> For the complete documentation index, see [llms.txt](https://docs.paragon.trade/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.paragon.trade/markets/equities.md).

# Equities

Single-name equity perpetuals — leveraged, cash-settled exposure. Holding a contract confers no ownership, voting, or dividend rights.

| Market  | Status | Underlying                             | Description                                                                                                                                     |
| ------- | ------ | -------------------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------- |
| AAOI    | Listed | Applied Optoelectronics, Inc.          | Designs and manufactures lasers, optical transceivers, and networking equipment for AI data centers, cloud, telecom, and fiber access networks. |
| AVGO    | Listed | Broadcom                               | Semiconductor & AI-infrastructure exposure                                                                                                      |
| CIEN    | Listed | Ciena Corporation                      | Optical networking and coherent optics for carrier backbones and data center interconnect                                                       |
| COHR    | Listed | Coherent Corp.                         | Lasers, optical transceivers, and photonics components                                                                                          |
| CRDO    | Listed | Credo Technology Group Holding Ltd.    | High-speed connectivity for AI data centers and hyperscale networks                                                                             |
| CRWD    | Listed | CrowdStrike Holdings, Inc.             | Cloud-native cybersecurity for endpoint, identity, and cloud workload protection and threat response                                            |
| GLW     | Listed | Corning Incorporated                   | Specialty glass, optical fiber, display, and advanced materials                                                                                 |
| IREN    | Listed | IREN Limited                           | Renewable-powered data centers for AI cloud, HPC, and Bitcoin mining                                                                            |
| LRCX    | Listed | Lam Research Corporation               | Wafer fabrication equipment for advanced semiconductor manufacturing                                                                            |
| NET     | Listed | Cloudflare, Inc.                       | Cloud networking, cybersecurity, and content delivery infrastructure                                                                            |
| RDDT    | Listed | Reddit, Inc.                           | Community-driven social platform monetized through advertising and data licensing                                                               |
| SMCI    | Listed | Super Micro Computer, Inc.             | SMCI tracks the value of one share of Super Micro Computer.                                                                                     |
| STX     | Listed | Seagate Technology Holdings plc        | Hard drives and mass-capacity storage systems for AI infrastructure and cloud data centers                                                      |
| TER     | Listed | Teradyne, Inc.                         | Automated test equipment and robotics for semiconductor validation                                                                              |
| UNITREE | Listed | Unitree Robotics Co., Ltd. (688836.SH) | Quadruped and humanoid robots, motion-control actuators, and embodied AI systems                                                                |
| VST     | Listed | Vistra Corp.                           | Diversified power generation across nuclear, gas, solar, and battery storage                                                                    |

**Market hours:** 24/7 trading on Hyperliquid; see [Contract Specifications](/resources/specifications.md#market-specifications) for market coverage and feed details.

**Pre-Listing (“Pre-IPO”) pricing:** markets carrying Pre-Listing status have no qualifying external price and are priced by Paragon's internal pre-listing methodology until a public listing occurs. See [Pre-Listing (“Pre-IPO”) Pricing](/markets/equities/pre-listing-pricing.md).

**External pricing:** equity prices come from [Pyth](https://pyth.network) equity feeds across trading sessions. See [External Pricing](/markets/equities/external-pricing.md).

**Off hours & fallback:** outside covered sessions the mark is bounded internally. See [Off Hours & Fallback](/markets/equities/off-hours-and-fallback.md).


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