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指出SIVEF尚未被机构发现
$SIVEF目前还未被机构投资者发现。
英文原文
@SaxoDel95616 $SIVEF is undiscovered to institutions.
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说自己今年表现大概全球第一
@funniestlines 谢谢！我现在基本确信自己今年全世界业绩第一。
英文原文
@funniestlines Thanks! Pretty confident I’m #1 in the entire world for performance this year
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回顾光子股大涨并感谢听从原始 thesis 的人
光子股起飞了。 $AXTI +17.34% $AAOI +12.47% 希望你听了我最早的 thesis，anon？ https://t.co/SCo3h80afN
英文原文
Photonics go brrrr $AXTI +17.34% $AAOI +12.47% Hope you listened to my original thesis anon? https://t.co/SCo3h80afN
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说自己点中的多只光子股都涨了三倍
@vz921 我猜自己点中 $AAOI、$IQE、$AXTI、$SIVE、$SOI、$AEHR 这些，今年都涨了 3 倍，是运气好？
英文原文
@vz921 I guess it’s just luck calling out $AAOI, $IQE, $AXTI, $SIVE, $SOI, $AEHR, and others that all went up 3x this year?
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认为 Shunsin 也会三倍，但节奏更慢
@yuntungshieh 我也预计 Shunsin 会涨 3 倍，只是时间会慢一些。
英文原文
@yuntungshieh Shunsin I expect to 3x as well, just on a slower timeframe.
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把 LPK 视作三倍潜力的第二梯队
@Jos1984482 如果非要给第 4 个名额，我会把 $LPK 放成三倍潜力的 runner up。
英文原文
@Jos1984482 $LPK is runner up for 3x potential if I had to give a 4th spot to a name.
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认为 SOI 已经三倍，后面空间变小
@I_Am_Blacked 我的意思是 $SOI 真的已经涨了 3 倍……所以从这里再涨 3 倍就不太可能了。 也许未来一年再涨 100% 到 150% 还是合理的。
英文原文
@I_Am_Blacked I mean $SOI literally just went up 3x... So less likely to 3x from here. Maybe another 100%-150% over the next year seems plausible.
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认为 AAOI 也许还能继续涨，但三倍速度会慢一些
@ExtensiveRsrch 我在 $AAOI 30 美元附近就点出来了，现在都快 160 了？ 它再像之前那样 3 倍会慢很多，但如果明年它变成美国最大 1.6T + laser fab 产能之一，也不是不可能。
英文原文
@ExtensiveRsrch I called out $AAOI at like $30 and it's like $160 now? Less likely to 3x as fast but next year it's possible if they become largest 1.6T + laser fab capacity in US.
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分析CPO供应链中三家最有可能实现3倍涨幅的公司：SIVE(MC约$1.3B)、MSSCORP($1.2B)、Auros($210M)。
至于3倍涨幅的股票，在这些水平上我认为： 1. SIVE 2. MSSCORP (6830) 3. Auros (322310) 是我最看好的猜测。以下是我的思路： 1. SIVE：我真心认为他们明年能达到100亿美元以上的市值，他们是CPO激光器领域的绝对前沿，与LITE和COHR并列。 按130亿美元市值计算...关于可能的版图映射： 光子学领域：AMD CPO、MRVL Celestial CPO、JBL 1.6T、Lightmatter、Ayar、ALChip、GUC、O-Net (ELS)、POET。 太空与国防领域：通过YSS、RTX、ERIC、Bae Systems实现的Golden Dome项目。 硅光子学领域：AAPL（Apple Watch）。 这已经是非常多的客户了，而且还在持续增加。 他们总是可以通过IP收购向下游拓展TAM，或垂直整合来快速追赶LITE的600亿美元市值，一旦获得更多融资的话。 2. MSSCORP (6830)：CPO检测领域的垄断者，约12亿美元市值。 对CPO良率的100%垄断，TSM、AMAT、NVDA、LCRX、INTC等很可能都是客户。 "公司的目标是占据CPO检测市场90%的份额" 这基本意味着100%，只是他们不想引发反垄断担忧。如果他们守住垄断地位且CPO产能增加，很容易从12亿美元涨到50-90亿美元。 3. Auros (322310)：三星/SK海力士的供应商，约2.1亿美元市值，专注于混合键合(Hybrid Bonding)量测。 基本上专注于两类产品： -> HBM4 / HBM4e / HBM5周期，这是KLA此前在IR量测领域拥有垄断地位的市场。 ---> 目前正在三星工厂进行认证，下半年预计量能爬坡。SK海力士在升级到混合键合时很可能也会进行认证。 -> 薄膜厚度测量。 ---> 正在获得"主要本土芯片制造商"（三星或SK海力士之一）的认证，目标今年实现批量供应。 他们已经开发了十多年，终于要在下半年从数年的认证期转向两类产品的量能爬坡。 如果他们转型到量能爬坡阶段，似乎非常有希望在3倍至6.3亿美元左右，这在韩国市场中像是一颗未被发现的宝石。 当然，我不确定这些公司最终会如何发展，这全都是推测性的，但这是高置信度的供应链映射。 但凭我的直觉，这三只我自己持有的股票在这个水平上最有可能。
英文原文
As for 3x brrrs these levels: 1. $SIVE 2. MSSCORP (6830) 3. Auros (322310) Are my best guesses. Here's my thought process: 1. $SIVE: I genuinely do see them being $10B+ next year, they're the literal bleeding edge for CPO lasers alongside $LITE and $COHR. At a $1.3B MC... For likely mapping: Photonics: $AMD CPO, $MRVL Celestial CPO, $JBL 1.6T, Lightmatter, Ayar, ALChip, GUC, O-Net (ELS), $POET. For Space + Defense: Golden Dome via $YSS, $RTX / $ERIC / Bae Systems. Silicon Photonics: $AAPL (Apple Watches). This is just a stupid amount of customers and it's still increasing. They can always TAM expansion downstream through IP acquisitions or vertically integrate to speedrun $LITE's $60B MC one day once they get more funding. 2. MSSCORP (6830): CPO monopoly over inspection at ~$1.2B. 100% monopoly over CPO yields, $TSM, $AMAT, $NVDA, $LCRX, $INTC, and others are all likely customers. "The company’s goal is to seize a 90 percent share of the CPO inspection market" This basically means 100%, they just don't want antitrust. If they defend their monopoly and CPO ramps, can easily see this worth ~$5B-$9B from $1.2B 3. Auros (322310): Samsung / SK Hynix supplier at ~$210M for Hybrid Bonding Metrology. Basically pure play on two products: -> HBM4 / HBM4e / HBM5 cycles, that $KLA had a monoply over for IR metrology. ---> Getting qualified now likely in Samsung factories, H2 volume ramp est. Sk Hynix likely qualifying too when they upgrade to hybrid bonding. -> Thin-film thickness measurement. ---> Getting qualified now, with "major domestic chipmaker" (either Samsung/Sk hynix), targets mass supply this year. They've been developing for the past decade, only to volume ramp two products from years of qualification H2 this year. Seems extremely likely to 3x to $630M if they switch to volume ramp, feels like an undiscovered gem in the Korean market? Of course, not sure how they play out and this is all speculative but high confidence supply chain mapping. But off the top of my head these three that I own are the most likely ones at this level.
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解释$SIVEF因时区差异在收购后交易
时区差异。美国$SIVEF在太空收购事件发生后进行交易。
英文原文
@BDANDD Timezone difference. US $SIVEF traded after the space acquisition happened.
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感叹 SOI 六周三倍像是穿越未来
我是不是来自未来？ $SOI 就这样在 6 周内直线涨到 3 倍…… https://t.co/ZW5Bafgvmq
英文原文
wtf am I from the future or something? $SOI just in a straight line up to a 3x return in 6 weeks… https://t.co/ZW5bAfgvmq
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AXTI 的上游与垂直一体化风险被低估
以当前估值推动 $AXTI 的主要是机构；做空它的散户很可能会大错特错。 如果 AXT 因出口管制而下跌，整个光子业务扩张也会受影响。（例如 AXT -> IQE -> Macom/lite）而且更值得担心的是别的问题。 如果把 AXT 10 多个上游合资企业单独拆成一家纯西方商社，它从战略角度看，价值可能会比 5N 还高。 另外，营收数字有误导性，因为这些是 TTM 合同，不是新签合同。像 7n 高纯铟这类上游材料，相比去年价格已经大涨。 这条供应链是垂直整合的，所以可能会像 NAND 一样，在有限基板下出现涨价；但不同于住友，AXT 除了少数环节（比如红磷）之外几乎包揽了整条供应链。 所以它比你想的更危险。
英文原文
It’s majority institutions moving $AXTI at these valuations, retail shorts might turn out terribly wrong. If AXT goes down from export controls the photonics buildout does too. (Eg. AXT -> IQE -> Macom/lite) and there are bigger problems to worry about. If you just split out AXT’s 10+ upstream JVs into one merchant Western company it would probably be worth more strategically than 5N. Also revenue numbers are misleading since these are TTM contracts, not new ones signed. All the upstream materials like 7n high purity indium has spiked immensely since last year. It’s all vertically integrated so there might be a NAND style price hike off limited substrates, but unlike Sumitomo, AXT does the entire supply chain minus a few like red phosphorus. So it’s more dangerous than you think.
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不建议做空 AXTI
我不是说 $AXTI 现在是值得买入的标的。 我只是说别做空它，因为它们（以及中国）在整个美国超大规模云厂商所需流程里，实际上处于功能性垄断地位。 而且如果他们通过涨价进行反制，事情可能会变得非常糟。
英文原文
@bc1aa1fa3932407 I'm not saying $AXTI is a good buy at these levels. I'm just saying not to short it because they (and China) are a functional monopoly over this entire process required by US hyperscalers. And it could go very wrong if they weaponize through price hikes.
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AXTI 不只是 InP 基板那么简单
散户空头真的不该碰 $AXTI。 我一直看到有人把 $AXTI 误解成只有 “InP 基板”，总是拿住友来对比，但我一直没出声。 这是错的。 它们实际上掌握了整个 InP 供应链 40% 以上，这也是机构愿意给它们融资的原因。 它们握有很多卡点，不只是 InP 基板。 正如海湾地区那样，削减大约 20% 的供应就会是灾难；如果再叠加另外 3-4 个卡点，后果更严重。 -> 所有原材料（铟、镓、锗）。 Vital 和 $AXTI（自有、金美）与中国公司一起构成寡头；而西方的 5N 等只占很小一部分份额。 由于中国（Vital、AXT）掌握多数份额。 -> pBN 坩埚卡点： $AXTI 也是另一个巨大的卡点（博宇）。还有信越/摩根等少数玩家，但这又是精炼层面的一个瓶颈。 InP 基板： $AXT / 住友在这里是双寡头，JX、$COHR 只占很小比例。 这里面还有很多其他工艺（比如红磷）处于中间环节（例如日本化学/理沙）。 这是一个材料问题。 $COHR 不能在没有 AXT 控制的所有上游材料和精炼环节的情况下，直接做出 InP 基板。 如果 $LITE 的 CEO 因为 InP 基板睡不着觉，那么 50 亿美元估值对维持西方超大规模云厂商的建设上线来说根本不算什么。 日本的上游材料正在被出口管制，而 AXT 把这些都牢牢握在手里。 所以总的来说：我看到很多空头把事情混同成 “只是 InP 基板” 了。 实际上是所有铟、镓 -> 精炼加工 -> pBN 坩埚，再到最终由它们与住友共同完成的 InP 基板生产过程。 如果 Vital 和多个上游卡点停止供货，下游西方 InP 基板厂商就会受影响。 AXTI 会变成一个小型垄断。 估值来自掌控整条供应链，而不只是连机构分析师都搞不懂的 “InP 基板制造”。
英文原文
Retail short sellers should really not touch $AXTI. I keep seeing people misunderstand $AXTI as only "InP Substrate" with Sumitomo, over and over but just never made a comment. This is wrong. They are literally 40%+ of the InP supply chain, which is why institutions are funding them. They hold MANY chokepoints, not just InP Substrates. As seen with the Gulf, removing ~20% of a supply is catastrophic, but do that with 3-4 other chokepoints. -> All the raw materials (indium, gallium, germanium). Vital and $AXTI (captive, JinMei) are the duopoly alongside Chinese companies. With Western 5N and others only holding a small fractional share. Since China (Vital, AXT) controls majority. -> pBN Crucible chokepoints: $AXTI is a another massive chokepoint (BoYu). there's a few other players like ShinEtsu/Morgan/etc, but this is another bottleneck in refinery layers. InP substrates: $AXT / Sumitomo are duopoly here, with JX, $COHR holding just a tiny percentage. There's many other processes (eg. Red Phosphorus) here too (eg. Nippon Chemical/Rasa) in the middle. This is a materials problem. $COHR can't just make InP substrates without all the upstream materials + refineries that $AXT controls. If $LITE CEO can't sleep at night because of InP substrates, $5B valuations mean nothing to the Western hyperscaler buildout stay online. Japan is actively getting export controlled on upstream materials, while AXT holds them all captive. So TLDR: It's not just "InP Substrates" that i see a lot of short sellers conflating. It's all the indium, gallium -> refinery processing -> pBN Crucible that goes into the final duopoly InP substrate creation process they share with Sumitomo. if Vital and multiple chokepoints upstream stops shipping, downstream to the Western InP substate makers. AXTI becomes a mini-monopoly. The valuation comes from owning the entire supply chain, not just "InP substrate creation" that even institutional analysts dont understand.
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先看完财报再说 AXTI
@OperationATM 我还在看财报，过一会儿再看 $AXTI。
英文原文
@OperationATM Still going through the earnings, will look at $AXTI in a bit.
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痛斥 SLNH 的高稀释
我很生气，因为有人在为了自己的私利，主动坑害散户投资者。 把人忽悠去买一只市值 2 亿美元的 $SLNH 股票，同时伴随 10 亿美元稀释和 5 亿美元的持续 ATM，这种行为简直令人作呕。 如果你在意股权增值，这种做法完全说不通。
英文原文
I get angry when people are actively trying to screw over retail investors for their own personal gain. Absolutely disgusting behavior leading people to buy a $200m MC stock in $SLNH with $1 BILLION DILUTION and a $500,000,000 ACTIVE ATM. Literally makes 0 sense if you care about equity appreciation.
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IQE 与 SLNH 的融资性质不同
@KingDavidvs 你是在开玩笑吗？$IQE 有 $MTSI 帮它偿还 4500 万欧元债务，这在本质上完全不同。 而像 $SLNH 这种没名气的垃圾股，却会在 1.97 亿市值上稀释掉 10 亿美元，并且 5 亿美元的 ATM 只要散户一买就直接往公开市场砸。
英文原文
@KingDavidvs Are you kidding? $IQE having $MTSI to pay off debts with 45M Euros is fundamentally different. From some no name shtco like $SLNH diluting $1B off a $197m MC, with a $500M ATM sold into the open market whenever retail buys.
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IREN 是很差的多头
$IREN 是个糟糕透顶的多头标的。我想不出有谁会真正关心组合净值增长，还愿意买进一个 60 亿美元 ATM、同时高管又给自己发创纪录高额 SBC 的公司。 人们只是因为“有稳定供电”的承诺才买进去，但这已经不算护城河了，那是去年的事了。
英文原文
$IREN is a horrendous long. I can’t imagine anyone that cares about portfolio appreciation to buy into a $6B ATM while executives award themselves record high SBC. People are just buying in to get diluted because of a promise of secured power (which is no longer a moat, it was last year)
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小市值股背后是大额稀释
@saso_equity 哈哈，一只 1.94 亿美元市值的股票 -> 10 亿美元稀释，5 亿美元 ATM https://t.co/bvEAoX0hfv
英文原文
@saso_equity lol $194M MC stock -> $1B dilution, $500M ATM https://t.co/bvEAoX0hfv
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SLNH 也是高稀释标的
$SLNH 跟 $BKKT、$ASST 和 $IREN 一样，都是垃圾股。 它正在通过 5 亿美元 ATM 积极稀释所有人。 真不明白为什么还有人听一个一再把散户组合搞崩的人说话。 我就看着他们从散户接盘侠手里融出 5 亿美元，最后把这些人稀释到 0。 然后再说“我们账上有 5 亿美元，所以市值应该更高”，再用这个 ATM 给自己发 SBC。 它们都绝对是很差的多头。
英文原文
$SLNH is a shtco like $BKKT, $ASST, and $IREN. That is actively diluting everyone with a $500M ATM. Not sure why anyone even listens to a guy who has consistently crashed retail portfolios over and over. I’m going to watch them raise $500M off retail bagholders that get diluted to $0. Then say “we have $500m on our balance sheets, MC should be higher” and award themselves SBC off the ATM. They’re all absolutely terrible longs.
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SNDK 已提前反映业绩预期
@iamsattam $SNDK 在财报前一个月已经涨了 72.59%，所以市场显然已经在定价超预期。 我不确定它接下来会怎么走，但如果是一家在财报前能见度不高的公司，报出这种数据，股价通常会涨得更高。
英文原文
@iamsattam $SNDK already rose 72.59% the month before earnings... so markets were definitely pricing in a beat. Not sure which way it goes, but if it were a company without much visibility going into earnings. Then they reported those types of numbers, would be up a lot higher.
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记忆类公司往往提前重估
我说过，像 $SNDK 或 $MU 这种存储公司，重估发生在真正公布财报之前，而不是财报当天。 你可以用第三方 NAND/DRAM TrendForce 这类涨价报告来估算，再据此推 gross margin。 我之前就拿美光做过例子，算出来的毛利率和实际报告几乎完全一致。
英文原文
I said with memory companies like $SNDK or $MU, the repricing happens before the actual earnings. Not actual earnings. You can estimate it with third party NAND/DRAM Trendforce type price hike reports. Then estimate gross margins off of those. I did it for Micron earlier as an example and got reported gross margins spot on.
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SNDK 财报远超预期
$SNDK 的业绩实在太强了…… Q3 业绩： 营收：59.5 亿美元，对比约 47 亿美元预期（同比增长 252%，超预期 26%） EPS：23.41 美元，对比约 14.5 美元预期（超预期 62%） 毛利率：约 78.4%，对比 67.3%（比预期高 1,110 个基点） Q4 2024 指引： 营收：77.5 亿至 82.5 亿美元，对比约 65 亿美元预期（高出预期 23%） EPS：30 至 33 美元，对比约 23 美元预期（高出预期 37.0%） 存储公司（披露一下，我确实持有 Sandisk）比 $RDDT 这类靠流量数据来预判的公司更容易提前定价。 只靠 NAND 涨价之类的第三方数据……所以重估确实发生在前面，而不是财报当天。 不管怎样，这正式确认了存储公司正在起飞…… 存储厂商的业绩非常炸裂，而且今年大概率还会继续往上走。
英文原文
$SNDK earnings are just way too good... Q3 earnings: Revenue: $5.95B vs. ~$4.7B (252% Y/Y growth, 26% beat) EPS: $23.41 vs. ~$14.5 (62% beat) Gross Margin: ~78.4% vs. 67.3% (+1,110 bps vs. Est.) Q4 2024 projections: Revenue: $7.75B-$8.25B vs. ~$6.5B (23% above estimates) EPS: $30-33 vs. ~$23 (37.0% above estimates) Memory companies (disclosure I do own Sandisk) are a bit easier to price in ahead of time vs. names like $RDDT (off of traffic data). Just purely from third party stuff like NAND price hike reports... so all the repricing does happen ahead of time, not on actual earnings. Regardless, this is formal confirmation that memory companies are going brrr... Astronomical earnings from memory players and they'll likely keep marching upward over this year.
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RDDT 利润质量很强
它们同比增长 69%，毛利率 91.5%……GAAP 净利润接近营收的 31%。 很多软件公司会像 Snapchat 那样用 SBC 掩盖盈利能力。 但 $RDDT 的数据是高增长营收，而且很大一部分正在真正增加它们的现金余额。 下季度指引显示，增长速度仍然很快。
英文原文
They grew 69% Y/Y, 91.5% gross margins... with GAAP net income close to 31% of their revenue. Lot of software companies mask profitability with SBC like Snapchat. But $RDDT figures are high revenue growth with an immense portion of that adding to their cash balance sheets. Next quarter projections shows it's still growing at a rapid pace.
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预计 RDDT 将跑赢大盘
@ruth_capital 是的，我预计 $RDDT 在这次财报后会跑赢大盘。算法总是把 Reddit 和那些被 AI 颠覆的软件股混在一起。 但他们就是不断产生自由现金流，增长速度也很快，而且真实净利润通常会压过那些错误叙事。
英文原文
@ruth_capital Yeah I expect $RDDT to outperform broader market after these earnings. Algorithms bundle Reddit up with software names disrupted by AI. But they just keep printing FCF and growing at fast rates, and raw net income usually drowns out the false narratives.
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看利润数字，不要盯图线
@ConfusedNDazzed 我会忽略图上的线，只看 $RDDT 的纯数字。他们的盈利能力离谱，而且增长率还在疯狂上升。 估值最终会回到基本面上。
英文原文
@ConfusedNDazzed I would ignore the lines on the chart and just look at pure numbers for $RDDT. Their profitability is absurd and they’re still growing at insane rates. Valuations will catch up to fundamentals eventually.
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RDDT 财报大超预期
哇，$RDDT 刚刚交出了一份爆表的季度财报。 -> 营收 6.63 亿美元（同比增长 69%），高于约 6.08 亿美元共识。 -> EPS 1.01 美元，高于 0.6 美元共识（超预期 68.3%）。 -> 毛利率 91.5%。 -> Q1 GAAP 净利润 2.04 亿美元。这个可能是真正衡量盈利能力最重要的数字，因为它包含 SBC。 下季度他们指引营收 7.15 亿至 7.25 亿美元，调整后 EBITDA 2.85 亿至 2.95 亿美元。 Reddit 看起来简直就是一台高增长印钞机。（披露：我确实持有 Reddit 仓位。） 短线期权流会带来很多图表波动。 但从基本面看，如果你抛开噪音去看 Reddit 的财报，Reddit 就是在疯狂印钞。
英文原文
Wow, $RDDT just posted an absolute blowout quarter. -> $663M revenue (69% growth Y/Y) vs. ~$608M consensus. -> $1.01 EPS reported vs. $0.6 consensus (68.3% beat). -> 91.5% gross margins. -> Q1 GAAP net income was $204M. This is probably the most important figure for true profitability since it includes SBC. Next quarter they projected, $715M to $725M revenue growth with $285 million to $295 million adjusted EBITDA. Reddit looks like a literal, high growth money printer. (Disclosure: I do have Reddit positions.) Expect a lot of chart volatility from short term option flows. But fundamentally, if you look at Reddit earnings without the noise, Reddit money printer go brrr.
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SIVE 估值仍有上行空间
我认为在 $YSS + Golden Dome 和 Lightmatter 这些信息/新闻出来之后，$SIVE 今天现实中的估值大概应该在 30 亿美元左右。 纳斯达克上市不会从根本上改变它，但会给它更多流动性，用来弥合估值差。 明年冲到 100 亿美元非常有可能。 如果它们愿意通过下游 IP 收购来加速，我认为未来几年内它有一条现实路径去挑战 600 亿美元以上的 $LITE。
英文原文
I think $SIVE realistically should be valued around ~$3B today after information discovery/news around $YSS + Golden Dome and Lightmatter. NASDAQ listing doesn’t change it fundamentally, but gives it more liquidity to bridge that valuation gap. Next year $10B very possible on volume ramp. And I see a realistic path to competing with $60B+ $LITE over next few years if they want to speedrun it with downstream IP acquisitions.
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机构开始买入光子链条
@ravietweet 摩根士丹利现在最终持有了 $SOI 6.5% 的股份，这也是我另一只硅光多头。 我就是要把 AI 的结构性卡点展示给散户看，赶在机构理解之前…… Point72、$MTSI 和其他机构在我发出那篇 thesis 之后，也买了 $IQE 的流通股。
英文原文
@ravietweet Morgan Stanley now ended up holding 6.5% of $SOI, which was my other silicon photonics long. I’m do show retail the structural chokepoints in AI before institutions figure it out… Point72, $MTSI and others ended up buying $IQE float after my thesis post too.
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西方机构开始关注 SIVE
有个有意思的事实：我不认为任何大型美国机构之前持有过 $SIVE / $SIVEF，因为它原本主要是瑞典本土散户持有的股票。 另外，美国基金也有一些投资限制，阻止它们入场（例如纳斯达克上市 / 10 亿美元市值）。 但如今情况已经变了，原因包括欧洲媒体把本地持有人洗出来、Sivers 即将登陆纳斯达克，以及市值突破 10 亿美元以上。 而且 13 亿美元对超大规模云厂商和美国机构来说真的只是零钱。 我很有把握他们很多都会想要接触 CPO、硅光和激光领域，因为全世界能做这类东西的公司本来就很少，比如 $LITE、$COHR 和 $MTSI。 尤其是……一家具备 CHIPS Act 背景的激光供应商，可能会出现在 $AMD、$MRVL、$AAPL、Lightmatter、Ayar、AlChip、GUC、O-Net 以及其他像 Golden Dome 这样的供应链里。 这部分也有博弈论因素，是为了积累股份。 因为现在美西方散户已经持有了相当大一部分流通股（来自瑞典卖盘）。 而美国机构现在也想要敞口。
英文原文
Fun fact: don’t think any large US institution had positions in $SIVE / $SIVEF since it was a majority owned local Swedish retail stock. There’s also fund mandates preventing US funds from entering (eg. Nasdaq listing / $1B MC) That’s definitely changed now thanks to European media shaking out the local holders, Sivers upcoming NASDAQ listing, and hitting $1B+ MC. Again $1.3B is literal spare change for hyperscalers and US institutions. And I have high confidence many would want exposure to CPO, silicon photonics and lasers, since there’s only a few in the entire world like $LITE, $COHR, and $MTSI. Especially… a CHIPS Act laser supplier likely in $AMD, $MRVL, $AAPL, Lightmatter, Ayar, AlChip, GUC, O-Net and other supply chains like the Golden Dome. Part of it is game theory for share accumulation. Since US/Western retail now owns a large part of the float (off of the Swedish sellers). And US institutions now want exposure.