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紐約 Z 世代（18～29 歲）的女性中，有 84% 投票給了極左穆斯林候選人曼達尼—— 這是所有群體裡最懸殊的一個族群。 果然未婚白人女性都是。。。

難怪澤連斯基一反常態， 暗捧川普，大罵歐洲 美國財長貝森特表示： 美國為了對付俄羅斯，付出的代價比歐洲大得多。 我們對「購買俄羅斯石油」的印度課了 25% 關稅。 結果你猜怎麼了？上週歐洲卻和印度簽了貿易協議。 俄羅斯原油進到印度， 印度煉成成品油再出口， 歐洲再把這些成品油買回來。 換句話說—— 他們一邊說要對抗俄羅斯， 一邊用自己的錢在資助這場戰爭。

$AAOI is up 24% and $LITE is 5% since my thesis today. From BOM analysis, LITE ($27B) is levered toward TPU Ironwood due to OCS but benefits from NVDA + all ASICs. AAOI ($2.5B), is levered toward MSFT MAIA ramp and Amazon Trainium. InP like HBM, will be a bottleneck for 2026 as they’re the foundational materials used for lasers in these deployments. Similar to memory bottlenecks with Micron and SK Hynix, we’ll likely see attention drawn to InP fabs, such as $AAOI, which happens to be one of the sole ones in America (COHR,Macom) But compared to $LITE that is up 362% YTD due to the success of Google’s TPU (from Meta and Anthropic purchase orders), $AAOI is only up 7% YTD. We’re largely seeing this because there’s a lack of retail or media attention on the $AMZN Trainium or $MSFT Maia deployments, which are largely expected to ramp up in 2026-2027. However they’re all likely to succeed due to each hyperscaler wanting to lower costs of inference for their own cloud platform. If we see other hyperscalers adopt OCS for optimized performance that the TPU achieved, expect $LITE to re-rate more than they have now given their monopoly in that specific segment. However, if we see $MSFT Maia ramp up (given $AAOI is likely developing a new architecture for them), and $AMZN Trainium ramp up ($4B warrant + purchase orders), expect $AAOI to rerate. Photonics and InP will be the new bottleneck like memory. We’ll likely see investments pour down stream to players like $COHR, Innolight, $LITE, and hidden levered plays on specific hyperscaler ASICs like $AAOI as a theme in 2026. The market is currently rewarding the Google TPU supply chain but might be missing other hyperscaler ASIC ramps.

$NVDA has just invested $2 billion to support Lumentum's R&D and a new U.S. fabrication facility. This is a massive tailwind for photonics stocks from: $LITE, $COHR, $AAOI, $AXTI, $IQE and others. $IQE's 28% rise today makes more sense as they're a known $LITE supplier. And $AXTI is a known $IQE supplier. The collaboration targets silicon photonics, optical interconnects, and package integration, which flows through the entire photonics supply chain.

$AAOI does not concern itself with a war in Iran. The photonics stock with surprise ~900% revenue growth blowout projections to: $4.53B ARR by mid-2027, off ~40% margins. Coupled with double digit directional SI stuck. Might not need to be.