Institutional Depth
We provide investors with cutting-edge research that has identified many of AI’s biggest winners early in their cycle.
About I/O Fund
AI is complex. Investing in it doesn't have to be.
The I/O Fund began in 2019 with a simple idea: publish the research we'd want as investors ourselves. We believe individual investors can achieve extraordinary results with access to the right tools.
FOUNDED
2019
OUR MISSION
Institutional-Grade Research Built for Individual Investors
Traditional finance is often late to big tech winners. We are rewriting the rules of early access.
Ahead of the Curve
Our methodology is built on catching macro tech trends and fundamental shifts before the broader market prices them in.
Radical Transparency
We invest our own capital alongside our readers. Our results are audited by a third-party accounting firm.
Technical but Simplified
We are not only early to AI stocks, but we also specialize in identifying lesser-known AI stocks that headlines miss.
Documented History of Identifying Leaders Early.
Key positions that delivered exceptional returns for our members.
Bloom Energy
305%Return • 2025
- ✦Early to the AI Energy theme, identifying the bottleneck in 2024
- ✦Built a large position between April and July 2025
- ✦Finished the year up 305% with our core position
- ✦Our lowest entry point returned 422% for the year
Astera Labs
140%Return • 2025
- ✦Built a large position near the 2025 lows
- ✦Delivered a 140% return for the year
- ✦A passive buy-and-hold strategy would have returned only 26%
Nvidia
5,700%Return • 2020-2025
- ✦Published over 25 analyses on Nvidia's AI thesis before the broader market recognized the opportunity in 2023
- ✦Issued 9 trade alerts under $40 between 2021-2023, including one at $10.85 on the October 2022 low
- ✦In 2025, sold half the position at $130.88, then repurchased 30% lower at $91
Bitcoin
780%Return • 2022-2025
- ✦Identified the start of a new Bitcoin bull market and issued 13 buy alerts between $25,000-$60,000
- ✦Sold nearly the entire position between April-December 2025 at $85,000-$113,000
- ✦Sidestepped a market top and locked in significant realized gains
Super Micro
243%Return • 2025
- ✦Generated combined realized returns of 243%
- ✦Actively managed risk to avoid subsequent volatility
Alt Coin
771%Return • 2020-2021
- ✦Built a position at an average cost basis of $4.60
- ✦Sold nearly the entire position in early 2021 at an average price of $40.05
- ✦Realized gain: 771%
Meet the Analyst Team
Meet the analysts driving the I/O Fund's outperforming portfolio.
Beth Kindig
Founder & Lead Tech Analyst
Beth Kindig is a veteran technology analyst with more than 15 years of experience covering both the private and public markets. She began her career in Silicon Valley in 2011—just as technology overtook oil as the world’s most valuable industry—and quickly distinguished herself for her prescient, high-conviction calls on emerging tech trends. By 2014, her analysis was being cited in major outlets, and she was invited to speak at leading industry conferences including Android Developers Conference, Advertising Week NYC, Tech Week Chicago, and BlackHat.
Learn More about Beth
Knox Ridley
Technical Portfolio Manager
Knox Ridley began his career in 2007 as a licensed ETF consultant, specializing in portfolio optimization. In this role, he worked with hundreds of financial advisors, RIAs, and CIOs at large institutions, gaining exposure to a wide range of investment strategies. After navigating the Great Financial Crisis, Knox developed a strong focus on risk management within growth-oriented portfolios. This approach allows Premium Members of the I/O Fund to pursue upside potential in technology investments while employing strategies to mitigate inevitable market downturns.
Learn More about Knox
Damien Robbins
Equity Analyst
Damien contributes to earnings coverage, financial modeling, and thematic research for members. His focus is on SaaS and cloud infrastructure — evaluating revenue durability, quality of earnings, and multi-year capital allocation narratives.
Learn More about DamienRated Excellent by Investors
12 out of 5 stars
Thank you Beth, you are awesome Beth, your analysis is second to none. When I saw your FOX News interview on YouTube, I had to check out your company and become an I/O Fund member. I also love how you…
Read more
Dear Beth, I don’t know if you will ever see this email because I am sure you receive more than “your fair share of emails” every week but I wanted to write you to say to you and your team “Thank you!…
Read more
Knox, I know I already said it recently, but I'm going to say it again: bravo and thank you. That last weekly webinar you did on February 29th was quite possibly the best bit of education I've had abo…
Read more
I've been following you for the past one year or so and confidently can say there is no one equal nor can they match up to you. I like the fact that you analyze equities with clarity and explain in si…
Read more
Fantastic article. Real in-depth and a learning opportunity for us investors. Thanks to you and your team I’ve made a lot of money on NVDA. I first bought in at 2017. Then in 2018 I read an excellent…
Read more
Shout out to @Beth_Kindig You laid out perfectly why $META was a buy on Making Money yesterday. I now some of the audience bought the stock or held. You are one of the best tech analyst/investors in t…
Read more
Just listened to the 2023 round up . Want to thank you all you guys for doing such a great and sensible job . I believe all of you put a lot into giving really great service . Please pass on the the m…
Read more
PHENOMENAL reporting Beth and Knox -- you and I/O are at the TOP of tech analysis -- thank you!
Read more
Hi. This message is for Beth if you wouldn't mind sending it on. I recently watched you on Real Vision’s The Journey Man with Raoul Pal and thought it was superb. Your responses to questions gave me m…
Read more
Thank you very much! I already familiarized myself with the investing group. Btw I discovered you on the realvision platform after your nvdia and nflx calls early this year. After i missed both i real…
Read more
Thank you! Beth, Knox, Royston, and the I/O team for this excellent report. I really applaud your deep well of knowledge, and the very high levels of accountability and transparency you bring to your…
Read more
KNOX, I have finally been converted to believing in the long term value of Bitcoin. I am retired and invest my own money to a large extent. Where and how is the safest way for me to buy and store Bitc…
Read more
You nailed it! Guidance was $16Billion exactly as you laid it out. Great job and research! You go girl! The reason I’m a member. Cheers!
Read more
I’ve been a member for about 2 years and love it. I’ve had advisors, various subscription services and IO is certainly the one that ticks the boxes in terms of what I was searching for, market analysi…
Read more
I have full subscription to IO Fund. Standout in terms of quality picks and risk management compared with other subscriptions I tried. Only regret is not buying or not buying more of past recommendati…
Read more
PRESS & MEDIA
I/O Fund in the Spotlight.
Expert analysis as seen on Fox Business, Bloomberg, CNBC, and the world's leading financial networks.
Recent Videos
February 26, 2026Beth Kindig
AI Fatigue or Big Opportunity? Nvidia’s Record Quarter Explained
Nvidia just delivered another record‑breaking earnings report, including a massive $6 billion beat in data center revenue and strong guidance into 2026 and 2027 — yet the stock reaction remains muted.
Recent Videos
February 26, 2026Beth Kindig
NVIDIA Blackwell Ultra vs. AMD CPUs: Why the AI Bottleneck is Shifting
As NVIDIA prepares to clear a high bar with Blackwell Ultra shipping in volume, the AI narrative is evolving. I/O Fund Lead Tech Analyst Beth Kindig joins Charles Payne to explain why the "GPU-only" story is over and why AI stocks in the CPU and Power sectors are becoming the new critical bottlenecks.
Recent Videos
February 9, 2026Beth Kindig
NVDA vs. AMD & Broadcom: The Next Phase of AI Chips (Plus: Palantir & Bitcoin Outlook)
As the AI cycle moves from infrastructure buildout to the yield phase, the winners are changing. I/O Fund Lead Tech Analyst Beth Kindig breaks down the "Inference Market" and why Broadcom (AVGO) and AMD are positioned to take a bite out of NVIDIA’s dominance.
Recent Videos
January 22, 2026Beth Kindig
AI Stocks: Why the “Inference Stage” Will Make Investors the Most Money in 2026
While the media warns of an “AI Bubble,” the real money is just beginning to flow. In this exclusive interview with Charles Payne, tech visionaries Beth Kindig (I/O Fund) and Ivana Delevska (Spear Invest) explain why we are exiting the R&D phase and entering the massive Inference & Monetization Stage of 2026.
Recent Videos
January 16, 2026Beth Kindig
Meta & Google: The Secret AI Winners? | Beth Kindig’s 2026 AI Stock Forecast
While many wrote off Meta and Google in the AI race, the data tells a different story. I/O Fund Lead Tech analyst Beth Kindig joins Charles Payne to break down why Meta is now #2 in AI revenue—second only to Nvidia—with a staggering $60 billion run rate. Explore why the $15-$20 trillion AI impact is about embedding LLMs into enterprise workloads, not just search.
Recent Videos
January 15, 2026Beth Kindig
AI Data Center Shortages & Investment Insights | Bloomberg Tech Interview
I joined Bloomberg Tech in New York to discuss critical shortages from the AI data center buildout and how investors can navigate AI stocks in this complex market. Insights from this interview highlight key trends shaping the AI industry and investment opportunities.
Recent Videos
December 17, 2025Beth Kindig
The $20B Proof: How OpenAI’s Revenue Ramp is Saving the AI Trade
Is Big Tech overspending on AI, or are we on the verge of the greatest monetization wave in history? In this deep dive, Beth Kindig (Lead Tech Analyst at I/O Fund) joins Bloomberg Technology to discuss why the "Drunken Sailor" spending narrative might be missing the bigger picture.
Recent Videos
November 20, 2025Beth Kindig
$20 TRILLION BY 2030: Beth Kindig on Why Nvidia’s Growth is Still Accelerating
In this segment, I/O Fund Lead Tech Analyst Beth Kindig discusses why NVIDIA's (NVDA) record-breaking performance is showing no signs of slowing down, even after clearing high market expectations. She dives into the company's QoQ growth, new product cycles, and the massive drivers that justify a staggering $20 Trillion market cap forecast by 2030. This is a must-watch analysis for anyone invested in semiconductors, AI, and Big Tech infrastructure.
Recent Videos
November 20, 2025Beth Kindig
Nvidia’s $20 Trillion Thesis: Why the Cloud GPU Sell-Out & 25% Growth Silences Naysayers
I/O Fund Lead Technology Analyst Beth Kindig joins Fox Business to break down the incredible post-earnings results for Nvidia and defend her aggressive $20 Trillion market cap forecast by 2030. Despite market volatility and "naysayers" who continue to question the AI boom, Kindig asserts that the fundamentals "get better and better and better".
Recent Videos
October 28, 2025Beth Kindig
OpenAI is the ‘Straw’: Top AI Analyst Reveals 3 Stock Picks
I/O Fund Lead Tech Analyst Beth Kindig breaks down the crucial role of OpenAI and reveals three of the I/O Fund's top AI stock picks for the quarter. Beth analyzes whether OpenAI is truly the "straw that stirs the AI drink," arguing that its greatest impact is the acceleration of enterprise adoption, forcing every company—including the FAANGs—to rush their AI deployment.
Recent Videos
October 17, 2025Beth Kindig
OpenAI’s Game Plan: The “iPhone of AI”? | Beth Kindig on AI Chips, Capex & Powering Data Centers
OpenAI is positioning itself as the “iPhone of AI,” says I/O Fund Lead Tech Analyst Beth Kindig — highlighting its developer ecosystem, government and enterprise demand, and massive AI capex. Beth also discusses the coming wave in AI networking, why chip pullbacks should be bought, and how Bloom Energy is powering the AI data center boom.
Recent Videos
August 29, 2025Beth Kindig
Beth Kindig – Nvidia Earnings, AI’s $500B Data Center Future & Energy as the Next 10x Investment
Nvidia’s Q2 weakness, Q3 strength, and the long-term impact of Blackwell GPUs are just the beginning. In this in-depth breakdown, Beth Kindig explains why Nvidia’s data center could hit $500B by 2028, how energy becomes the biggest bottleneck and investment opportunity, and why AI is an enterprise revolution, not a consumer fad.
Recent Videos
August 28, 2025Beth Kindig
Nvidia Earnings Strategy: Why Blackwell NVL72 Crushes H20 — Beth Kindig
I/O Fund’s Beth Kindig breaks down why Nvidia’s Blackwell NVL72s outperform H20s by a wide margin and how investors should approach $NVDA earnings despite the ongoing “China noise.” Gain insights into Nvidia’s AI roadmap, potential risks, and why Wall Street may be overlooking key catalysts.
Recent Videos
August 28, 2025Beth Kindig
Nvidia Downgraded: Why Wall Street Could Be Wrong on AI’s Biggest Winner
Nvidia just got a rare downgrade from Lynx Equity to Neutral with a $160 target — but does it hold weight? IO Fund’s Beth Kindig explains why Wall Street may be underestimating Nvidia’s AI-driven growth story.
Recent Videos
August 27, 2025Beth Kindig
Any Nvidia Dip Should Be Bought — I/O Fund’s Kindig Explains Why
Beth Kindig of I/O Fund explains why any dip in Nvidia’s stock could present a strong buying opportunity. She breaks down Nvidia’s unmatched position in AI infrastructure, its long-term growth drivers, and why short-term pullbacks may create value for investors focused on the future of AI.
Recent Videos
August 22, 2025Knox Ridley
Risk Management, AI Stocks & Bitcoin | I/O Fund Strategy with Knox Ridley & Vincent Duchaine
In this webinar, Knox Ridley (Portfolio Manager, I/O Fund) and Vincent Duchaine (Founder, Wealth Umbrella) break down the I/O Fund’s strategy for navigating today’s market. They highlight why risk management is critical at this stage of the cycle, how the fund times entries and exits using both fundamental and technical analysis, and what investors need to know about AI stocks like Nvidia and Bitcoin’s unique market drivers.
More Videos
July 31, 2025Beth Kindig
I’m Not Buying Apple or Amazon — Here’s Why | Beth Kindig on AI Investing
Beth Kindig of I/O Fund tells Bloomberg TV why she’s not buying Apple or Amazon as an AI investor, explaining the factors that make these tech giants less compelling for AI-driven growth compared to other opportunities in the market.
Recent Videos
July 29, 2025Beth Kindig
Inside the Race for AI Dominance | Why Energy Stocks Belong in AI Portfolios – Beth Kindig
I/O Fund Lead Tech Analyst Beth Kindig joins Making Money to break down the evolving AI landscape and why energy stocks are becoming a critical piece of AI-driven portfolios. In this interview, Beth explains how power demands from AI infrastructure are reshaping the market — and why investors should consider exposure to top-performing energy names alongside tech leaders like Nvidia and AMD.
Recent Videos
July 27, 2025Beth Kindig
The Smartest AI Bets Right Now? Follow the Capex | I/O Fund’s Beth Kindig Explains
Cut through the noise and get real insights on top tech stocks. Join Beth Kindig, Lead Analyst at I/O Fund, as she breaks down the latest in tech stocks and investment strategies.
Recent Videos
July 8, 2025Beth Kindig
Beth Kindig on Nvidia: China Chip Curbs Signal Bullish Demand | I/O Fund on Bloomberg Tech
Beth Kindig, Lead Tech Analyst at I/O Fund, joins Bloomberg Tech to discuss the latest U.S. semiconductor export restrictions to China. Kindig explains why the potential chip curbs could drive bullish demand for Nvidia and what it means for the broader AI chip market. Hosted by Caroline Hyde and Ed Ludlow.
Recent Videos
July 3, 2025Beth Kindig
COIN, AMD & Nvidia: Beth Kindig on the Inference Boom and Future of AI
Beth Kindig, Lead Tech Analyst at I/O Fund, joins Fox Business to explain the massive shift happening in markets right now. From Coinbase’s surge tied to Circle and stablecoins, to the AI inference market exploding, Beth highlights the real drivers behind recent rallies. She breaks down how Nvidia still leads AI training — but AMD could emerge as a top performer in the coming years. Learn what’s next for AI, crypto, and the tech sector.
Recent Videos
May 29, 2025Beth Kindig
Nvidia’s Blackwell Shocks the Market: Analyst Breakdown
Nvidia’s Blackwell architecture has “shocked the market,” says I/O Fund lead tech analyst Beth Kindig. In this interview on ‘Making Money,’ Beth unpacks Nvidia’s impressive earnings report, the future of AI chips, and what investors should watch next.
Recent Videos
May 28, 2025Beth Kindig
Massive AI Breakthrough: Tech Analyst on Nvidia Earnings & Self-Learning AI
Beth Kindig, lead tech analyst at I/O Fund, discusses Nvidia’s earnings and the groundbreaking advancements in AI self-learning capabilities on Fox Business’s Making Money. Learn why Nvidia’s growth story and AI development remain a key focus for tech investors.
Recent Videos
May 1, 2025Beth Kindig
Meta & Microsoft Earnings Beat: Beth Kindig Breaks Down Q1 2025 Results | I/O Fund on Bloomberg
Beth Kindig, Lead Tech Analyst at I/O Fund, appears on Bloomberg Asia to analyze Meta (Facebook) and Microsoft’s Q1 2025 earnings results. In this segment, Beth explains what drove the earnings beats, key revenue trends, AI updates, cloud growth, and what investors should watch next.
