different from most other exchange-traded funds. Know the risks before you invest. The significant risks of leveraged and/or inverse ETFs include the risks of leverage, derivatives, and/or other complex investment strategies that they employ. These investments are designed for short-term trading for investors seeking daily, monthly or quarterly leveraged investment results.

Investors in the ETF should: (a) understand the risks associated with the use of leverage; (b) understand the consequences of seeking daily, calendar month and calendar quarter inverse and leveraged investment results; (c) for short ETFs, understand the risk of shorting; (d) intend to actively monitor and manage their investment. ETF performance will likely be significantly different than the benchmark over periods longer than the specified reset period and the performance may trend in the opposite direction than its benchmark over periods other than that period.

The ETFs seek leveraged investment results over a specific period and are intended to be used as short-term trading vehicles. The ETFs pursue leveraged investment objectives, which means they are riskier than alternatives that do not use leverage because the ETFs magnify the performance of their underlying security. The volatility of the underlying security may affect an ETF's return as much as, or more than, the return of the underlying security.

The ETF will not attempt to position its portfolio to ensure it does not gain or lose more than a maximum percentage of its net asset value on a given trading day. As a consequence, investors in an ETF that seeks two times daily performance would lose all of their money if the ETF's underlying security moves more than 50% in a direction adverse to the ETF on a given trading day.

ETFs involve risk including possible loss of principal. There is no assurance that the ETF will achieve its investment objective. Principal risks and other important risks may be found in the prospectus.

Investors should carefully consider the investment objectives, risks, charges and expenses of the ETF before investing. To obtain a prospectus containing this and other important information, please visit www.tradretfs.com to view or download a prospectus online. Read the ETF's prospectus carefully before you invest.

Distributed by ALPS Distributors, Inc, which is not affiliated with AXS Investments or its Tradr ETFs. AXI001000

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