中文翻译
他们确实可以，这一瓶颈向下游传导，损害了 $COHR 到 $LITE 向 $GOOGL 和 $MSFT 的产能爬坡。特别是鉴于住友/JX 面临材料出口管制导致的短缺，$AXTI 将在几个季度后处于垄断地位。人们非理性地对 2024 年合同的前置收益和递延收入确认做出反应，而忽视了当前状况，在我看来这提供了一个绝佳的机会。
· 供应链分析
材料出口管制致AXTI垄断，下游产能受阻，错杀带来机会
涉及标的： $AXTI$COHR$GOOGL$LITE$MSFT
英文原文
They can, and this bottleneck flows downstream and hurts $COHR to $LITE capacity ramp into $GOOGL to $MSFT. Especially given $AXTI will be monopoly status in a few quarter once Sumitomo/JX face shortages from material export controls. People illogically reacting to former earnings from 2024 contracts and deferred revenue recognition, while ignoring the situation now presents a great opportunity imo