allocations to map more links. Goldman Sachs conference few days ago didn't mention anything either.
Serenity 白毛女-中文翻译（公开）
Serenity 白毛女-中文翻译（公开）
allocations to map more links. Goldman Sachs conference few days ago didn't mention anything either.
But regardless, this is positive for merchant CW laser suppliers in a nuanced way (their 1.6T reduces laser content needed, but they produce more, so creates more overall demand).
And given CW lasers have been very bottlenecked + former merchant suppliers like $COHR were redirecting lasers internally now and turned to a buyer off open markets. So that limits supplier lists.
As for Credo itself, it has its own DSP, silicon photonics PIC, and integration IP, which drives higher margins. And this is very materially positive for the company (but haven't been keeping up to date so no directional opinion here).
But in the end the reason I still like laser companies as it becomes increasingly important + valuable from an IP/acqusition standpoint.
And that laser light sources are being vertically integrated via M&A.
eg. $AVGO / $LITE / $COHR / $AAOI (vertically integrated lasers into their own optical programs)
Innolight/Eoptolink/Credo/Cambridge/Jabil/etc. Buy CW lasers externally for pluggables, and these types would be the type to pull off a M&A.
TLDR:
- supplier research was kinda a nothingburger, but just posting it anyway since I got curious
- $CRDO architecture uses few lasers/module which looks bearish, but nuance is that it increases overall CW laser demand regardless
- Credo is buying external CW lasers for their 1.6T offering, so that's bullish for the remaining small pool of CW merchant laser suppliers (since markets have another buyer)
If you're wondering about markets:
- Very macro focused right now, don't have a clue about market reaction to FED decision tomorrow, we'll see.
翻译：
$CRDO 今日宣布其新款 1.6T 光收发模块。以下是一些想法 / Dustphotonics 相关内容：
显然 Credo 和高贝塔公司明天将因加息和宏观担忧被打压。
再加上从八月到九月这些公司的空头持仓大幅上升。因此整体市场反应相当平淡。
但我出于好奇，调查了他们对 DustPhotonics
But regardless, this is positive for merchant CW laser suppliers in a nuanced way (their 1.6T reduces laser content needed, but they produce more, so creates more overall demand).
And given CW lasers have been very bottlenecked + former merchant suppliers like $COHR were redirecting lasers internally now and turned to a buyer off open markets. So that limits supplier lists.
As for Credo itself, it has its own DSP, silicon photonics PIC, and integration IP, which drives higher margins. And this is very materially positive for the company (but haven't been keeping up to date so no directional opinion here).
But in the end the reason I still like laser companies as it becomes increasingly important + valuable from an IP/acqusition standpoint.
And that laser light sources are being vertically integrated via M&A.
eg. $AVGO / $LITE / $COHR / $AAOI (vertically integrated lasers into their own optical programs)
Innolight/Eoptolink/Credo/Cambridge/Jabil/etc. Buy CW lasers externally for pluggables, and these types would be the type to pull off a M&A.
TLDR:
- supplier research was kinda a nothingburger, but just posting it anyway since I got curious
- $CRDO architecture uses few lasers/module which looks bearish, but nuance is that it increases overall CW laser demand regardless
- Credo is buying external CW lasers for their 1.6T offering, so that's bullish for the remaining small pool of CW merchant laser suppliers (since markets have another buyer)
If you're wondering about markets:
- Very macro focused right now, don't have a clue about market reaction to FED decision tomorrow, we'll see.
翻译：
$CRDO 今日宣布其新款 1.6T 光收发模块。以下是一些想法 / Dustphotonics 相关内容：
显然 Credo 和高贝塔公司明天将因加息和宏观担忧被打压。
再加上从八月到九月这些公司的空头持仓大幅上升。因此整体市场反应相当平淡。
但我出于好奇，调查了他们对 DustPhotonics
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