中文翻译
当然，我不是来试图说服你们的，我只是发布我自己关于 $AXTI 的投资论点。 我要指出的细微差别是，该公司受益于 AI 基础设施建设，此前该领域遭遇了铜互连瓶颈，现在正转向光子学以及新型互连和 ASIC 架构。 直到 2025 年后期，超大规模云服务商才真正开始确保外调制激光器(EML)的产能。 磷化铟(InP)衬底是光子学 AI 基础设施建设所需的关键材料，而此前的铜代或旧架构并不需要。
· 个股论点
AXTI因AI转向光子学及InP衬底需求而受益。
涉及标的： $AXTI
英文原文
Sure, I’m not here to convince you I’m just posting my own thesis about $AXTI. The nuance I’ll point out is that this is levered to the AI buildout that hit the copper wall and is shifting to photonics with newer interconnects and ASIC architectures. Only later on in 2025 did hyperscalers really start securing EML capacity. InP substrates is a critical material required for the AI buildout with photonics, not previous copper generations or former architectures.