原文：

原文：
Yep, it’s interesting to witness retail capitulation.

After we got Bloomberg Meta compute article cleared up by their internal memo.

And the 2 reports on delays were denied by Nvidia.

Both of which caused the selloff in the first place...

So Photonics / Nvidia’s roadmap hasn’t fundamentally changed:

$LITE is still completely sold out for the next 2 years and likely into 2029.

$SIVE is about to volume ramp with GlobalFoundries, Jabil, Poet, Ayar, and other hyperscaler suppliers.

$TSM COUPE and their TW suppliers from Shunsin to Foci aren’t randomly disappearing into the void.

$AAOI and their $471m/month h2 2027 revenue projections haven’t changed.

$IQE and their epiwafer contracts with Macom and Tower Semi haven’t disappeared.

$AXTI ownership of 40% of the InP substrate supply chains haven’t suddenly disappeared.

As with any theme from Rocketlab + Space sector 50% drop back in 2025.

Or Nebius + Neocloud 50% drop entering 2026.

Or the Samsung/SK Hynix crash from Iran War LNG/Helium/Oil fears few months ago.

Volatility from indiscriminate thematic selloffs isn’t typically representative of individual company fundamentals.

Retail tends to build conviction over price movements and imaginary charts, then lose that when a stock drops.

And institutions are probably placing limit orders to capitalize on that.

Conviction shouldn’t be tied to the quote of a stock on a certain day, but long term revenue or operating income growth.

翻译：
是的，看到散户的认怂很有趣。

在我们澄清了彭博社关于Meta计算的文章后，他们内部的备忘录也做出了澄清。

而关于延迟的两份报告也被Nvidia否认了。

这两件事原本就是导致抛售的原因……

所以，光子学/英伟达的路线图并没有根本性的变化：

$LITE 在接下来的两年里仍然完全售罄，可能会持续到2029年。

$SIVE 即将与GlobalFoundries、Jabil、Poet、Ayar和其他大型供应商一起扩大生产。

$TSM 的COUPE和他们的台湾供应商从Shunsin到Foci并没有无缘无故地消失。

$AAOI 的每月4.71亿美元的2027年下半年收入预测并没有改变。

$IQE 与Macom和Tower Semi的外延片合同并没有消失。

$AXTI 对InP基板供应链的40%所有权并没有突然消失。

就像火箭实验室+太空行业在2025年下跌50%一样。

或者Nebius+Neocloud在2026年初下跌50%。