$Lumentum(LITE.US) CEO Michael Hurlston at the RAISE Summit warned that the supply gap for InP lasers for AI DCs:Is facing a more severe supply chain crisis than memory. And with Lumentum's 5 InP fabs, shipments would be more than 30%+ below customer demand.This is especially visible with EMLs today but is already expanding to CW, especially as CPO ramps.I've always been a fan of the laser chokepoint + bottleneck from $Applied Optoelectronics(AAOI.US), $SIVE, $Lumentum(LITE.US), and $Coherent Corp.(COHR.US). And glad this thesis is starting to see validation.

Applied Optoelectronics

Lumentum

Coherent Corp.

SIVERS SEMICONDUCTORS AB

AI/Semi Supply Chain Analyst
ex. RISC-V FDN, AI research scientist;