Just some random thoughts, I do think AI is the most disruptive technology in human history. To the level of agricultural or industrial revolution. Since Anthropic, OpenAi, XAI, and others are racing to build superintelligence. The amount of economic impact can't be measured if AI helps find cures for cancer or accelerates discovery for Quantum Computing. Or if AI end up displacing the workforce, which increases profitability for companies. The US Gov has every incentive to keep the buildout going too, as the implications from Warfare, Cybersecurity, is also immeasurable if China takes the lead. So there's likely to be incentives and subsidies to win, even if there's not enough profit derived LLM training/inference. As for sustainability, when you look upstream, $GOOGL is able to fund it majorly with their own cashflow, same with $AMZN, $MSFT. More lukewarm on $META. Very iffy about $ORCL. But I do see some bubbles forming around debt interest like $CRWV. Maybe circular valuations that's happening with OpenAI backlog agreements or $NVDA / $AMD agreements with Neoclouds to buy their GPUs. But as seen with $MSFT and having OpenAI be a major part of the backlog, it did correct off the information, so "bubbles" like that do pop despite the overall markets increasing. Definitely don't see a bubble in upstream semiconductors from $LITE to Sk Hynix though since the amount of profit they get from the buildout would likely be insane to make up for capex decreasing. OpenAI was actually my biggest fear from contagion, eg. $CRWV, $CBRS and others, but they just raised a lot. So think it will be fine for another 1 1/2 years of capex, especially if they IPO this year. I also don't think we'll get massive Fed tightening despite "predictions" since this will trigger a contagion since many of these players rely heavily on debt. And although the Fed is independent, don't think Trump would have supported someone who is against his administration goals. As for semiconductor valuations going up every day like $AMD or $MU, there's probably going to be some corrections here and there. Everything going up together is kinda unhealthy. Can't time the capex peak but just from $AVGO and other projections, it just keeps accelerating exponentially into 2028. Especially as everyone is starting to sign multi year agreements as well. OpenAI contagion / hyperscaler capex decreasing / fed tightening was what I'm looking out for, and no blaring signs of any of those yet. So I think the music will keep playing for this year at the bare minimum.

I did say $MU looked like the next $NVDA. Now we're at a $1.23T MC. Started talking more about Samsung Electronics/Sk Hynix back in 2025. Put more concentration into the memory theme like $SNDK and others, Jan of this year. And I'm glad my prediction with Micron + memory is playing out well! Hope people had fun with $EWY longs too, those are up a lot.

New reports that $AMD is scrambling for CW laser supply. And is negotiating large-scale purchase orders for CW Lasers to ensure its production capacity is not constrained by $NVDA (Trendforce) Obvious CW laser beneficiaries: - $SIVE (AMD went to GFS for CPO, Sivers reference laser level) - $AAOI (Rosenblatt analyst checks) Lumentum/Coherent are kinda booked out way into 2028 as well. Lumentum is especially constrained for CW capacity already from existing EML contracts (so they probably are buying from Sumitomo/Furukawa and co). Maybe Macom and Japanese giants still have spare capacity. (disclosure, own aaoi/sivers). I predicted this last year and said hyperscalers should go more upstream to secure capacity... at laser levels, epiwafer levels, or even inp substrate levels. To not get bottlenecked by Nvidia.

$NVDA and $AMD (June 16, 2026-monthly charts) I bought $NVDA and $AMD when the monthly red candles appeared. $NVDA printed one in January 2023 while trading around $15.20 (split-adjusted), and $AMD near $110 in 2025. (Please refer to the charts.) Since then, both stocks have delivered outstanding performance. For compounding gains, I continued accumulating steadily — roughly over one year for each: 2023–2024 for $NVDA and 2025–2026 for $AMD. This experience reinforced what I’ve long believed: position sizing matters far more than perfectly timing the bottom.

I’ve written a thesis on these 3 themes early on: Neoclouds, Photonics, and Memory. Now, it’s fun to sit back and watch all my thesis ideas play out from $AAOI to $EWY to $NBIS. Even got my warnings right too, $IREN is still stagnant due to the $6B of constant selling pressure from the ATM, while $NBIS reaches ATHs. But the bagholders still don’t want to admit it. Think a core part is knowing what theme comes next with markets, then comes picking the winner + heavy concentration in them. If you went long on software and chose the ideal stock, you’d probably end up not as happy? Photonics is still probably the earliest out of the three. But I can see Nebius end up like AWS one day. And $MU / SK Hynix / Samsung potentially end up like a mini $NVDA if memory demand is structural.

$SIVE is the next SIVE. Don’t think you’ll find another company. That’s qualified and likely primary/sole source with: - $JBL and other pluggable hyperscaler suppliers - Ayar and the $NVDA NVLink CPO ecosystems While being the foundational reference laser for $GFS and pluggable/CPO/NPO deployments. That hyperscalers like $AMD and others use, at current valuations. Even $POET buys $SIVE lasers and Poet is about the same valuation just off having one $50m purchase agreement. Amount of hyperscaler suppliers for 2027 into 2028 is just ridiculous. From the general meeting today in a few hours, we’ll hopefully see NASDAQ listing timelines confirmed. So they can have room for M&A to TAM expansion and to make each laser they sell more valuable. Following what $LITE did to grow into a $75B company.

RT @dannycheng2022: I've been sharing my bullish thesis on $NVDA and $PLTR since 2023, and on $AMD since early 2025. Yet every single day I still get messages like: “If we are not in yet, should we chase now? How should we position?” Over the past two years, I’ve posted more than 60 reliable buy signals and multiple clear buy orders with my community, many of them labeled “MUST-READ.” How are people still missing them? Even if you’re not subscribed, just following me on X means you won’t miss the signals! I am speechless! @cantonmeow @sheslee @tonylee80 @starship_ride @Hiteshp99 @elynast @mkfilko @gabz_investing @chad_ventures

RT @dannycheng2022: Some people will always tell you not to buy a stock once it has already doubled or tripled — but my experience has been the exact opposite. I’ve made it a habit to chase strong momentum names after they’ve already run hard, even 2x or 5x from my initial positions. Many of those decisions turned out to be highly profitable, especially when I sized them aggressively. For example: I chased $NVDA around $30+ in 2023 after it had already tripled from its 2022 cycle low near $10.80. I chased $PLTR after it doubled from $5.83 to $12 in 2023. I chased $AMD at $150 in 2025 after it had already doubled from its cycle low near $76. I chased $TSM at $112 in February 2024 after it had doubled from $56.90 in 2022. I chased $IREN after it 10x’d from $1.02 to over $10 in 2025. I chased $ONDS at $2 and higher after it 5x’d from $0.38 in October 2023, and I kept adding as it continued to climb (4x from my initial entries). I chased $HOOD in the $10–12 range after it doubled from its 2022 lows, then kept adding more between $70 and $77 in 2026. I chased $BB between $4.50 and $5.50 after it doubled from $2.01 in August 2024. I chased $TE at $6.50–$7.50 after it had already 6x’d from $0.92 in April 2025. The real edge isn’t avoiding stocks that have already doubled or tripled — it’s having rock-solid conviction and the discipline to hold through volatility. Pure fundamentals rarely give you that edge. What matters is a reliable mix of technical signals, whale momentum, sector tailwinds, and a clear narrative. Chasing strength has beaten waiting for “cheap” names every single time — as long as you know which ones still have fuel left and you’re willing to ride the waves. @cantonmeow @matthughes13 @chad_ventures @gabz_investing @sheslee @tonylee80 @Hiteshp99 @Nagetheworld

$NVDA and $GOOGL lead 800V DC ahead of schedule. "Ahead of schedule", pulled up to Q3 2026 with small volume shipments starting . - Delta Electronics (2308), $VRT - Song Chuan Precision (7788) - Schneider Electric, Eaton, Siemens. All flagged as beneficiaries. "Market sources indicate that Nvidia’s Vera Rubin platform and Google’s next-generation AI data centers will be the first to adopt the technology" Source: Commercial Times The power semi trade should be happy to hear this.

If you haven’t noticed too with my other investment themes with 800V DC and CPO recently. It’s investing in $NVDA, America’s national champion in AI, and securing their supply chains. Many things feel technologically difficult with yields to substrate supply. People can always bear post laser capacity or export control bottlenecks and tell people to short Nvidia’s supply chains due to difficulties. But by investing in the critical companies to give them more capex spend for FAU capacity / yields. Or funding upstream red phosphorus/InP substrate capacity or SiC/GaN capacity. It builds up Western supply chains to make what’s technologically challenging, possible. Also I believe in Jensen.

Why do I keep getting these questions!!! $XFAB is building a Silicon Photonics foundry alternative to $TSEM and $GFS. And has Europe backing it + $NVDA evaluations. It takes time... Like October 2026, should finish up development. Then 2027 production scaled into 2028 (mass production), since they've been working on it since 2023. Everyone thinks it’s a depressed automaker supplier right now. And thankfully with European names they tend to look at TTM revenue over forward growth. So somehow it’s leading EU’s efforts to create a $TSEM silicon photonics foundry + supply chain at ~€1.1B MC? That R&D directors from ASE cite + others as future CPO routes. I’m might just really early to a lot of things, but of course most of the risk/reward comes from taking a little leap of faith in seeing it commercialized. Otherwise people can take the de-risked route with Tower directly (which I also wrote a thesis on awhile back and also like).

Basically this… and it’s how cycles work. Retail was early and completely frontran institutions on next architectural shifts. There was close to 0 US institutional ownership on $SIVE. And now you see active institutions like JP Morgan, Fidelity Research, and others on the cap table. Happened last year with $NBIS. > I called out close to <30% institutional accumulation and said they wanted more shares. > institutions bought up majority of the float > bunch of negative articles back then, now it’s positive and ATHs. Two years before it was $RKLB > Was long at $16, but institutional analysts kept giving record low PTs and told retail to sell, although it had such a high reusable rocket rate. > retail sold, institutional ownership stocked up > now it’s ATHs I expect Foci (3363) to be a bottleneck for both $NVDA and $TSM optical programs and now there’s firms implying you to sell that at $2.5B valuations alongside $HIMX. So if you see negative sellside reports or an uncanny wave of negative news, if’s a good signal they need liquidity. Recently some smaller hedge funds have been so desperate that they’re likely even using bot farms on X that told retail to sell lol… which I’ve uncovered recently. Regardless, it’s also why I spend a lot of time doing research on individual names so people can build their own conviction in the face of noise. Unfortunately, it’s just a part of life how the modern liquidity cycles/transfers of US retail -> Institutions work. They don’t work in the best interest of retail investors.

Morgan Stanley: $NVDA has denied the reports 800V DC has been pushed back. Recent SemiAnalysis reports run contrary to our own checks at Computex. Bro this has gotta be the dumbest CPO/800V selloff I’ve seen. Since the selloff from their claim $MU had 0 share of Nvidia HBM4 https://t.co/YX9apQSVLT

If you want a TLDR of today: &gt; be $NVDA, $5T company. Force shift to 800V DC and CPO &gt; analyst: I don’t think u can do it in time! &gt; market: “I don’t trust Nvidia, time to sell everything” &gt; Nvidia and Lumentum executives after: Bullish on CPO, timelines accelerating. ???

$LITE Management Speech from Mizuho Technology at today’s conference. The company expects to start shipping CPO scale up optical products in the second half of 2027. With formal ramp up in 2028. No delays, as this aligns with previous timelines shared. So today, we also got confirmation from $NVDA SVP no delays on CPO scale out timelines H2 2026, and they’re beginning mass production. And $LITE management also stated no delays on CPO scale up timeline. The leading companies in Nvidia and Lumentum probably know their own timelines the better than incorrect analyst reports telling them no. And both are incredibly bullish on TAM and opportunities.

$NVDA Networking Senior Vice President refuting recent analyst reports on delays: - “ the most exciting stuff is co-packaged optics.” - There is no delay in H2 CPO product delivery schedule. - CPO switch will enter mass production and begin ramping up customer deliveries as planned in the second half of 2026 This was a media article, original interview source credit should have been credited to Tae Kim / Computex. Something fun to note too was this quote “Gilad was VERY enthusiastic about the CPO ramp from Nvidia.” Both near term and long term. Yeah… I’m extremely bullish on CPO alongside Nvidia.

CPO scale out earlier than expected: > Foxconn: est. units register upward and optical switches shipped early to $NVDA CPO scale up timelines from $LITE Mizuho Technology Conference today: “The company expects to start shipping Scale-Up optical products in the second half of 2027, with formal volume ramp-up in 2028” SVP $NVDA networking: “We’re going to ramp up CPO second half of this year”. No delay indications. I’m gonna go ahead and trust industry projections. Where they all reiterate faster timelines for scale out CPO H2 onward. And scale up CPO H2 2027 onward (with main growth happening 2028) Over a questionable motive analyst firm that said $MU had no share of HBM4 Rubin (causing a selloff) Where micron went out shortly later to into enter mass production. (Triple digit return shortly after) I think people going long on temporary bridge architectures from this incorrect report won’t be too happy. Appreciate the buying opportunity though.

On top: $NVDA CEO also called out Silicon Photonics (optical networking) with memory. Stating that Nvidia would require “supply volumes beyond imagination”. What a bullish read through on the SiPH supply chain from $SIVE (now upstream Nvidia ecosystem) to $SOI https://t.co/m6jub4nfzx

Oh look… $NVDA CEO warned memory shortage is expected to persist for many years, due to massive scaling demand of AI infrastructure. With further announcements tomorrow. $MU and $EWY (Samsung/SK Hynix) operating profit projections aren’t looking too crazy anymore? https://t.co/OvjyrifRtO

Sure, #1 thing is toxic financing structure/float dynamics. Best example is current Neoclouds landscape: - $IREN is basically trash, since they have $6,000,000,000 ATMs and virtually infinite dilution, likely selling into every rally (structural overhang) - While $NBIS is now YTD 153%+, from optimal structures (eg. $NVDA direct funding, mix of convertibles, etc.). - On the other hand, $CRWV has endless debt interest given they took out high interest rate loans to finance GPUs. It's extremely nuanced, but you need to take a look at the float dynamics. If they're legitimately a good company, then it might be a good idea to go long after all the existing holders get diluted to oblivion. But if you care about your equity appreciation, it's a good idea to stay far away from toxic financing structures or toxic overhang (eg. debt interest, that eats away at a company FCF long term) With smaller companies, they have this all the time, like $SLNH, where there's new $500m ATMs on a $250m MC. Or like $BKKT where there's endless dilution to fund executive pay. With these companies you're basically transferring your money over to the company while influencers talk about them. So those are red flags. With many software names like $SNAP, they mask stock-based compensation with profitability. So while the company optically looks profitable, you'll likely see the value of your equity decrease due to dilution. There's endless types of these share structures you need to look when screening ideas.

I think my personal style of investing is a bit different, just some reflection: It's inherently discretionary, based on stuff markets don't know yet. And a culmination of life experiences? If you look at $AXTI, $RPI, $SIVE, $IQE and others. Lot of it is guessing on unstructured relationships then seeing if it's right or not down the line. $RPI is the perfect example: 1. Nobody really thought of Raspberry Pis for AI growth. Mainly people bought one or two just for class + education + hobbyist. 2. After OpenClaw, just noticed all my friends and people just buying Apple Mac Minis / RPIs for AI applications. 3. Found validation of that trend online with lot of people sharing video tutorials on AI orchestration with RPI. 4. AI was their ideal perfect growth vector, did some modeling, and thought it was compelling. Earnings comes out and I was right. Everyone in media was calling it a meme stock because there's nothing online that shows revenue growth from AI (was 14% forecasted revenue growth, turned out to be 58%, my projection was around 55%). So it was a mix of guessing next industry trend (AI using lightweight hardware instead of GPU clusters), real life trends, then revenue forecasting off my guess. For stuff like $AXTI: 1. Everyone called it a joke when I bought at ~$12. LLMs would hallucinate and say "hyperscalers/govs would have known about this by now and fixed this vulnerability with InP substrates" 2. Or would conflate very nuanced parts of InP substrate stack, where there's multiple different chokepoints in upstream processing. 3. So part of this was just discretionary based on what I've seen over InP substrate breakdowns, industry trends, etc. 4. Then also guessing the major supercycle was photonics (this was before everyone caught onto $LITE, and others). Or before you saw the $141B TAM projections from GS. 5. AXT owned 40% of InP supply chain, without them the supply chain just gets cripped). 6. All the "analysts" were forecasting steady InP substrate growth, few hundred million TAM, etc. or export controls. 7. Everyone kept trying to say $AXTI was overvalued based on TAM estimates. But if it's a few hundred million TAM you just think that's a joke and go into game theory over allocations. 8. Then I just had to guess, how much would this be worth if it were a NAND style bottleneck, what MC could it reach based on control, how much would hyperscalers price it as, etc. A lot of the current research outputs from Goldman Sachs, or earnings reports from the Epiwafer companies, were confirmed after I published my piece on AXT. If you did research back then, lot of the same material /framing wouldn't have come up. With stuff like $XFAB as you're seeing now, a lot of it is just pure guessing: 1. Not really any CPO materials, how much their MTP process makes in revenue, etc. Everyone online keeps saying they're not a photonics player. 2. But if you go through ASE docs or Gov websites, they all kinda cite XFAB as a major emerging player here. 3. $NVDA also evaluating them right now (maybe it's successful who knows). 4. No clear revenue around this area because their main silicon photonics process is still precommercial, but if you guess it's trying to create a EU supply chain to compete with $TSEM, once pre-commercial shifts to commercial, maybe similar but less volume contracts? 5. Then just seeing updates over the next few months to see if anything confirms this thesis guess. _ I think a lot of information discovery still can be done with LLMs I'm seeing online. But it's also really hard to make a bunch of unstructured inferences based on unrelated material or even just trends you're seeing in real life. So probably better to just do what's standard, eg. do valuation forecasting based on current numbers Stuff like $AAOI, if they're projecting $471m/M h1 2027 and you see MC at $12B, probably undervalued might be a good idea to go long for next years. Stuff like Samsung Electronics is easier, see what people are modeling for operating profits for 2027, 2028 then just seeing if it's undervalued or not at current levels. Maybe something harder is $JBL. I haven't really seen any great volume numbers around 1.6T LRO, but you can just make a guess on how popular that might be then project how that might impact current MCs. Or picking just good names everyone kinda agrees like $TSM, $INTC, $MRVL is also solid. So a lot of things is just building up your life skills then applying that to markets. I don't think it's that can be taught with courses and stuff. Of course, much of what I'm doing is just high conviction inference based on unconnected parts. Could always be wrong.

Okay... just some more weekend shower thoughts about $XFAB. I still feel like it could be the next $TSEM, just early stage at a $1.4B MC? They kinda leapfrogged current gens (which $TSEM are getting volume from) to compete for H2 2027 CPO scale up inflection point ($ASX docs cite Xfab (aka. photonixFAB) as focusing on CPO) By building out some black magic MTP (transfer printing) architecture for lasers w/ other stuff like TFLN. Basically next-gen integration IP, they're still behind on yields, sure. But $NVDA evaluating it for transceivers/switches to see if it can volume ramp. That $NOK sets the specifications/assembly for. (nvidia invested in nokia for this these switches/networking too btw). And if their MTP supply chain works... (eg. with Smartphotonics providing lasers, EU players doing assembly). It basically volume ramps with $NVDA just like why Nvidia signed long term agreements with $TSEM? Downside risk? Already below replacement book value, can always go lower yeah, but typically to a certain point. Maybe more CHIPS act subsidies next few months from chips act 2. If it doesn't go well there's SiC (152% Y/Y Growth, 195% Y/Y SiC wafer shipment growth)/GaN power semi upside. Europeans /LLMs will say "oh evaluations doesn't mean it's a future contract!". This is kinda different since the European Union is behind this effort and $XFAB for soverign photonic supply chains. Not your typical company + hyperscaler evaluation, since $NVDA wants to be nice to Europe's regulators. They'd prob be pissed if nvidia just stayed in US/Taiwan/China. So if they can make this MTP black magic work with mass production, feels almost for sure nvidia/nokia volume ramp on some tiny $1.4B silicon photonics foundry or at least throw them a bone with smaller contracts. In terms of timelines, maybe just a months early since it volume ramps H2 2027/H1 2028 (which happens to be in line with CPO scale up timelines)... Or just unknown because they named their project something stupid like photonixfab? Like XFAB Photonics would have been better? so institutions/screeners can connect the dots when looking at CPO silicon photonic foundry players? Automotive should also coming out of a slump medium term, sped up by self-driving (TSM Chairmain comments yesterday said ai automotive was TSM's growth vector alongside robotics). So their core business also should pick up speed too medium term. Obviously markets/europeans want a "Nvidia signs $2B+ contract, XFab volume ramping 2027!" But by then it will be a $9B+ company and you miss out on all the upside. And especially since everyone analyst/institution is blind to volume expectations for these.... Normally don't invest in companies in evaluation stages, but this just seems very de-risked by EU sovereignty + Gov backing, and you have Nvidia + Nokia there for volumes if they can make the IP work. I think markets are probably missing something here... there's almost 0 value being assigned to being CPO exposure in Europe as their long term upside.

Fun times with market corrections. Leaders from $NVDA down -4.87% to $MU down -7.03%. High beta names like $PL down -22.02%. Funny to see media always trying to explain like: "Micron suffers record wipeout as Broadcom casts a shadow over chip stocks " Broadcom projected insatiable demand into 2028, just made up narratives. Nothing's changed the AI buildout aside from increasing capex. Main material thing was rate hike probabilities increase. But you have random ones like these few times a year into ATHs. Personally wouldn't try and trade fed decision probabilities and stay long on current company projections (eg. $AAOI $471m h1 2027)

Some people will always tell you not to buy a stock once it has already doubled or tripled — but my experience has been the exact opposite. I’ve made it a habit to chase strong momentum names after they’ve already run hard, even 2x or 5x from my initial positions. Many of those decisions turned out to be highly profitable, especially when I sized them aggressively. For example: I chased $NVDA around $30+ in 2023 after it had already tripled from its 2022 cycle low near $10.80. I chased $PLTR after it doubled from $5.83 to $12 in 2023. I chased $AMD at $150 in 2025 after it had already doubled from its cycle low near $76. I chased $TSM at $112 in February 2024 after it had doubled from $56.90 in 2022. I chased $IREN after it 10x’d from $1.02 to over $10 in 2025. I chased $ONDS at $2 and higher after it 5x’d from $0.38 in October 2023, and I kept adding as it continued to climb (4x from my initial entries). I chased $HOOD in the $10–12 range after it doubled from its 2022 lows, then kept adding more between $70 and $77 in 2026. I chased $BB between $4.50 and $5.50 after it doubled from $2.01 in August 2024. I chased $TE at $6.50–$7.50 after it had already 6x’d from $0.92 in April 2025. The real edge isn’t avoiding stocks that have already doubled or tripled — it’s having rock-solid conviction and the discipline to hold through volatility. Pure fundamentals rarely give you that edge. What matters is a reliable mix of technical signals, whale momentum, sector tailwinds, and a clear narrative. Chasing strength has beaten waiting for “cheap” names every single time — as long as you know which ones still have fuel left and you’re willing to ride the waves. @cantonmeow @matthughes13 @chad_ventures @gabz_investing @sheslee @tonylee80 @Hiteshp99 @Nagetheworld

$SMH (June 5, 2026-daily) Since early 2024, I’ve been telling my community that $NVDA, $AMD, $TSM, and $AVGO are must-holds. If you want real success, you need to build and maintain a larger position in at least two of these names. Fast forward two years: if you’ve held through the volatility and bought the dips, you’re sitting on serious gains. Even if you don’t own individual semiconductor stocks, $SMH remains a core staple. The bullish uptrend looks unstoppable. My daily charts have delivered four clear buy/accumulation signals, and my favorite volatility hole indicator is the best guidance — a break above the upper boundary could 99% ignite the next leg higher!

$AAOI is one of the names I keep averaging up on since $28. Just from random shower thoughts… I feel like it’s just imminent to double or triple if they execute? There’s just too much demand for 800g/1.6T optical transceivers… Then this company is targeting the largest capacity in the US, with extreme vertical integration. I think something to keep in mind is sovereign DCs / T2 AI DCs which increase the demand for 800g as hyperscalers upgrade to 1.6T. So demand for 800g can actually keep increasing… Then there’s the analyst rumors of $AAOI conversations with $AMD / $NVDA. Which is kinda expected given everyone is getting their capacity allocated way into 2028. Nvidia always starts first and causes bottlenecks for everyone else as seen with EML, so not surprising if another hyperscaler learned their lesson this time? Also, everyone seems to be modeling lower ASP at scale. But if this ends up a major bottleneck H1 next year as expected… Could see unexpected price hikes + margin expansion across the board from $AAOI, $LITE, and others not really modeled in.

This timeline keeps getting more and more unreal… $NVDA Jensen Huang to meet Faker (League of Legends) I did talk with Jensen few years back about PUBG and GPU shortages for mining. And he was enthusiastic about ideas for cross-platform gaming + getting enough allocation to gamers. Fast forward to now, feels like Nvidia kinda ignored gamers… for AI, which is understandable. So this is a nice symbolic message for a return to Nvidia’s roots.

$SIVE looks like both a chokepoint and a bottleneck for CPO next year. Keep seeing information published from nontechnical people who miss any nuances. Here’s the reason why: 1. CW lasers are bottlenecked signaled by $LITE earnings. Laser fabs are heavily allocated to EML likely from former $NVDA contracts. -> Sumitomo/Furukawa = bottleneck -> Win Semi = bottleneck $SIVE does fab-lite, so are they a bottleneck? Yes, $SIVE sits in the laser bottleneck since control output supply of CW lasers from Win Semi and other fabs from allocation way early on (CEO stated they working with more capacity from other players as well). Perfect example is Kioxia/Sandisk. $SNDK controls NAND output, so they’re a bottleneck because they control final pricing. Demand exceeding supply from Ayar, Jabil, other pluggable vendors + Nvidia NVLink CPO ecosystem… final laser supply owned by $SIVE makes Sivers a bottleneck. $SIVE is also likely primary/sole source for Jabil, Gen-1 Ayar, $MRVL Celestial, and other hyperscaler asic/merchant CPO routes. So no way to get around it (can’t hot-swap single channel cw lasers with Sivers) 2. $SIVE is a chokepoint over CPO. $NVDA use $COHR, $LITE (which likely sources external cw capacity from Japanese competitors) $AVGO is likely vertically integrated as well. However: the entire ecosystem around it from ASIC programs (Marvell, AlChip, etc) and merchant programs (Ayar, Lightmatter, Lightelligence) Are all likely designed around $SIVE. Ayar for example, likely tried to multi-source with $MTSI / $LITE back in 2022 but their lasers probably couldn’t match the level of Sivers specification with arrays (removed Lumentum / Macom from their supply chain site recently) If there’s no alternative at least for the initial generations (obviously they’re working to multi-source). That makes $SIVE a structural chokepoint to go through for lasers. Even if you look at the 1.6T LRO $JBL designed, they achieved a “drastic moat” with performance built around $SIVE likely sole source. $SIVE is also the foundry level reference laser design for $GFS, which your hyperscalers use like $AMD (likely using Sivers + maybe Ayar for gen1): If every major player, who hasn’t achieved vertical integration (Nvidia/Broadcom) is using Sivers for CPO… That makes them a chokepoint. Just look at the entire CPO $NVDA NVLink ecosystem partners: every single one are all likely using Sivers. And they all use $GFS as well (where Sivers is default reference). So $SIVE is both a chokepoint and bottleneck when CPO really scales up H2 2027, over one of the biggest architectural shifts of all time (near $0 -> $81B or $91B TAM in the next 1 1/2 years from GS research note) This is why I say $SIVE looks like it could be the next $75B $LITE over the next couple years. All of this should play out next year. And it’s still trading less than a company with $50M in purchase agreements that buys Sivers lasers to repackage them.

Just some random notes about $AVGO earnings transcript - Revenue target reiterated ($100B+ 2027, pretty sure markets wanted that to be raised this earning, hence the drop) Remember $NVDA Jensen comments about $MRVL $1T company around networking/connectivity/interconnects? - “So as the TPUs continue to accelerate, there’ll be pressure overall on margins. But the connectivity side, the AI networking side of the business has very rich margins” “Demand for … networking is simply insatiable” Also very positive read through as well for the $LITE and the other players. But for TPU margins it goes down at scale, which is understandable. - “they are placing orders in fairly huge demand, which basically gives us a lot more visibility.. runs all the way to 2028 right now” positive read through on overall AI demand since it’s 2026 now… and orders are out in 2028 - The initial order for 1 gigawatt, which includes XPUs and our networking has been received and will start Delivery in the second half of 2027. for our other two customers, we expect shipments to begin late 2026 and accelerate into 2027. $META custom AI program h2 2027 timelines - “Our revenue, our content per gigawatt will increase. you start putting a lot, you start putting embedding CPU cores into the same XPUs and making those chips basically multi die with lots of hvm.” Just for the GW modelers. - “For OpenAI we have delivered silicon and we are on track for production late 2026” OpenAI custom program timeline - “If you ask about 27 or 28 that will continue to grow. We expect in fact 28 to be a substantial growth from what we are forecasting in 27.” More about the demand ramp, go brrr - “Google, that we expect a diversity of sources from them” Mediatek (2454) primary beneficary, maybe $MRVL. Already expected though Google doesn’t sole source so they don’t get bottlenecked. There’s quite a lot of AI demand visibility way until 2028, which is bullish on the AI sector as a whole. Regardless, Broadcom ends the week +0% lol. TLDR: Strongly bullish AI demand, especially networking. Stocks don’t move in a straight line up, but demand curves 2026-> 2027 -> 2028.

The difference between NASDAQ and EU listing: $POET: $2.4B MC -> Packages Sivers lasers -> One $50m pre-production contract for warrants > $XFAB: $1.7B MC ->SiC/GaN/MEMS/Silicon Photonics Foundry backed with EU CHIPS ACT, US CHIPS ACT PMT -> Below replacement P/B value -> $NVDA, $NOK direct eval of their pre-commercial SiPH foundry, volume ramping 2027/2028 -> $XFAB leading high-volume scaling of Europe's photonic supply chains as the foundry, with IMEC/CEA-Leti, Ligentec, Smart photonics, PHIX Photonics, Luceda Photonics, and Europe's photonic players under it. -> Leading customers like $NVTS, $POWI, Lite-On -> US from Dpt. of Commerce: "the only high-volume SiC foundry in the U.S."

Yes, we talked about why aggressive sizing in some stocks is necessary. This is what I’ve learned from the very wealthy in Asia over the past decade through my observations and interactions with them. Without proper position sizing, meaningful wealth creation is almost impossible. Holding just 100 shares in the right stocks — even in names like $AMD, $NVDA, $AVGO, $TSLA, $MU, $MRVL, $ARM, or $INTC — won’t change your lifestyle or retire you. When we’re in the right stocks, we should size up aggressively during big discounts and continue to add when bullish signals flash across the screen. Maybe Cat @cantonmeow will share a chapter on position sizing in his new book. It really takes us 3-4 weeks to fully explain this.

Wow… new extremely transformative news got released today. Making a certain photonics company: The effective upstream laser chokepoint for $NVDA NVLink fusion CPO ecosystem. With their lasers now in Nvidia’s optical infrastructure supply chains. Can anyone guess the name?

Tbh $XFAB lowkey reminds me of early $TSEM. Just sub <$2B MC. You basically never find a company with $NVDA and $NOK actively validating your pre-commercial silicon photonics foundry… (photonixFAB) While getting CHIPS act/Gov grants to subsidize capex. While leading the Europe’s effort to build a photonics supply chain. Feels like that alone would justify valuations… but you get the power semi SiC/GaN operations for free too and all its assets. CHIPS act 2 is coming out tomorrow, and $XFAB is listed in the photonics blueprints. Did I miss something? Or did markets miss something?

The most consequential event of an entire company’s history. Got released today with a photonics player. Making them the functional standard laser for CPO, Pluggables, and SiPH. For companies like $NVDA, $AVGO, $AMD, to $MRVL using the foundry. Does anyone know the name?

$NVDA Jensen Huang: “ $MRVL the next $1T company ladies and gentlemen “. Marvell is currently trading at $191B. I have positions in Marvell… but how much faith do we have in Jensen for the 5x? https://t.co/II4DTZ5Z9D

$NVDA, Siemens, and $FLNC develop reference power architectures for Vera Rubin N72. This comes at the time FLNC has 2 likely hyperscaler deals coming up. Just in case why you’re wondering it’s up 36%. https://t.co/8f4gAhJeTE

It’s mainly just “follow the leader” algorithmic selloff in current photonics markets. Most laser/optical related companies from $AAOI to $SIVE seem tied to $LITE performance… Despite individual fundamentals improving. Eg. (AOI with $AMD / $NVDA discussions). Algorithms don’t differentiate well, especially if something is higher beta than others. But if you know something markets don’t like Sivers with more optical transceiver customers unannounced. You can outperform in the long run. There’s a lot of 20%-30% intraday moves nowadays, so I personally wouldn’t trade these movements. Just going long on the Kingmakers in photonics thematically since I’m confident in exponential TAM growth.

Just some mobile shower thoughts around $XFAB and train of thought: 1. 800vdc $NVDA push look for GaN/SiC players / power semis. 2. $NVTS and other fabless/fab-lite beneficiaries of $NVDA push probably use foundry models 3. care more about Western supply chains over Asia, want to build up Western capabilities + Western premiums. 4 China has a lot of capacity, maybe risk into 2028, but again it’s building up Western supply chains 5. XFAB only high volume SiC foundry in America (others like $ON or Infineon are vertically integrated) 6. advanced 6in SiC, 8in GaN on Si, building out 8in GaN 7. Maybe likely they’re developing 8in SiC from CHIPS backing, just not public material 8. check SiC revenue -> 152% Y/Y growth okay. Probably something markets missed, since blended looks worse from automotive slump, that should come out recovery 9. $NVTS and others turns out to use $XFAB. $POWI cites $XFAB in filings, among others. 10. both are $NVDA power semi explicit partners, great exposure indicator to 800vdc power semi players. 11. US Dpt. of commerce cites $XFAB as only high volume SiC foundry in the US, $50M PMT 12. validation from US Gov about critical component in supply chains is amazing 13. EU CHIPS Act gives $XFAB $128M EU, for foundry (MEMS, AI, etc), okay turns out they’re critical MEMS player 14. So that’s validation from EU gov about critical component in supply chains, dual continent subsidies 15. So now we know $XFAB is a critical MEMS foundry so you get SiC capabilities, GaN development, and MEMS upside 16. they also got $47.6M EU funding for leading Silicon Photonics supply chain in EU. So that’s EU funding on multiple angles. 17. Turns out, I know all the players there from smartphotonics from $GFS deck. 18. $NVDA and $NOK are qualifying them for silicon photonics HVM. I think this is just a government backing angle for success in EU photonics so likely to succeed… kinda like how Us gov encourages everyone to use $INTC. 19. Okay chips act 2 is coming out next week… so they’ll probably get funding there or more revenue commitments 20. 1.28 p/b, now that’s probably just book cost? Likely coming out of $SOI type legacy drag cycle. 21. Did some modeling around actually replacement values, true replacement p/b cost likely ~.5/.7. 22. Getting business for free, while having upside from SiC near term into Silicon Photonics / GaN as main growth past H2 2027. Thoughts: derisked by p/b values + replacement value. maybe like 20% downside from macro. However, critical dual continent importance. So downside risk seems low, but upside is compelling. Lot of capex likely backstopped by upcoming chips act catalyst + national security concerns. Maybe 2.5-4x rerating seems possible/likely. Not a 10-20x, but recovery from depressed valuations from silicon photonics upside with SiC / GaN bridge. TLDR: likely trading lower than replacement value, dual continent subsidies likely subsidize capex. Gov grants shows importance to Western supply chains, photonics longer term upside, SiC/GaN demand likely near term upside and bridge. Don’t control any recent volatility, should shake out anyone not really confident in the thesis though. CHIPS act 2 from EU is coming up, $XFAB was listed in earlier blueprints for optical ecosystem, so should get a boost after that comes out as near term event catalysts. So now is the risk reward seems compelling, we’ll see if this is right or not

I've been sharing my bullish thesis on $NVDA and $PLTR since 2023, and on $AMD since early 2025. Yet every single day I still get messages like: “If we are not in yet, should we chase now? How should we position?” Over the past two years, I’ve posted more than 60 reliable buy signals and multiple clear buy orders with my community, many of them labeled “MUST-READ.” How are people still missing them? Even if you’re not subscribed, just following me on X means you won’t miss the signals! I am speechless! @cantonmeow @sheslee @tonylee80 @starship_ride @Hiteshp99 @elynast @mkfilko @gabz_investing @chad_ventures

Good stocks are trading at a premium for a reason. If you keep waiting for your dream entry prices or an Elliott Wave correction, you will almost certainly miss the ongoing uptrend. Based on my observation of many Elliott Wave charts, the common projected targets I've seen are: • $ONDS at $2 • $PLTR at $60 • $TSLA at $200 • $NVDA at $62 • $AMD at $120 • $HOOD at $45 • $SOFI at $12 That said, I’m not certain we will actually see these levels — nobody has a crystal ball. All technical predictions are simply for reference. To me, Elliott Waves are like horoscopes: interesting but not something I rely on. I prefer to trust my own analysis and conviction rather than follow random chart drawings.

Picking the Right Stocks is Easy. Building Real Wealth is Brutally Hard. (June 1, 2026) Spotting the right companies is only the beginning. True wealth creation demands something far rarer: the right mindset. Here are the 5 non-negotiable traits that separate those who build life-changing wealth from those who merely watch from the sidelines: 1. The ability to endure extreme volatility Most high-growth tech and innovation companies swing 50-70% or more during their journey. Not everyone can stomach that. If you get shaken out during the inevitable drawdowns, your “great pick” becomes worthless. 2. The courage to size up aggressively on discounts When the market (or “whales”) hands you a meaningful discount, do you have the conviction to buy big? Or are you selling cheap to them? Timing the exact bottom is a fool’s game. Position sizing is far more important. Buying a token amount might feel safe, but it’s usually a waste of time and mental energy. Big winners require big bets at the right moments. 3. The discipline to ignore permabear noise and trust your own conviction Permabears will always scream “valuation is too high,” “it’s overstretched,” "top is in" or “the bubble is about to burst.” Look at $PLTR today — the same tired arguments were used for years. Remember: I bought $NVDA at $15.2 with a PE over 120. Almost every legendary growth stock looked expensive at the beginning of its multi-year run. Looking back, most winners have vertical paths precisely because they deserve higher multiples from day one. 4. Stop seeking advice from others The more opinions you collect, the more confused and paralyzed you become. Investing is deeply personal — like choosing who to date or marry. You don’t crowdsource that decision. Develop your own framework, do your own work, and back your own judgment. That’s how real conviction is built. You don't need permission from anyone to buy and sell — nobody owns a crystal ball. Buy during big discounts and lock in profits when you’re euphoric. That’s the simple rule of the game. 5. The patience to hold for the full cycle Most people trade in and out, constantly chasing the next shiny thing. That works for short-term traders with small capital. But as a genuine long-term investor, I rarely sell. Great growth companies typically enjoy 15–20+ year compounding cycles. History shows this with every major winner. The Big 7 are prime examples, proving that 100X to 1,000X returns are very possible if you have the conviction to buy and hold. Selling too early is the silent killer of wealth! @cantonmeow @matthughes13 @sheslee @tonylee80 @Hiteshp99 @Nagetheworld @redfoxryder @HeidingOut

Everybody needs to find their own conviction stocks. Blindly copying others without doing your own research is a fast way to lose money. One man’s meat is another man’s poison. My top three core holdings — $PLTR, $NVDA, and $AMD — make up over 90% of my portfolios. I have deep conviction in them. But if you don’t share the same belief, patience, and discipline to dollar-cost-average during major dips, then copying me is totally pointless! Not everyone wins with these stocks. Many buy high, panic-sell on weakness, or fight the trend with options. I’ve watched some of my friends short $NVDA near $30 in 2023 and $150 in 2025— literally betting against me — only to get burned as it ran higher. Others sold $PLTR between $30–$40 because “valuations were extremely high,” and some dumped $AMD at $195 while still waiting for a gap fill back to $160. I’m fully prepared to hold these positions long term. I’ve been holding $NVDA and $PLTR since my first buys in 2023 and have continued adding along the way. For $AMD, I spent a full year (2025-2026) accumulating from around $110 up to $200 during dips and when my signals flashed bullish. I’m not looking for the “next big $PLTR or next $AMD.” While retail chases hype, I’ll quietly keep accumulating my own conviction stocks whenever whales offer real discounts. That’s my edge — patience, conviction and dry power during big discounts!

At $NVDA GTC/Computex in Taipei: I think we’ll hear about the next AI bottleneck. That’s owned by a .6 P/B potato farming company in Japan, with a 180 year history. Their owner cooks those potatoes in night markets for 160 yen a piece. But that same potato farming equipment used to grow potatoes with optimal sunlight. Is now required for optical alignment requirements for CPO. And their unique cooking technique is mandatory to address thermal requirements for Rubin. Can anyone guess?

$AAOI is actually my favorite photonics exposure in the US market right now. I went long last year with low sizing at $28, back when I guessed they were qualifying with $AMZN and $MSFT. High conviction post earnings at ~$70, when they announced 1.6T and other volume orders with hyperscalers. Capacity projections at $90 for 2027 timelines were bullish. Now at $150, the story from 2025 is coming together with all the laser fab bottlenecks, GS optical TAM projections, Made in America efforts, $NVDA / $AMD discussion rumors. The only thing holding them back is ATM after ATM, and now another $600m ATM… I personally think it easily rerates once the mechanical selling pressure stops. And personally think it could be a 4-5x return in 12-24M. Also I don’t know who calculates those forward p/e’s on the screener websites but they’re all extremely off.

Can’t believe $ARM went straight from $134 to $354 when I took positions. The ~$15B annual revenue coming from these cool name AI CPUs seemed a bit insane at the time. At Computex, looks like $NVDA is unveiling new ARM based processors too. Counterpoint them shows them dominating AI ASIC servers by 2029, projections which is crazy… GPU:CPU ratios are requiring more and more CPUs. Seems like they have everything going for them?

Finding 10X Stocks Is Not Difficult. Holding and Compounding Them Is Rare. (May 31, 2026) Finding a 10X stock is one thing. Holding it through volatility and adding aggressively on every dip is what separates the elite from the crowd. Most investors talk a big game about conviction, but crumble the moment volatility hits. They FOMO in at the top, panic-sell at the first red candle, and then chase the next shiny momentum narrative. Not me. Over the past three years, I’ve trained myself like an athlete to do what few can: identify generational winners early, initiate strong positions, and keep compounding through the noise especially from X: 1. $NVDA from $15.2 since January 2023 2. $PLTR from $8.8 since May 2023 3. $AMD from $110, since May 2025 I didn’t just buy once and pray. I kept adding every time the whales offered meaningful discounts and shared with my Tier 3 community—because real edges are forged in the fire of drawdowns, not during euphoric rallies. I don’t need a portfolio full of 100 stocks. I just need three truly exceptional companies executed with discipline. While others scatter their capital chasing whatever is hot this week/month, I stay laser-focused on the handful of names where I have genuine edge and ironclad conviction. This isn’t luck. This is process. This is mental toughness. This is turning market volatility into my greatest ally instead of my enemy.T he path to life-changing wealth isn’t about finding multiople winners. It’s about having the courage and discipline to ride the ones you already found—all the way to the finish line!

The “You’re So Rich Now” $NVDA ETF. These were just some of the supply chain partners Jensen made a toast to with that comment: TSMC (https://t.co/klkdidhdwN / TSM) - $1.95T Micron (MU) - $1.10T Delta (https://t.co/QU9iDMM1OA) - $202.28B Amphenol ( $APH )- $183.00B Foxconn (https://t.co/aTlwrBvYTH) - $128.88B Vertiv Holdings ( $VRT ) - $121.26B Luxshare (https://t.co/HXnZe7hGCv) - $78.99B STMicroelectronics ( $STM )- $61.60B Unimicron (https://t.co/hpt0Ophv4o) - $52.90B Asia Vital (https://t.co/RvcM9ecvSB) - $33.27B Lite-On (https://t.co/m9p28o5iLO) - $16.97B King Slide Works (https://t.co/KiNhmXtumB) - $15.35B BizLink Holding (https://t.co/yNk855AwXy) - $12.95B Megmeet Electrical (https://t.co/YdTe5Lhinp) - $10.78B Innoscience (https://t.co/1unM4FPf65) - $8.30B Chenbro Micom (https://t.co/8RU12cTJDW) - $5.44B JPC (https://t.co/6EU7QhvSnh) - $1.15B WUS Printed Circuit (https://t.co/52yoDEJ8Wh) - $972M

Hot take: Given $MSFT laptops/PCs are now likely using $NVDA hardware. They might have a shot of taking down $AAPL. Only if Windows OS UI weren’t a flaming pile of garbage compared to how clean Apple OS is. You would think a $3T company would know better UI design by now? https://t.co/OvysxCN21i

- $AAOI at $12B - $SIVE at $2B - Foci at $2.8B - Shunsin at $2B Usually the best risk/reward to me currently. Lot of my answers before like $AXTI already 10x’d, so different lineup this time. $AAOI due to absurd H1 2027 revenue projections from capacity ramp, doing everything from laser fab to assembly in America. $471M/month… that’s in 2027, the TAM increases exponentially in 2028. $SIVE is also ramping absurdly high, 77% revenue pipeline growth of the entire company’s history to ~$799M Primarily from photonics… in a single quarter. And they’re projecting 60% gross margins off that. Foci - $NVDA / $TSM primarily FAU supplier and bottleneck for COUPE. Genuinely not sure how this is $2.8B. BOM share for their passive components + FAU are massive in 2028. Just a bit early H1 2026. Shunsin - Legit you see Foxconn get CPO/photonics related orders over and over for $NVDA and others. Just nobody knows the packaging/testing gets done by Shunsin. A lot of contracts are also under Shunsin’s subsidiary too.. so markets/algorithms don’t know what’s coming imo. Runner up is $XFAB, they’ll probably be central to EU CHIPS act 2 for silicon photonics at ~$1.5B MC. And of course SiC/GaN foundries should go brr with 800vdc push by Nvidia. Especially if they’re the only high volume one in United States per Dpt. Of Commerce. And it’s such a low price/book ratio so you’re kinda getting the company upside for free, while US Gov/EU Gov subsidize their capex.

Honestly, looking back to late March and early April, the majority of voices on X were loudly calling for a sharp drop in May. Targets like $SPY to 5,800, $PLTR to $60–$100, $NVDA to $82, $TSLA to $280, $ONDS to $2, and $AMD to $120–$160 (mostly based on Elliott Wave counts or gap-fill theories) were all over social media. In hindsight, it became very clear who the real TA guys are and who the fake ones are. The genuine ones stayed objective, respected the higher-timeframe trend, and didn’t force ultra-bearish counts just to sound smart or chase engagement. The fake TA crowd, on the other hand, kept recycling the same broken patterns and doomsday scenarios — predictions that have been consistently wrong for years. Had anyone followed those fake calls, they would have completely missed this powerful parabolic rally. Retail sentiment remains low while a good portion of institutional money is still sitting on the sidelines. This is exactly why I see significant upside ahead. Every dip over the past three years has been a strong buying opportunity — and I believe this will continue. I have been holding and accumulating my winners since Jan 2023, as my research and technical analysis point to much higher prices. This is not financial advice — always do your own due diligence. But here’s the truth I’ve learned: don’t let the loud permabear noise affect your logic or strategy. The fake TA guys have been wrong for over a decade, and their excuses (recession fears, “it’s different this time,” broken wave counts) are getting weaker with every missed call. The market climbs walls of worry. Real edge comes from filtering out the noise, trusting your own process, and recognizing that fear is often the best contrarian signal. Stay disciplined, keep studying, and let real analysis — not the loudest voices — guide your decisions.

I’m actually even more bullish on $AAOI at $13B MC given all the recent laser bottlenecks… Than I was back at $2B or $6B. I also think markets missed the analyst note around potential long term supply agreements with $NVDA or $AMD. If they’re projecting $471M in H1 2027… that’s absurd ramp. But of course the $600M ATM is a short term overhang. Just a matter of waiting time? Given it’s more about keeping up with demand… So more of a matter of how much they can make. Probably my favorite US-based photonics long stock now that I own.

I genuinely think $XFAB is very compelling at $1.5B MC, despite recent volatility. Per NIST filings stated they were the only high volume SiC foundry in America. Making them extremely “critical infrastructure”… Verbatim from the US Gov. And they’re the first comprehensive pure play foundry for SiC/GaN. So it’s very compelling exposure as $NVDA pushes 800 VDC and as other power semi players from $NVTS and $WOLF are all re-rating hard. For long term photonics exposure: They were literally listed in CHIPS Act 2 blueprints… with $NOK / $NVDA evaluations right now. And production ramp up in 2027/volume production H1 2028 expected. So you have a company at $1.5B MC: Critical both on the power semis front to the US government. And critical to both photonics front to the EU government. Coming off of a legacy drag cycle with auto and others (similar to Soitec). I think I’d follow EU/US government signals for what’s critical infrastructure given expected dual continent subsidies… Over random media analysts trying to cause unnecessary volatility saying it’s a memestock with no fundamentals.

Appreciate the more neutral coverage by Reuters and Bloomberg on $XFAB today. Although it would be nicer to focus more on the structural thesis presented… Around 800 vdc power semis $NVDA exposure + with ongoing $NVDA / $NOK evaluations for photonics. And around CHIPS Act semiconductor sovereignty as the near term catalyst. Rather than around volatility from novel information synthesis. I spend a lot of time looking at regulatory filings to find compelling things market missed you know…

Bro media… how is $XFAB a meme stock? Can you not repeat the same mistake with $RPI this time? They’re literally getting CHIPS ACT funding from the EU because of how critical they are. And have $NVDA / $NOK evaluating their SiPH side of things, while they traded at a low ~1.28 P/B. This just reminded me of $SOI low p/b but high growth verticals out of legacy segment drag. $XFAB was literally mentioned for CHIPS ACT 2 next week in the blueprints… Which focuses around photonics. The main revenue ramp was around power semis with $NVDA pushing 800 vdc. So $NVTS, $POWI, $WOLF and everyone have been taking off recently. Markets just missed $XFAB, because they’re a lesser known foundry in power semis…But US Dpt. Of commerce pointed them out as the only high volume SiC foundry in the US 2Y ago. I just happened to point out the connections. Just because you don’t understand something, don’t just go call it a “meme stock” with price detached from fundamentals.

Interesting photonics selloff today on no news? $LITE down -4.95% $AAOI down -4.85% $SIVE down -14.8% $SOI down -5.73% $AXTI down -8.13% $IQE down -12.13% I think it’s probably the most compelling theme going forward (even more than power semis). Just tends to be very volatile on the way up. Surprised about $AAOI though given there’s some institutional notes apparently about long term $AMD or $NVDA agreements. (Rosenblatt). Maybe $600m ATM caps some near term upside. $SIVE as well, given EU Chips Act 2 is next week around photonics, and they’re listed on the blueprint. Same with MSCI/NASDAQ omx inflow next week. I’ve been personally adding to positions since I have high conviction in the photonics theme (CPO especially) given TAM expansion overall next 2 years.

$XFAB (photonics + power semis) is an interesting long idea at $1.28B MC, that I took positions in. Given EU CHIPS act 2 is today as the catalyst for European photonics players. > 800 VDC power semi exposure to $NVDA push through $NVTS + $POWI > Silicon Photonics / CPO exposure with $NVDA as evaluation stage for high volume manufacturing (optical transceivers/switches) > The only high-volume SiC foundry in the US. > One of the critical MEMS foundries > ~1.29 P/B, which was around what $SOI was sitting at when I went long. Depressed valuations due to legacy drag > ~6.5-8.5 fwd p/e 2028 personal est. > backstopped by Government: - EU CHIPS act, $128M Euros - US CHIPS act $50M PMT (department of commerce). With likely more coming (just signals critical importance to Western supply chains). So at a certain point with all the grants, they’re just getting the capex funded by the Governments. EU CHIPS act 2 is coming out this week, and I’m gonna go ahead and guess $XFAB might get included given they were before, and this package is specifically targeting photonics. ~$1.3B MC seems compelling to me if it can pull a Soitec reversal (low p/b, very high growth segments, auto legacy drag). As for the $NVDA silicon photonics relationships it’s under “photonixFAB”. Markets probably missed this silicon photonics relationship (like $TSEM when I went long) with Nvidia since XFab leads this… Just under a different name. For power semis, XFAB is named for SiC + $NVTS. In PCN-22181, $POWI explicitly names XFAB as its foundry.  Given its exposure to power semis and photonics as growth, low P/B, gov backstop (of course dyor, just sharing my personal thoughts) Thought it personally seemed compelling.

There’s one very compelling name someone called out. That I ended up taking positions in for power semi exposure. Heavily tied to $NVDA but not directly mentioned like $NVTS. Can anyone guess?

And now… $MU finally hits a $1 Trillion marketcap. I did say this looks like the next $NVDA given how memory demand looks structural with AI. This stock probably made a lot of millionaires going from $80 to $887. https://t.co/5VFdvcuu2c

RT @dannycheng2022: A Concentrated Yet Diversified Portfolio (April 27, 2026) My portfolio is concentrated in a 3 high-conviction AI leaders— 1. $NVDA (average cost $15.2 since January 2023), 2. $PLTR ($8.8 since 2023), and 3. $AMD (since $110 in May 2025). These three names now represent the vast majority (90%) of my holdings through organic growth rather than forced allocation. From the start, my plan was not to chase every hot ticker but to identify the real companies driving the AI super-cycle. I spent years poring over earnings reports, understanding their technology, competitive moats, and long-term trajectories before committing millions to each. While I wasn’t lucky enough to catch the absolute bottom, my research, technical analysis, and conviction positioned me in the right boats at meaningful size—creating life-changing wealth. I bet big on these established AI giants because they offer the optimal balance of explosive growth potential and relative stability. These are the foundational picks powering the entire ecosystem: they have proven business models, massive scale, strong cash flows, and clear paths to sustained dominance. Their size reduces (though doesn’t eliminate) company-specific blow-up risk compared to smaller players. When bears messaged me or challenged my positions, I smiled and kept accumulating—because the stock market rewards those with confidence, patience, and unwavering conviction, not those who second-guess or panic at every dip. At the same time, I maintain a diversified basket of mid-cap and small-cap names. I consciously kept these positions small, treating them more like lottery tickets than core holdings. I fully recognize that some small-caps could deliver 10x or greater returns in this AI boom, but I also deeply understand risk management. Smaller companies are far more volatile, prone to sharp drawdowns, execution risks, and funding challenges. By sizing them modestly, I participate in their upside without jeopardizing the portfolio’s overall stability or sleep-at-night factor. Nobody has a crystal ball—predicting which small names will truly outperform is impossible—so the prudent path is staying in the game with disciplined risk control. Why bet big on big AI stocks and small on small caps? The proven leaders provide the engine for reliable, high-conviction compounding. The smaller names add diversification and asymmetric upside optionality—without ever putting the core portfolio at risk. This structure lets me capture the full spectrum of the AI opportunity while protecting what matters most. Conviction, Discipline, and Staying in the Game—That’s How Real Wealth Is Built. It’s not about having perfect indicators, trading in and out to lose the long-term rally, or simply copying my indicators and blindly following my trades. In the end, everything boils down to patience, hard work, meticulous stock picks, ironclad holding power, and plenty of dry powder. This is the real edge!

Win Semi (3105) is almost never mentioned in photonics analyst reports. But they’ll probably show up as an important bottleneck for scaling lasers next year. Glad to see Shunsin (6451) start picking up steam from my TW longs. Foci (3363), MSSCorp (6830) should start getting some attention too imo after Computex / $NVDA conference next month. Nextronics (8147), I personally kinda expect to 3x down the road.. once disposition is over. 5 of my favorite CPO exposure longs over in Taiwan, especially at current prices.