中文翻译
$AXTI 现在已经到了传奇的 69.69 价位。 我原本期待的是一年半接近 10 倍的回报，而不是几个月就到位…… 从 $AAOI 到 $SIVE，几乎所有东西都在疯狂跑赢。 至于 AXT 按 40 亿美元市值来算？是不是贵了。是。 超大规模云厂商会不会为了确保自己的 AI 构建去付 100 亿美元？会。 很多这种瓶颈，根本不能用传统估值指标来定价。
· 方法论
说 AXTI 已到 69.69 传奇位阶，Axt 估值虽贵但对 AI 供应链有价值。
英文原文
$AXTI has now reached the legendary status of $69.69. Was expecting close to 10x returns in a year and half, not a few months… Everything from $AAOI to $SIVE are ridiculously outperforming. As for AXT valuations at $4B? Is it overvalued. Yes. Would hyperscalers pay $10B to secure their AI buildout? Yes. Lot of these bottlenecks can’t be valued with traditional metrics.