中文翻译
因为我预期一些公司，尤其是光子学个股会显著跑赢大盘。Sivers还拥有关键的激光技术，$MRVL和其他公司会想要收购来实现垂直整合……如果股价进一步下跌，任何人都可以用零钱收购整家公司。当我说伊朗扰乱全球流动性和能源时，这并不意味着在最坏情况下$NVDA会跌到零。也许一些超级计算用户会保守地削减资本支出，一些数据中心建设会放缓。但如果光学组件是扩展AI集群的必要部件，那么它们已经售罄，而且在BOM中占比很小因为它们很便宜。削减支出根本无法改变这个瓶颈。
· 供应链分析
分析光学组件为AI集群关键瓶颈，Sivers垂直整合价值凸显
英文原文
Bc I expect some companies, especially individual photonics names strongly outperform. Sivers also hold the critical laser tech that $MRVL and others would want to buy for vertical integration… and if it dropped any further, someone can just acquire the entire company for spare change. When I say Iran disrupting global liquidity/energy, that doesn’t mean $NVDA drops to 0 in a worse case scenario. Maybe some hyperscalers cut back on capex spend to be conservative, some DC buildout stalls. If optical components are necessary to scale AI clusters. Then they’re sold out and such a little part of BOM since they’re cheap. Cutting back on spend won’t change that bottleneck at all