· 个股论点
涉及标的： $AAOI$AMZN$GOOGL$MSFT$SNDK
$AAOI 看起来像是早期的 $SNDK。而且在未来一年，其市值很可能远超 55 亿美元。 在他们的财报电话会议上： - 3 家超大规模客户（可能是 $GOOGL、$AMZN、$MSFT） - “他们希望购买我们能生产的所有 800G 和 1.6T 光收发器”——完全售罄，就像内存一样。 - 营收增长预测超过 900%，达到 43 亿美元，而当前市值仅为 55 亿美元。 光子学领域的需求史无前例，$AAOI 刚刚证实了这一点。 而且他们随时可以开始提价，将毛利率从 40% 进一步提高。当然，存在执行风险…… 但这是一个你应该关注基本面而非图表的例子。
$AAOI looks like an early $SNDK. And is likely going much higher than a $5.5B MC over the next year. On their earnings call: - 3 hyperscale customers (probably $GOOGL, $AMZN, $MSFT) - "they would like to buy all the transceiver we can make for 800G and 1.6". - completely sold out, like memory. - 900%+ revenue growth forecast to $4.3B off $5.5B MC. There is unprecedented demand for photonics, and $AAOI just confirmed it. And they can always begin price hikes to increase gross margins from 40%. Of course there are execution risks... But this is one example where you look at fundamentals over chart.