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
About I/O Fund
We Simplify Tech Investing
The I/O Fund was founded with one mission: to empower individual investors to beat Wall Street in one of the most complex sectors, technology.
The I/O Fund began in 2019 with a simple idea: publish the research we'd want as investors ourselves. We believe everyday individual investors can achieve extraordinary results with access to thorough, independent analysis.
Founded
2019
Our MissionFinancial Research
Financial Research
Built Differently
Traditional finance wasn't built for individual investors. We are rewriting the rules of access.
1
Institutional Depth
We provide retail investors with the same level of granular, on-the-ground research typically reserved for Wall Street elites.
2
Ahead of the Curve
Our methodology is built on catching macro tech trends and fundamental shifts before the broader market prices them in.
3
Radical Transparency
Every trade, every allocation, and every thesis is published in real-time. We invest our own capital alongside our readers.
4
Global Perspective
Tech isn't local. We analyze global supply chains, international earnings, and cross-border dependencies to find the truth.
Our Journey
The I/O Fund Story
"We are unrivaled when it comes to choosing artificial intelligence winners. Nvidia was our highest allocation, yet there are many other AI winners the I/O Fund is poised to capture. We beat Wall Street to an explosive moment for AI and we plan to beat Wall Street again to other AI leaders."
BK
Beth KindigFounder & Lead Tech Analyst
2018
The Beginning
Free analysis launched with early AI coverage on Nvidia and Beth called the highest-performing stock of 2019 (Roku)
2019
Premium Launch
Premium site launched with early coverage on Bitcoin, Nvidia's AI story and Cloud Stocks ahead of the Covid-fueled cloud surge in the markets
2020
Research Portfolio
Research Portfolio Launched with triple-digit returns and outperformance due to identifying Zoom Video early (#1 stock of 2020) and other cloud software names
2021
Semiconductor Focus
Team began focusing more on semiconductors years ahead of the AI boom with Beth stating Nvidia would Surpass Apple – at the time, this was inconceivable
2022
Risk Management
Knox rolls-out a hedging strategy during a major bear market, staving off losses and helping to complete the I/O Fund's strategy of mixing risk management alongside tech stocks
2023
AI Allocation
The I/O Fund had a 45% allocation to AI ahead of the AI boom, Beth's consistent thesis that Nvidia would one day become the world's most valuable company begins to materialize
2024
AI Winners
The I/O Fund increases allocation to AI and finds winners such as Supermicro, AMD and Astera Labs. The team built its highest allocations in the semiconductor industry, the market's best-performing sector in tech in 2021, 2022, 2023, 2024, and 2025.
2025
Energy & Risk
The I/O Fund pushes further into AI with energy winners like Bloom Energy and leverages risk management strategy that had the team in 50% cash at the April lows, which resulted in 22 tranches being executed that month.
Documented History of
Identifying Leaders Early.
Key positions that delivered exceptional returns for our members.
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 leads research on AI, semiconductors, and high-conviction tech positions for the I/O Fund portfolio.
View Profile →
Knox Ridley
Technical Portfolio Manager
Knox focuses on technical analysis, risk management, and execution across equities and crypto.
View Profile →
Royston Roche
Equity Analyst
Royston supports deep-dive equity research and portfolio coverage across growth and tech names.
View Profile →
Damien Robbins
Equity Analyst
Damien contributes to earnings coverage, modeling, and thematic research for members.
View Profile →Rated Excellent by Investors
"Thank you Beth, you are awesome"
Beth, your analysis is second to none. When I saw your FOX News interview I knew I had to join. The clarity you bring to complex tech trends is unmatched.
A
Alex S
Subscriber since February 2024
"Great job and service"
I am a fairly new member and I just wanted to comment on what a great job and service you provide. Your analysis is very thorough and most importantly, profitable.
B
Bret S
Subscriber since January 2025
"Street savvy and intellect"
Beth, your comments are always thoughtful, but here your perspectives illustrate superb intellect, Street savvy and are simply spot on.
@
@jbluesman1
YouTube Channel Subscriber
"I want to say 'thank you'"
I want to say 'thank you' to Beth, Knox, and everyone else behind the scenes for your excellent and extremely high quality work. I am so glad I found this service.
E
Eric G
Subscriber since November 2023
"Best of all things I subscribe to"
The product offered is the best of all the things I subscribe for (Real Vision, Armstrong, free ARK). Keep up the good work. Great value for the price.
S
Stewart W
Subscriber since December 2023
"Thank your entire team"
I just wanted to take a moment to sincerely thank your entire team and let you know how important your work has been to me over the years.
F
Frank P
Subscriber since December 2020
Press & Media
I/O Fund in the Spotlight.
Expert analysis as seen on Fox Business, Bloomberg, CNBC, and the world's leading financial networks.
January 22, 2026
Beth KindigAI 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...
January 16, 2026
Beth KindigMeta & 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...
January 15, 2026
Beth KindigAI 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...
December 17, 2025
Beth KindigThe $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...
November 20, 2025
Beth 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...
November 20, 2025
Beth KindigNvidia'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...
The Results Speak for Themselves
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