jp-insights

Data center orders exploding and a grid-to-chip AI platform make this a real challenger on the same ground.

The company that turns a field of GPUs into a working AI factory is already minting margin and cash, and it compounds for years.

Powell gives the same data center and grid bottleneck exposure at a cheaper, cleaner multiple than Forgent

Eaton rides the same physical AI-power chain from grid to rack as a held core position

IQE owns qualified InP epitaxy on the AI optics critical path, but its own numbers have not turned yet

AXT sits on the tightest layer of the InP chain, backlog over $100m and doubling capacity twice

Aixtron order intake up 30% on laser datacom; equipment cycle turning for InP capacity buildout

Coherent doubling InP output ahead of plan, datacomm revenue up 40%, integrating the bottleneck in-house

Structural EML laser shortage hands merchant suppliers sold-out books and pricing power, re-rating Lumentum.