Danil Sereda

$SIVE is now aiming to become the next $LITE, a US photonics giant. They're re-centering their board around US executives + US photonics. So the core board are now: US $GFS Executives and $CITI Executives, with the company run by UC Berkeley grads and $LITE executives. The 3 members leaving were local Swedish/EU. This is just a shift in strategy from focusing on developing local Swedish Semi environments: To dominating the US/global photonics market. I'm not trying to discredit their service/background. But in my view to focus around US/global photonics markets, it's likely optimal to have more US executives. But they should all be proud for helping make $SIVE what it is today.

Rotation is coming... BOOKMARK IT!

We visited $POET's HQ building in Toronto. We found abandoned rooms and none of the tenants on the same floor recognized POET.

The AI networking market is expected to grow from $11B in 2025 to $154B in 2028, per Goldman Sachs. • Copper based: $8B → $34B • Optics based: $3B → $120B

$SIVE 2025 annual report analysis. TLDR: Extremely Bullish. Sivers main growth vector is CPO, but they've TAM expansioned to pluggable transcivers + multiple new qualifications/development. 1. "We are currently seeing great interest... testing our DFB lasers across multiple manufacturers in pluggable transceivers" For pluggable angle, we've seen this with $JBL 1.6T LRO already, but annual report hinted they're developing/qualifying with more hyperscaler suppliers. "Our serviceable markets have now been expanded to include pluggable optical interconnects as well as scale-up and scale-out architectures for co-packaged" (TAM expansion) 2. "Discussions with hyperscalers and pluggable transceiver suppliers indicate a shortage of CW lasers in the coming years" $LITE already signaled CW laser bottlenecks, and they had to buy externally from competitors. So we kinda guessed CW Laser was a bottleneck. And this confirmed it, so was wondering about Win semi. "The partnership announced with high-volume supplier Win Semiconductor in March 2025 now gives us a strong position to meet growing demand" $SIVE likely has capacity locked in with Win from this nuance, which is exactly what I wanted to know. This positions Sivers in the CW laser as both a bottleneck and CPO laser architectural leader. VOLUME PRODUCTION H2 INDICATIONS (BULLISH): 3. "The collaboration positions both companies to address the rapidly growing market for optical AI connectivity, with prototypes to be demonstrated to customers during the first half of 2026 and with the goal of scaling up production by the end of 2026" H1 is more preproduction, H2 production signaled starting with names like $POET. 4. "We are pleased that our largest LIDAR customer will increase production starting in the fourth quarter of 2026" $AEVA start of volume production Q4 with $SIVE = bullish for both. Revenue floor from LIDAR as their CPO scales. 5. Sivers announced a partnership with LIGHTIUM AG to integrate their CW lasers directly onto TFLN wafers. 3.2T+ cycle. (future proofing) FYI no decent investor cares about last year's 2025 financials from development contracts aside from Swedish Media/Locals. Especially when you're forward looking for the 2027-2028 CPO supercycle. But the hint from you can take away from financials + geography that is $NOK is now the high confidence customer of $SIVE. TLDR: -> Win Semi implied capacity lock in during CW laser bottleneck -> Hints of new group of hyperscaler suppliers testing/qualification for pluggable transcivers, which is massive TAM expansion. -> New customers for CW lasers -> Volume production scaling starting H2 for both photonics and lidar.

Can anyone explain how to value $SIVE $SIVEF? Without using: - it will brr brr - bottlenecks - the demand is outpacing supply - asymmetric opportunity I know a lot of folks in this sector never talk about income, as that's secondary, but I think eventually they'll have to justify the price we're paying today. I hope? Please explain, how come their report is bullish? I suppose we're talking about next 5y bullish? When these promises will materialize? Is there a guidance we can use to do a napkin math? What I found is this: "Management expects cash flow breakeven at annual revenues of approximately $50–55 million with ~65% product mix, targeted within approximately 2 years. Current revenue is ~$28–29M, so they're roughly halfway there." How do I know if I'm paying too much today? How do I know how much they can still grow? Genuinely interested to know what am I buying at the current price? Everyone is saying it's such a wonderful opportunity. I hope someone can educate me. No ragebait, honest question. I'd ask my friend (screenshot) but he blocked me because I asked a question he didn't like. That's it.