Tema ETFs' Photonics & Optical ETF (LAZR) has significantly increased its stake in Anthropic to 15%, making it a top holding. This move reflects TEMA's thesis that AI's infrastructure bottlenecks, particularly in optical technology, will drive demand for photonics, benefiting both Anthropic and the broader optical ecosystem.
This filing discloses that Tema ETFs' Photonics & Optical ETF (LAZR) has boosted its allocation to Anthropic, a private AI model developer, to 15%. This is significant because it highlights a strategic shift in investment focus beyond traditional GPU-centric AI plays, emphasizing the growing importance of optical infrastructure in addressing AI's 'compute, memory, and optical' bottlenecks. For LAZR, this provides a two-layered exposure: direct growth from a leading AI developer and indirect benefit from the demand for photonics technologies. This could be a long-term opportunity for investors looking for diversified AI infrastructure exposure, moving beyond just semiconductor manufacturers.