The Architect

$EWY since OCTOBER $AEHR since sub $40 $AXTI since sub $40 $BE since $35 $MU going $630, since $320. $GLW SINCE WHEN? $SIVE SINCE $1.30 + many more and more to come

$SPY : DEAL OR NO DEAL EDITION 5/26/26 levels: $SPY 13% & 7% odds are to +$11 ⬆️ $SPY downside 6% odds is $7 ⬇️ So.. if there is a deal, MM is hedged. D spot delta diff both sides (this drives skew) Check call premiums, put premium & skew. 🔁 & ♥️ I’ll post more

If y’all wanted a fair whistle Castle would’ve fouled out by now lol

Photonics is not new. Fiber optic cable has crossed oceans since the 1980s. The alpha was a physics calculation made years before this chart went vertical. Copper degrades beyond 2 meters at 200G+ SerDes speeds. At 100K+ GPU cluster scale, NVIDIA modeled optical transceiver power consumption at 10 to 20x traditional cloud data centers. The industry's own operating philosophy was "copper if you can, optics if you must." That "must" moment was always coming. Clusters were going to get large enough to make it physics, not preference. Once they did, the entire supply chain from InP substrates to silicon photonic foundries had years of underinvestment priced in. The chart shows photonics vocabulary in earnings calls across NVIDIA, Coherent, Lumentum, Broadcom and six others going back to 2012. Flat for a decade. Then vertical. The alpha was reading the physics before the rest of the market did. $AAOI $COHR $LITE $AXTI $SLOIF

THE PHOTONICS LAYER OF THE AI BUILDOUT Goldman Sachs says the AI optical networking market growing nearly 10x to $150B+ by 2028 as clusters scale into multi-rack systems like $NVDA Rubin Ultra NVL576. The AI bottleneck is shifting to the fabric that lets hundreds of GPUs behave like one system driving a massive dollar content expansion across NVLink, co-packaged optics & optical interconnects: • $AEHR burn-in & reliability test systems for photonics and AI hardware • $AAOI data center optical transceivers with in-house laser manufacturing • $LITE high-speed lasers & optical components for data center transceivers • $VIAV optical testing & measurement tools used to validate high-speed networks • $COHR lasers, photonic components & materials used across optical networking systems • $MRVL optical DSPs, custom interconnect silicon & networking chips for AI infrastructure • $CRDO retimers, DSPs & active electrical cables for rack-level signal integrity in AI clusters

$VIX + $VIX PIVOT! 🧵/4

Indices Plan 5/21/26: $SPY $QQQ $IWM $VIX PIVOT! 🧵/1 $SPY$