中文翻译
如果你只盯着 photonics + memory，那今年本来会是一个史诗级收益年。 从 $EWY 到 $AAOI 的所有顶级板块长仓都涨了几百个百分点。 我一直说，Photonics + Memory 在主题上是最好的。 现在还有一些细微的架构变化： photonics 这边是 pluggables -> CPO memory 这边是 hbm3e -> hbm4 本质上还是同一对超级周期。 只是上游瓶颈和受益者不一样。
· 业绩复盘
回顾只做 photonics 和 memory 时的惊人 YTD
英文原文
Would have been a generational YTD if you focused on photonics + memory anon. Every top sector long from $EWY leaps to $AAOI is up multiple hundreds of percent. I’ve always said Photonics + Memory was the best thematically. Now there’s subtle architecture changes: On photonics: pluggables -> CPO On memory: hbm3e -> hbm4 The same two supercycles. Different upstream bottlenecks and beneficiaries.