中文翻译
这和我最初对 $AXTI 的判断一致： InP 衬底就是光子产业里的巨大瓶颈。 而且最近 7N 高纯铟（非标准品）在 SMM 上已经创下历史新高。 $AXTI 和这类数据的相关性非常高，非常非常高。 跟踪 SMM 以及其他市场的衍生数据，可能是你能拿到的最好洞察。 需求看起来一点都没有放缓。 我们甚至还没到 NAND 那种式样的涨价阶段。
· 供应链分析
确认 AXT 的 InP 衬底瓶颈逻辑仍在强化
涉及标的： $AXTI
英文原文
As expected from my original $AXTI thesis: InP substrates is a massive bottleneck for photonics. And: 7N Indium High Purity Indium (non standard) has reached all time highs on SMM, recently. $AXTI is very. highly. correlated. Tracking derivatives on SMM and other markets is likely the best insight you'll get into performance. Demand does not seem to be slowing down anytime soon. We haven't gotten to the point of NAND-style price hikes yet either.