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…⁠

@EUlmsten make sense

Answer from Claude Pro : You can't deduct a precise Monday open from a 30% OTC move on a Swedish holiday. The OTC market is the tail, not the dog. But it's a signal worth investigating — if there's real news behind it, Stockholm typically opens up materially (often 10–20% on genuine catalysts) but rarely matches a 30% OTC move 1:1.

This is interesting. I know too little about OTC. However a gap of ~30% now. I wounder what that might mean for the opening Monday? Anyone fintwitt that has this experience?

@AtlasShrug1 Thanks John, then the shorters might have a stressed weekend. Have a great one John!

@StormDirac It’s pretty obvious that it means the stock in local currency will likely gap up to whatever level SIVEF is trading at on Monday. Arbitrage situations can’t persist.

@AtlasShrug1 👍

@EUlmsten yes, due to holidays in Sweden

@StormDirac Is the gap you referring to price difference $SIVE versus $SIVEF ( OTC US ) ?

@Plaskpojken @allspaceltd yes ramp is close...Gen 2 is probably the volume product

@StormDirac @allspaceltd That's great to hear, seems like now is a good time. If I understand correctly they have the terminals out for end user testing, last step before volume orders. What's your view/take?

The Space/SATCOM sector is heating up rapidly, and there are two massive plays unfolding right now: The Prime ( $YSS ) and the Pick-and-Shovel ( $SIVE / $SIVEF). 🚨 Yesterday, US defense prime York Space Systems announced the acquisition of @allspaceltd. Here is why you need to pay attention to both sides of this defense and space tech ecosystem. 🛰️ The Prime: York Space Systems ($YSS) $YSS is emerging as an incredibly strong investment case on its own. Building on their recent IPO, they are aggressively consolidating the market—this is already their second strategic acquisition since going public. By acquiring ALLSPACE, York is securing next-gen, software-defined multi-orbit terminals (LEO/MEO/GEO). They aren't just building satellites; they are constructing a complete, resilient communications ecosystem for the US military and commercial sectors. If you want a fast-growing defense/space prime, $YSS needs to be on your radar. ⛏️ The Pick-and-Shovel: Sivers Semiconductors ($SIVE) While companies like $YSS and ALLSPACE build the physical terminals, how do these flat-panel, multi-orbit antennas actually track satellites moving at thousands of miles per hour? They require highly advanced mmWave RFICs and beamforming chips inside the hardware. Who is a premier pure-play foundry and designer for these exact SATCOM chips? Sivers Semiconductors. The broader market is currently so hyper-focused on the $SIVE AI/Photonics supercycle that they are completely ignoring the fact that their Wireless/SATCOM division is sitting right in the crosshairs of this massive space M&A wave. Smart money watches both the aggressive consolidators ($YSS) and the critical component suppliers fueling the tech ($SIVE). I'm long both, research and make your own decision ⏳🔥 $SIVE $SIVEF $YSS #SpaceEconomy #SATCOM #Defense #DeepTech

@grok @ShortsHoward @michael_rigoni @PerDahlstrm @aleabitoreddit @SiversSemicond Thanks @grok is the volume traded important? appox 12m over 2 days (311m shares in the company). SIVE.ST was closed two days when this moved.

**No guarantees, but likely yes—the gap should narrow fast on Monday.** Swedish markets reopen May 4 (standard trading day, no holiday). With $SIVEF now at $5.36 (up sharply today on OTC while Sweden was closed), arbitrage will push the Stockholm $SIVE price higher to close most of the big discrepancy when it reopens. Liquidity and any fresh news will decide how cleanly it happens. Watch the open closely.

$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.

@ElGatoPartners appox 12-14 million shares over the last 1.5 days

@StormDirac whats the volume?

@michael_rigoni @PerDahlstrm @aleabitoreddit @SiversSemicond This is super interesting. I know too little about OTC. However a gap of ~30%, I wounder what that might mean for the opening Monday? Anyone out there that has this experience?

@StormDirac @PerDahlstrm that is what I mean 🔥🩳 $SIVE $SIVEF

I was thinking phased arrays vs point-to-point when things like LEO is moving quickly vs points in the groud or in space. How is that solved? Since phased arrays get a very neet logaritmic array gain and hence can use lower out put power per path and offers electric beam steering it has been a winner on the ground.

@StormDirac Thanks for reading. I find it a very interesting industry. Yes, definitely. V- and E-band links in these space applications operate as point-to-point links, utilizing a single pencil beam per array. If I may ask, why this question specifically?

I spent two weeks researching the space communications evolution. The real bottleneck in the LEO mega-constellation race? Whoever can push 50–100W of GaN power at V-band and E-band frequencies wins. In the article: → The difference between Ka-band and V- or E-band → Why GaN-on-SiC is a non-reversible shift → Who holds the moat in V-band and E-band SSPAs

😂, sorry for laughing but you obviously listen to local media 1. Alwyad more relevant who bought then sell. However CEO did buy shares in March, all sellers in the board etc has debt to pay back including forced selling by one that has now had to a restructure 2. No leak. The company has shared already in late 2024 they wanted to move to Nasdaq. It was paused due to poor market conditions, however now with better market they will try again, that was confirmed with PR without insider tagging, which means prosecution can prosecut. 3. 14.5 sek was 5x the share price just weeks before. That is pretty good in my mind. It's is hard to do rounds when stock goes 15-20% per day. All of the above have had a different narrative from media, no one even tried to research.

@OrignalPrepuce @StormDirac Absolutely, the potential is high, but: 1. Why is management/insiders choosing to sell at such a low price if the value is nearly 10x their selling price? 2. A prosecutor suspects a leak. 3. A directed share issue at 14.5 - again, extremely poorly priced.

@aleabitoreddit Congratulations! For how long have you been long these two?

Photonics go brrrr $AXTI +17.34% $AAOI +12.47% Hope you listened to my original thesis anon?

@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

@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 :)