convequity

STMicro becomes a permanent PAT and power-management play, a socket photonic integration cannot displace

Lumentum is optionality, supplies the structurally protected EML but mostly shifted volume

Cheap space solar reinforces structural US gas long via Starship methane demand

Semiconductors are the binding constraint, so Broadcom is a likely SpaceX foundry/SerDes partner and winner

SpaceX is mispriced as launch/broadband, real value is lowest-cost orbital AI infrastructure

If China is the irreplaceable maker of high-efficiency solar, demand routes to its largest listed module maker.

Hyperscaler AI valuations sit in fair value with no bubble signal, room to re-rate as returns hold

Falling token costs turn AI into the growth lever for moated vertical SaaS; Veeva's life-sciences workflows convert it to margin.

A record AI IPO wave drains liquidity from the priciest public AI proxy; PLTR's extreme multiple compresses.

POET's wafer-scale optical interposer plus Lumilens orders give 5-10x venture upside on a $2.5B cap

Broadcom's vertically integrated CPO stack is furthest ahead and already in mass production at Meta

POET-QUBT 3.2T collaboration uses thin-film lithium niobate, positioning years ahead

Lumentum is the dominant AI laser supplier and a broad vertically integrated bet on optical demand

ASM owns the ALD bottleneck as chip scaling shifts to materials precision, compounding for years

Robotics and automation open a new demand cycle for power and analog chips, lifting the makers most levered to it.

MEMS timing displaces quartz inside advanced AI packages, and the pure-play MEMS leader captures that spend.

NVDA's TAM is being attacked at the high-margin training core as ASICs prove they can train

AMZN is compounding a strategic error by going cheap and in-house on Trainium

Memory vendors hold ~80% gross margins as a single Vera Rubin rack consumes staggering HBM/DRAM/NAND

InP substrate is the gated node of the AI optical buildout, and the scarce supplier gains pricing power.