中文翻译
对营收预测一无所知，但关于 $AXTI 有两点看法。 1. 他们现在有1亿美元用于产能扩张（直接增加营收），且销售应已触及上限。 2. 付费信息显示，中国供应商开始对西方公司提高磷化铟(InP)价格。AXT 作为垂直整合公司掌控供应链，因此任何涨价都只是其自身利润率的提升。 如果我们看到类似高带宽内存(HBM)式的基板价格冲击，这种效应将会放大。
· 个股论点
AXTI获资扩产且垂直整合优势可转嫁InP涨价压力。
涉及标的： $AXTI
英文原文
No clue about revenue estimates but two things about $AXTI. 1. They now have $100m to fund capacity expansion (direct revenue increase) and should be capped out on sales. 2. Paywalled info showed that Chinese vendors were starting InP price hikes for Western companies. AXT owns the supply chain as a vertically integrated company, so any hike would just be an increase on their own margins. This would scale up if we see a HBM type shock for substrate prices