AI data centers are pushing optical connectivity away from the front panel and closer to GPUs and switch ASICs. NPO, CPO, and 1.6T pluggable optics may coexist for years, but the shift is already redistributing value across silicon photonics, lasers, optical engines, testing, and the broader optical module supply chain.
Industry TrendsCOHRLITETSEMAEHRMTSIAAOI
Industry TrendsNPOCPOAI OpticsOptical InterconnectsAI Scale-UpSilicon Photonics1.6T Optical TransceiversOptical Module Supply ChainCoherentLumentumMACOMSoitecTower SemiconductorAehr Test SystemsAAOIAI Data CentersPhotonics-SOI
Broadcom’s custom accelerators are moving into gigawatt-scale deployments. The bigger investment question is what happens to the AI infrastructure value pool when compute is no longer built around GPUs alone.
Industry TrendsAVGONVDAMRVLGOOGLMETA
Industry TrendsBroadcomAVGOCustom AI ChipsCustom AcceleratorsAI ASICGoogle TPUOpenAIMeta MTIAAnthropicNvidiaNVDAHBMHBM3EHBM4AI NetworkingOptical InterconnectEMLCW LaserInPCPOMarvellMRVLAI InfrastructureAI Factory
Memory stocks have bounced from the selloff and settled into a range. The next move may depend less on another headline that AI demand is strong, and more on whether the market can push its earnings assumptions several years further out.
Industry TrendsMUSNDK005930.KSSKHYNVDA
Industry TrendsHBMHBM4HBM4EDRAMNANDAI MemoryMemory StocksSK HynixSamsung ElectronicsMicron TechnologySandiskCXMTHBM ShortageEnterprise SSD
NVIDIA's support for open-weight AI is best understood as an infrastructure strategy. If models become easier to access, the scarce profit pools may move toward compute, data and applications.
Industry TrendsNVDAMSFTMETAAMZNGOOGLBABA
Industry TrendsNVIDIA open AI modelsOpen weight AI modelsAI business modelAI InfrastructureOpenAIMeta LlamaCloud Computing
CXMT has proven it can manufacture mainstream DRAM at scale and enter China’s server supply chain. What remains unproven is whether it can match Samsung, Micron and SK hynix on yield, cost per bit and profitability through a full memory cycle.
Industry Trends688825.SS005930.KSMUSKHYSNDKWDC
Industry TrendsCXMTDRAMDDR5LPDDRHBMChina SemiconductorsSamsung ElectronicsMicron TechnologySK HynixSanDiskWestern Digital
SK Hynix’s Nasdaq debut ends Micron’s trading scarcity. The harder question is which company can preserve pricing power when new memory supply arrives in 2028.
Industry TrendsSKHYMU
Industry TrendsSK HynixMicronHBMMemorySemiconductorsAI InfrastructureNasdaqCHIPS ActSupply ChainMemory Cycle
AI infrastructure spending is still expanding, but the semiconductor equity trade is becoming more fragile. The next phase depends on CapEx, supply bottlenecks, usage, pricing, and earnings revisions.
Industry TrendsNVDATSMMUAVGOAMDMSFTAMZNGOOGLMETA
Industry TrendsAI InfrastructureAI CapexSemiconductorsData CenterCloud ComputingNVIDIATSMCHBMAdvanced PackagingMicrosoftAmazonAlphabetOpenRouterMorgan Stanley
