Anders Storm

Let's dig deeper in the photonics AI landscape. What is InP? The real bottleneck in AI isn’t compute anymore, it’s InP lasers! At the center of that shift sits one material most investors still have not heard about: However $SIVE $LITE $COHR is in the middle of it. Indium Phosphide (InP) → Enables 800G, 1.6T, 3.2T optical links → Critical for co-packaged optics (CPO) → Already a supply bottleneck across the industry NVIDIA just validated this with multi-$B investments into optical supply chains. This is not optional infrastructure. It’s the next scaling limit. Hennce I wrote a deep dive on: • Why InP is important • Why silicon photonics depends on it • Who actually wins (LITE, COHR, Sivers) Full post below andersstorm.substack.com/p/why-indium-p…⁠

@OrignalPrepuce @Illskan 🙏

@Illskan @StormDirac They are executing and have so much room for growth, that’s why everyone is excited. That’s why it is trading so high. Some profiles are risk averse, others are risk hungry. Sorry for jantelagen

$SIVE closed early for holiday at SEK 38,0 - 13.00 today CET. US $SIVEF closed at $4.78 = SEK 44,1 that is a difference of 16% SIVE will be closed tomorrow as well.

@OrignalPrepuce yes should open 15-ish min

@StormDirac Is $SIVEF trading today in the US ? 📈📈📈📈📈🚀🚀🚀🚀🚀

As for 3x brrrs these levels: 1. $SIVE 2. MSSCORP (6830) 3. Auros (322310) Are my best guesses. Here's my thought process: 1. $SIVE: I genuinely do see them being $10B+ next year, they're the literal bleeding edge for CPO lasers alongside $LITE and $COHR. At a $1.3B MC... For likely mapping: Photonics: $AMD CPO, $MRVL Celestial CPO, $JBL 1.6T, Lightmatter, Ayar, ALChip, GUC, O-Net (ELS), $POET. For Space + Defense: Golden Dome via $YSS, $RTX / $ERIC / Bae Systems. Silicon Photonics: $AAPL (Apple Watches). This is just a stupid amount of customers and it's still increasing. They can always TAM expansion downstream through IP acquisitions or vertically integrate to speedrun $LITE's $60B MC one day once they get more funding. 2. MSSCORP (6830): CPO monopoly over inspection at ~$1.2B. 100% monopoly over CPO yields, $TSM, $AMAT, $NVDA, $LCRX, $INTC, and others are all likely customers. "The company’s goal is to seize a 90 percent share of the CPO inspection market" This basically means 100%, they just don't want antitrust. If they defend their monopoly and CPO ramps, can easily see this worth ~$5B-$9B from $1.2B 3. Auros (322310): Samsung / SK Hynix supplier at ~$210M for Hybrid Bonding Metrology. Basically pure play on two products: -> HBM4 / HBM4e / HBM5 cycles, that $KLA had a monoply over for IR metrology. ---> Getting qualified now likely in Samsung factories, H2 volume ramp est. Sk Hynix likely qualifying too when they upgrade to hybrid bonding. -> Thin-film thickness measurement. ---> Getting qualified now, with "major domestic chipmaker" (either Samsung/Sk hynix), targets mass supply this year. They've been developing for the past decade, only to volume ramp two products from years of qualification H2 this year. Seems extremely likely to 3x to $630M if they switch to volume ramp, feels like an undiscovered gem in the Korean market? Of course, not sure how they play out and this is all speculative but high confidence supply chain mapping. But off the top of my head these three that I own are the most likely ones at this level.

@Spunkybunny520 As far as I know, however WIN Semiconductors in Taiwan would the be blocked in that case? Don't know the legals..

@StormDirac Thanks. Ok, that is ok. So they don’t have chokepoint risk if AXTI all the suddent lost the export controls permit from China. Then it is a big trouble.

$AXTI: Why is this almost unknown materials company up +5,500% in one year and still barely owned in Sweden during the last year. Learn more about it in my latest substack:⤵️ open.substack.com/pub/andersstor…

@Spunkybunny520 As far as I know and my data is about 2 years old. They source via IQE for Glasgow fab. WIN I don't know.

@StormDirac Does $SIVE source InP from then as well? I remember somewhere I read the source from Japan and Taiwan l.

@YuopYuopyep Grattis!

@StormDirac Inte okänd för oss som följer rätt personer på X :)

@ZeDude1510 @PerDahlstrm @Illskan 💯

@StormDirac @PerDahlstrm @Illskan It seems those who sold early — or never even joined the wagon — love to throw shade at those who remained invested. Human nature, I guess …

@Futurfornow @Illskan @CryptoHafuya 🤔

@StormDirac @Illskan @CryptoHafuya Observing these patterns, one cannot help but question the underlying motivatio. The timing and coordination of multiple articles, often appearing simultaneously in financial publications during periods of market pressure, invite speculation about potential conflicts of interest.

@Futurfornow @Illskan @CryptoHafuya 💯

@StormDirac @Illskan @CryptoHafuya Their work reflects a striking lack of thorough research so much so that it raises serious concerns about competence and professional standards. The repeated publication of such poorly substantiated narratives not only undermines their credibility but also exposes them.

@Balansbanken @Illskan Let's bookmark and see you here in 2030...

@StormDirac @Illskan ja. tror du majoriteten av folket som läser dina och andra bulls inlägg har någon aning om bolaget? Sivers har ballat ur bara pågrund av us retails.

@PerDahlstrm @theincomewheel 🙏

@theincomewheel @StormDirac Anders has shared his story about Sivers on his Substack. Several very appreciated deep dives. He is also the one behind all the customers we see today. @andersstorm/note/p-192497494?r=4nodnv&utm_medium=ios&utm_source=notes-share-action" target="_blank" rel="nofollow noopener">substack.com/@andersstorm/n…

$SIVE still can’t believe people said this wasn’t going to see past $30 I still think we can get to $50+ this year

@Qlarividencia @Balansbanken @Illskan @CryptoHafuya yes

@Balansbanken @StormDirac @Illskan @CryptoHafuya By the way, did you notice that $SIVE's customer, Allspace, is being acquired by $YSS as they position themselves for Golden Dome?

@Balansbanken @Illskan Men kom igen 🤔 ..Vad kallar du detta i då fall? Detta kom så fort kursen rörde på sig till 10kr. Tycker du att det är underbyggt? Har de gjort någon research?

@StormDirac @Illskan Du höll på lika mycket när du var vd. Riktigt suspekt beteende

Okay, but "thier flags" was raised already at much lower share price (11-14 sek now 38 sek)? Below DI from 21-25 March? EFN 28 mars (succés.. with share down below 10 sek with this one). Is this good you mean? To me it seems like a full on attack by the shorting community? am I the bad guy here, I am trying to educate. Why attack me? Don't understand this at all. If you trade in SIVE which implies you might be in the short community rather and be in bed with this rather than neutral. If you were neutral you would be shocked by these headlines and not case me as a bad guy. My big question remains, has anyone in media done any research? If not then I think it time..

@StormDirac @CryptoHafuya Since I got in early, my gains are already significant compared to those buying at today’s levels. Of course it would be great if everyone wins—but not raising a caution flag after such a rapid price move would be strange. This is about common sense, not “Swedish mentality.”

So why are you caring more for those that can be burnt, than the possible opportunity to make them winners? Does that make you better person? Or is this just classic Swedish mentality? Talking about a positive outcome in Sweden is "Pumping" and negative is "caring". I am genuinely interested in what you think? Since that can explain the media view as well.

@CryptoHafuya @StormDirac Haha, nope. No — I discovered Sivers when it was trading around 7 SEK and have been trading it since. I’m happy for the opportunity it’s given, but I think a lot of people could get badly burned in this stock.

Absolut, inget är klart tills det är klart. Börsen har alltid titta framåt. Och just nu är bolaget i en fas där marknaden värderar upp alla dessa möjligheter (även för alla andra bolag inom framför allt AI Photonics) och ser en ramp komma inom många områden. Tex nedan som delades nyligen. Som jag ser det är det så börsen fungerar du bettar innan och har rätt eller fel och vinner eller förlorar. Väntar du på att alla orders är inne så missar man tåget. Det är så det fungerar, det jag gör är att visa vad som är möjligheterna och risker med dessa. Tex Chip qualification och yiled frågor som är en stor risk. Men med stor risk kan stor regarded eller loss komma. Man får göra sin egen analys. Men att klaga utan analys det tycker jag inte riktigt håller.

@StormDirac Alltid kul när svensk teknik lyckas, problemet är väl bara att de inte lyckats fullt ut ännu utan har höga omkostnader, sammarbetet med jabil är ju just väl ett sammarbete i startfas? inga garanterade volymer? inget kontrakt med fast intäkt? ingen bekräftad kund i slutändan?

Yes, I am just hoping that someone serious also in Sweden would take a real look to understand more, not just look at the surface, the Norwegian tech fund did obviously and came to thier conclusion. I would at least put some time into understand, could I have missed something? Who would benefit from these $1 trillion? Why have stocks in US that are downstream in the same $1 trillion market, been going up 500-1600% over the last year, before $SIVE was rediscovered (was it discovered because of that or is it a Gamestop?). I am not even saying they are wrong, just that maybe they should take a look. Can LiDAR, AI Photonics, SATCOM, 5G/6G and DoD have potential in 2030 accumulat for example $400m in sales or not? Is that viable? Can the company deliver? Why are SIVE fabless, will partners like GlobalFoundries and WIN Semiconductors be able to deliver? Is that like drop shipping? Our would it requires much more resources or can a +130 (200 maybe in 4 years) company do that? Look at the fact instead of trying to chase head-lines. Is this a Swedish gem or something else? I would at least do the research 🤔. Start looking bottoms up..for example 5000 SATCOM terminals in 2030 (is that possible?) x 1800 chip x chip price...could that be +$50m per year? Could the CPO and Pluggables market in 2030 with a projected +$70B TAM on component level down stream generate $200-250m in sales for InP lasers? Is that possible or not? Do the research and comeback with a bear and a bull case. I don't know what it will be in the end, but I think with secured customers like Jabil, Ayar labs, AllSpace (now aquired by York $YSS), Ericsson (6G), Raytheon (DoD), Lidar ramping with mgmt estimate up to $138m in sales over 8 years. Sum it all up and see if it's possible? Which are the big risk still? Maybe chip qualification and yield (gross margins?), do the work be honest. 🤞. Good speed!

@StormDirac It’s sad and make you wonder what the real agenda is.

"Teknikjättarnas AI-investeringar spås nå 1.000 miljarder dollar nästa år" Translation: "Tech giants' AI investments projected to reach $1 trillion next year" This is Swedish no.1. finance newspaper, that at the same time have been warning us all in 9 out of 10 headlines, to stay away from one of the few down streaming AI Stocks we have in 🇸🇪. Interesting dynamics ❤️. di.se/live/teknikjat…

@dpinsen @aleabitoreddit Can't comment on SIVE specifically, however any serious mgmt is always focused on building the business for success. Then, sometimes that leads M&A, however that shall never be the focus.

@StormDirac @aleabitoreddit Do you think current management will look to be acquired or stay independent?

Fun fact: don’t think any large US institution had positions in $SIVE / $SIVEF since it was a majority owned local Swedish retail stock. There’s also fund mandates preventing US funds from entering (eg. Nasdaq listing / $1B MC) That’s definitely changed now thanks to European media shaking out the local holders, Sivers upcoming NASDAQ listing, and hitting $1B+ MC. Again $1.3B is literal spare change for hyperscalers and US institutions. And I have high confidence many would want exposure to CPO, silicon photonics and lasers, since there’s only a few in the entire world like $LITE, $COHR, and $MTSI. Especially… a CHIPS Act laser supplier likely in $AMD, $MRVL, $AAPL, Lightmatter, Ayar, AlChip, GUC, O-Net and other supply chains like the Golden Dome. Part of it is game theory for share accumulation. Since US/Western retail now owns a large part of the float (off of the Swedish sellers). And US institutions now want exposure.