中文翻译
@blkslymn 我不确定是不是只有我这么看，但我现在正看到巨大的连续波(CW)需求失衡（感谢 $NVDA）。这还是在规模扩展(scale up)和其他 1.6T 产品量产甚至到来之前。然后 $AAOI 和 $SIVE 出现了，它们拥有稀缺且独立的 CW 激光器或光模块产能……这通常会导致其他主要玩家如 $AMD 和超大规模云厂商转向关注它们。$MTSI 表示他们的产能要到 2027 年下半年才开始上线，而客户已经带着紧迫感向他们接洽……CW 激光器是我目前最看好的瓶颈之一。
· 供应链分析
CW激光器供需失衡严重，成AI供应链关键瓶颈。
涉及标的： $AAOI$AMD$MTSI$NVDA$SIVE
相关概念： Pluggable 可插拔光模块
英文原文
@blkslymn I'm not sure if it's just me, but I'm just seeing enormous CW demand imbalance right now (thank you $NVDA). And this is before scale up and other 1.6T ramps even arrive. Then you have $AAOI and $SIVE appear with scarce, independent CW laser or transceiver capacity... That usually leads forces your other major players like $AMD and hyperscalers to look at them. $MTSI said their capacity only starts to come online H2 2027 and customers are already approaching them with urgency... CW lasers is one of my favorite bottlenecks right now.