Bästinväst

$SIVE is going to fly. The current valuation kinda makes sense to me, as it has run 100% in the last month. I’m not selling a single share though. I’ll keep buying slowly through until the end of the year. Dips will come. War isn’t over, and we all know the Trump administration can swing markets overnight. The real story is the photonics buildout for AI exploding through 2026-2027. Co-Packaged Optics (CPO) is the massive catalyst, and $SIVE is right in the middle of it: - Amazon Trainium - Microsoft Maia (via Ayar Labs) - Celestial AI’s photonic projects (now under Marvell, powered by POET Technologies) - Jabil This positions $SIVE for extreme growth. On top of that, there’s major upside in telecom, SATCOM, and LiDAR - feeding into the robotics boom that’s just getting started. It’s really one of the most asymmetric setups in the entire photonics space right now. There are real risks with execution, valuation and dilution. Their financial balance sheet needs to improve (normal for a company that is getting started here with photonics buildout). So it does make this stock a lot more volatile compared to other big-caps like $COHR. I still clearly see a 5x opportunity from here, easily. Maybe even 10x, depending on execution - in the next 2-3 years. Not financial advice - just my view. DYOR.

@vancegson I’ve talked to management US listing is planned on $SIVE

HUGE! $SIVE management says US listing is planned. 😍

@aleabitoreddit @vancegson Anyway to show source of your talks? Because this is news that drives the stock and must be communicated by the company I’m afraid. Thanks for the info 🫱🏻‍🫲🏼

I actually thought $SIVE should be trading at $2B+ MC today (from ~$520m) if they were listed as a US company. Not later this year. Since I’m not sure how: - $LWLG trades at 3.5x+ the valuation - packaging companies that buy their lasers trade at 5-6x their valuation. - laser companies from $MTSI to $LITE have premiums trading in the tens of billions. And Sivers are in hyperscaler supply chains through $MRVL, $JBL, O-Net, and others rather than being dependent on one customer. There’s not very many publicly listed AI DC laser companies in the world either. So either it’s a highly sought after acquisition target for $AVGO or $MRVL that want to vertically integrate upstream. Or they can pull a $LITE that went from $17->$800 and downstream TAM expansion the ELS/optical transceiver stack through IP acquisitions. Depends how ambitious the company is of course but i just don’t think anyone noticed this laser supplier in Sweden since my thesis post. Just might require a little patience for the US listing and I’m almost certain US institutions are interested like they were with $IQE. DD periods usually last a few weeks after they read my thesis but I see a clear path to $10B+ MC from here over the next few years.

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…⁠

The $SIVE CEO is trying to tell you: "On the CPO side, even though we started with alot of innovative young companies like - AYAR LABS, O-NET POET and others... since then, we have now seen big household name brands coming in for discussions with us..." - CEO, Vikram Vathulya

@anton_berg What is this sorcery!

Ni vet att det är dags igen - och hur man gör för att öppna rätt?

One of the most overlooked assets in the Sivers / $SIVE story is not a customer, partnership, or product launch. It is the company’s 100mm InP fab in Glasgow 🏭 Sivers owns and operates one of the few independent III-V photonic foundries with both advanced development capability and meaningful production capacity. This is not just an R&D line, but a qualified InP100 manufacturing platform with end-to-end capabilities — from epitaxy design and wafer processing to automated testing and qualification. The platform includes: 
• Up to 5,000 wafer starts per year 
• Automated test capacity of more than 2 million lasers per month 
• ~$17M capex to expand toward ~$150M annual revenue capacity What makes this especially interesting is the etched-facet process with on-wafer optical coatings and testing. Rather than relying on slower, less efficient post-cleave workflows, Sivers can process, coat, and test on the full wafer before dicing — improving yield, cost, cycle time, and precision. Strategically, that matters. The in-house fab gives Sivers control over development, prototyping, qualification, and early-to-mid volume manufacturing, while partners like WIN Semiconductors provide a path to ultra-high-volume scale when needed. That combination supports the company’s shift from 1-to-1 to one-to-many: design once, qualify once, and sell repeatedly with known specs, shorter lead times, and better operating leverage. In an industry where many photonics players are fabless, owning this specialized manufacturing capability is a quiet but powerful advantage. Underrated foundation for $SIVE. Is the owned InP fab one of the most overlooked strengths in the Sivers thesis? $SIVE #SiversSemiconductors #Photonics #InP100 #SiliconPhotonics #Manufacturing #AI #LiDAR

The semiconductor market could double by 2030 More charts: a16z.news/p/charts-of-th…

Sivers Semiconductors(SIVE)의 핵심 파트너십과 기술적 위상. 1. AI 데이터센터의 '빛'을 만드는 심장, SIVE 엔비디아와 테슬라가 주도하는 AI 시대의 최대 병목은 전력 소모와 데이터 전송 속도입니다. Sivers는 이를 해결할 실리콘 포토닉스(SiPh)와 CPO(광전환 통합 패키징) 공정의 핵심인 인듐인듐(InP) 레이저 광원을 공급합니다. 단순히 부품을 만드는 수준을 넘어, 전기 신호를 빛으로 바꾸는 차세대 컴퓨팅 아키텍처의 필수 인프라를 독점적으로 구축하고 있습니다. 2. 글로벌 AI 리더들이 선택한 기술 동맹 Sivers의 레이저 기술은 이미 업계 거물들과 깊숙이 연결되어 있습니다. 광학 I/O의 선두주자 Ayar Labs를 필두로, 실리콘 포토닉스 플랫폼의 POET, 반도체 거인 Marvell, 그리고 4D LiDAR의 Aeva와 바이오 센싱 분야까지 그 영역을 확장 중입니다.

$AMD CEO: “We will need to add 100x more compute in the next 4-5 years.” McKinsey predicts that semiconductor market will double to $1.6 trillion by 2030. Lisa Su guides for 35% annual revenue growth for $AMD by 2030. $AMD is the most compelling opportunity in the chip space.

This is really cool! $SIVE @ParadisLabs Shared with me this morning that Sivers shared my deep dive report on their LinkedIn account So cool to see the recognition! If you want to read it yourself, check it out here: cruxcapitalgroup.substack.com/p/sive-deep-di…

For anyone interested. I wrote a short piece on why the wireless business of $SIVE is also worth caring about. Sivers is photonics super-cycle + Aerospace/Satcom/5G in one package.

Base scenario (floor per mgmt slides): $100M rev in ~4 yrs at 10x EV/Sales (low-end execution zone) = $1B implied MCAP, ~2.6x upside from $380M. Optimistic: $160M rev (high-single-digit ~8% share of $2B+ SAM) at 25x EV/Sales (mid-high peers like Broadcom/AMD in zone) = $4B implied MCAP, ~10.5x upside. Assumes successful execution on pipeline/margins as outlined.

1/2 “Educating = pumping” is one of the laziest takes in small caps. This is literally from $SIVE management, not X (approx 3-6 months old information). The math isn’t complex: Revenue × EV/Sales = Market cap Mgmt is pointing to ~$100M+ revenue and peer multiples of 10–20x.

Another article supporting the InP Light Sources story for $SIVE $LITE $COHR.. "All AI Data Center Interconnects Will Be Optical Within 5 Years" semiengineering.com/all-ai-data-ce…

The shift that can change everything for Sivers - From custom projects to scalable products ⏳ Sivers Semiconductors / $SIVE is making an important shift — from building 1-to-1 custom solutions to launching standard products that can be sold across multiple customers and markets. That changes everything. In the old model, each new customer often meant a new design cycle, more customization, and a longer path to revenue. In the new model, Sivers can build once — and sell many times. That means: 
• Shorter customer development cycles
• Faster evaluation and design-ins
• Lower integration complexity
• Broader market reach
• Better scalability as volumes grow And based on the company’s own pipeline illustration, standard products can reduce time to production by roughly 40% versus custom products. You can already see this transition across the portfolio. In Wireless, Sivers has moved beyond standalone beamforming chips into more complete antenna modules, panels, and evaluation platforms. These products are used in 5G infrastructure, fixed wireless access, and high-frequency links, where customers need fast, high-capacity wireless performance. At MWC 2025, the company described this as a move from advanced chips to complete antenna array solutions — helping customers innovate faster and accelerate time-to-market. In SATCOM, that strategy is becoming even clearer. In February 2026, Sivers announced general availability of its Cloudchaser beamforming chipset and Maverick antenna panels for Ka-band ground terminals — products designed for electronically steered satellite terminals that support simultaneous multi-orbit links and make-before-break handovers, while simplifying development and speeding customer adoption. In Photonics, the same pattern is emerging. The Sivers InP100 platform is a standardized design and manufacturing platform for lasers and gain chips, with the company highlighting standard products and offering datasheets, samples, and lead times. These devices are used in optical transceivers, AI/data center links, and high-speed communications, where scalable, high-performance laser sources are critical. Sivers also says the platform supports scalable manufacturing and reduced time-to-market. This is the key point: Before: 1 customer = 1 development cycle
Now: 1 product = many customer opportunities That is how semiconductor companies create real scale. This is more than a portfolio update.
It’s a business model upgrade. When a semiconductor company moves from bespoke development to repeatable standard products, it can shorten sales cycles, scale engineering output, and create a stronger path to operating leverage. That’s why Sivers’ standard-product push in 5G, SATCOM, and lasers could become one of the market’s most underappreciated value drivers. From 1-to-1… to one-to-many. That’s how real scaling begins. #SIVE #SIVEF #WIRELESS #SATCOM #PHOTONICS #STANDARD

Sivers $SIVE - Le retour Comme ses consorts en photonique, elle repasse au dessus du seuil de 1e Sivers c'est : Le socle de la chaîne de Marvel Technology (infrastructure data) dans laquelle NVIDIA à investit 2md Un partenaire de Jabil qui récolte 30md de revenus des hyperscalers comme $AMZN, et $GOOG Et tout ça a une valorisation de 350M.

A slide from $SIVE earnings call. Potential multiple expansion on successfull execution (we are mid single digits today). Comparing to industry leaders like $LITE, $AVGO. Not bad stocks to be bunched with!