· 供应链分析
涉及标的： $64$935$AMD$GFS$LITE$SIVE
什么疯狂时间线？ 今天，$AMD 宣布要进入 CPO，并和 $GFS 合作。 这对 $SIVE 非常利好，因为 CPO / SiPH 需要外部激光光源。 而且……猜猜 GlobalFoundries CPO 生态里那两家公开激光供应商是谁？ $SIVE（大约 9.35 亿美元）和 $LITE（大约 640 亿美元） Sivers 的激光现在看起来真的可能会出现在未来所有超大规模云厂商的 CPO / 1.6T 部署里。 所以……如果 Sivers 能拿下为 $AMD Instinct MI500 的 CPO 方案提供激光阵列的位置。 （这看起来很有可能，因为目前列出的激光名字只有三个，而且超大规模云厂商喜欢多来源） 这可能意味着 Sivers 会迎来市场还没定价进去的大规模高量产。
What a crazy timeline? Today, $AMD announced it's pushing into CPO and collaborating with $GFS. This is highly bullish for $SIVE since for CPO/SiPH, it requires external laser light source. And... guess who are the two public laser suppliers in the GlobalFoundries CPO ecosystem? $SIVE (~$935m) and $LITE (~$64 billion) Sivers lasers feel like they could be everywhere now in upcoming hyperscaler CPO/1.6T deployments. So... if Sivers secures the spot to provide the laser arrays for the $AMD Instinct MI500's CPO solution in 2027. (Which seems highly possible given there’s only three laser names listed + hyperscalers like to multi-source) This might represent massive, high volume production for Sivers that markets haven't pricing in.