Interesting photonics selloff today on no news?
AAOI down -4.85% SOI down -5.73% IQE down -12.13%
I think it’s probably the most compelling theme going forward (even more than power semis).
Just tends to be very volatile on the way up.
Surprised about AMD or 600m ATM caps some near term upside.
$SIVE as well, given EU Chips Act 2 is next week around photonics, and they’re listed on the blueprint. Same with MSCI/NASDAQ omx inflow next week.
I’ve been personally adding to positions since I have high conviction in the photonics theme (CPO especially) given TAM expansion overall next 2 years.