After years of extreme concentration in U.S. mega-cap technology, relative strength is beginning to broaden across global markets. As participation expands into areas such as commodity-levered Peru and semiconductor-driven South Korea, performance dispersion is increasing and new sources of alpha are emerging outside the traditional U.S. growth complex. This report examines how targeted exposures to global growth and AI infrastructure may help advisors manage concentration risk while positioning for a more globally distributed leadership cycle.