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 the Founder and Portfolio Manager of the I/O Fund, an audited technology portfolio that has returned 326% since its May 2020 inception, or 29.2% annualized.<br /> <br /> <br /> With more than 15 years of experience covering private and public technology companies, Beth developed her investment methodology through exposure to thousands of growth-stage companies. This experience shaped a pattern-recognition-driven approach to identifying emerging technology trends and the companies positioned to benefit from them before those shifts become widely recognized by the market.<br /> <br /> <br /> Beth is perhaps best known as the “Queen of Nvidia,” following her early conviction in Nvidia and AI semiconductors beginning in 2018. Going into 2023, she had positioned 45% of the I/O Fund portfolio in AI semiconductors, ahead of what would become one of the most consequential technology investment cycles in decades.<br /> <br /> <br /> Today, Beth’s research reaches tens of thousands of investors through the I/O Fund’s subscriber community and newsletter, alongside more than 172,000 followers on X. She is a regular guest on Fox Business, Bloomberg Tech and Bloomberg Asia and has appeared on CNBC, NPR, BBC Radio and Real Vision. Her analysis has also been featured in Forbes, MarketWatch, VentureBeat and other financial and technology publications.<br /> <br /> <br /> At the center of Beth’s work is a commitment to making institutional-quality technology research accessible to individual investors. Her research focuses on identifying the companies and technologies positioned to lead major technology cycles well before those shifts are fully reflected in the market.
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. <br /> <br /> <br /> A keen observer of macroeconomic trends, Knox is trained in Fibonacci Trading, Elliott Wave Theory, and Gann Cycles. Unlike most portfolio managers, he integrates advanced technical analysis with automated quantitative signals to manage risk and identify high-probability, risk/reward opportunities. As Portfolio Manager of the I/O Fund, Knox has consistently outperformed his benchmark, as well as leading Wall Street funds, since inception.
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
I just wanted to drop a quick note and as a new premium subscriber. I joined this month and am very pleased with the site. I understand ant new website is a process and am seeing steady progress. I al…
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You may not realize it, but your work has turned my life upside down — in the best possible way. Three years ago, I became interested in investing. For months, I searched extensively for a reference p…
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I've been a happy subscriber for some time. Your market-regime signal and the supply-chain research kept me from mistaking a minor sell off from a major selloff. Certainly if it wasn't for your work I…
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Hello! Wow! Love 😍 the new chart!!! Thank you for EVERYTHING you do. The whole service, everyone, is amazing! Lindsay W
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Absolutely love it when we get this kind of detailed explanation in the market update (or on the buy / sell page) when you buy or sell a stock in your portfolio. We know exactly WHY you're taking the…
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I recently signed up for the I/O Discovery tier in addition to the others I have. This is just a quick note to let you know it is WELL worth it. For example, the recent write-ups on LRCX and SIMO were…
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Thank you for an amazing lineup of stock picks to have a day like today! I don’t think I’ve ever seen my portfolio have so many double digit percentage increases in a single day! Thanks, Jon C
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Hi Beth and Knox and I/O Team, Your work ethic is off the charts! Knox should "chart it"! 😀 "90 pages of carefully crafted discernment." Indeed it is -- mind-boggling to me as an inexpert investor. I…
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I want to commend you on writing this report on positions. This is an advance over Ripley's weekly presentations, which are choppy and helpful but sometimes difficult to follow, especially when it com…
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The team has been amazing for me, and I can’t thank you enough so far. I’ve managed to decrease overall portfolio risk while taking bigger individual bets thanks to your research and insights. Hoping…
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I attended my first webinar yesterday and found it very informative. Knox shared many valuable insights. Larry W
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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…
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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!…
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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…
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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…
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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
September 25, 2026Beth Kindig
Beth Kindig on AI’s Next Wave: Inference, Cybersecurity & Energy Stocks
In an interview with Charles Payne on Fox Business, Beth Kindig of the I/O Fund discusses why investors should focus less on AI doomsday narratives and more on the technology’s growing economic impact. Beth highlights how AI is already driving productivity gains across software development and enterprise workflows, while warning that slowing U.S. AI development […]
Media
September 8, 2026Beth Kindig
Nvidia Just Changed the AI Game Again | Charles Payne & Beth Kindig
Nvidia delivered another blockbuster earnings report, but this time the market reaction was different. On Making Money, Charles Payne breaks down Nvidia’s massive earnings beat, strong guidance, and the key reasons investors are cheering. Joined by I/O Fund CEO and lead tech analyst Beth Kindig, the discussion explores why Nvidia’s growth may be even bigger […]
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.
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.
