revoAIution

AMD MI500 small scale in 2H27. MI600 mainstream in 2028. That is a multi year laser revenue window. And $SIVE gets there through not one but two completely separate paths. Path 1. $AMD invested in Ayar Labs during the $500 million Series E in March 2026. Ayar Labs SuperNova runs on $SIVE lasers. Ayar Labs is one of the primary CPO paths being considered for AMD MI500 in 2027. Path 2. $AMD confirmed they are using $GFS SCALE for the optical interconnect on MI500. $SIVE lasers are baked into the $GFS SCALE reference design by default. Two paths. Same laser.

We are already in 2H26. And $SIVE is already sitting inside the Nvidia Scale-out supply chain through two separate paths. FOCI and Wiwynn demonstrated CPO at Computex 2026 using Ayar Labs TeraPHY optical engines. Ayar Labs SuperNova light source runs on $SIVE DFB laser arrays. Confirmed since 2022. So the chain looks like this. $SIVE laser. Ayar Labs SuperNova. TeraPHY optical engine. FOCI fiber array unit. Nvidia Spectrum scale out switch. And Senko? They demonstrated a wafer level fiber interface with $GFS at OFC 2026. $SIVE lasers are baked into the $GFS SCALE reference design. Senko connects to $SIVE through $GFS too. Two separate paths. Both pointing back to the same laser.

Morgan Stanley just published institutional CPO research mapping every major upcoming project to their FAU vendors. Most people looked at this table and saw FOCI, Senko and Teramount. I looked at it and saw $SIVE hiding in plain sight one layer above every single one of them. Here is why that is such a big deal. $SIVE does not make the fiber connectors. They make the laser that creates the light that feeds into every single one of those connectors. You cannot have a working CPO system without both. Every project in this table needs a laser. And $SIVE is the confirmed laser supplier sitting one layer upstream of almost every vendor listed. This table just mapped out the entire CPO ecosystem. And $SIVE is at the foundation of it.

@Jess252530 Doesn't look great right now but would have to agree

@revoAIution Short term looks cooked. Long term a ton of potential.

Ayar Labs is the CPO connection that could take $SIVE from $1B to $5 to $7.5B market cap on its own. I'll explain. Ayar Labs makes a product called the SuperNova. It is a light source module that powers their optical engine inside AI datacenters. Every single SuperNova unit contains Sivers laser arrays inside it. Think of it like this. Ayar makes the lamp. $SIVE makes the bulb that goes inside every single lamp they ship. Now here is where it gets interesting. Some Wall Street CPO models assume only a few dozen external light sources per rack. $JBL already built a single box housing 64 SuperNova modules. That is 64 Sivers laser modules inside one box that fits in a server rack. Then at Computex 2026 Ayar and Wiwynn demonstrated a rack-scale AI architecture supporting up to 512 SuperNova light source assemblies per rack. If these rack-scale architectures move into hyperscale production, analysts may need to revisit their assumptions around external light source density entirely. Now the math on how we get to $5 to $7.5B. Assuming approximately $60 to $65 of Sivers laser content per SuperNova assembly, large scale deployment could translate into hundreds of millions of dollars of annual laser revenue over time. If Ayar alone ultimately generated roughly $500M of annual revenue for Sivers, and the market valued that business at 10 to 15 times sales, that implies a potential valuation of approximately $5 to $7.5B. This is one scenario showing how powerful the Ayar relationship could become if CPO adoption reaches scale. $SIVE sits at roughly $1B today. From one connection. Not $GFS. Not $AAPL. Not $POET. Just Ayar.

Breadcrumbs... From an official regulatory filing January 2024. US Fortune 100 customer. 5 year relationship. $17 million in development fees paid. Orders growing from 30,000 to 50,000 units for advanced optical sensing in a wearable health product. Only logically customer is Apple for their watch

@revoAIution A Fortune 100 wearable customer approaching volume phase. Is it Apple Watch? Do we have some kind of confirmation?

I think the bottom is here or very very close for $SIVE at around 40 SEK~ $4 USD. But I honestly do not know how long we will be around these prices. Nobody can time the market and we could sit here for a while. The sell off across photonics, AI and CPO has been extreme. The macro is rough. The bears are loud. And yes it is easy to be bearish right now. It is always easy to be bearish during a drawdown, especially a major one... But we happen to be in the middle of the biggest technological revolution of our lifetime. And with that. we have a company with confirmed partnerships connecting to some of the most powerful companies on earth. $GFS. Ayar Labs. $JBL. $POET. O-Net and $ENA. A Fortune 100 wearable customer approaching volume phase. SATCOM and defense revenue already coming in. CPO just around the corner. And the valuation sitting at roughly $1.2 billion. That is a joke for what this company has built. You do not attract this many multibillion dollar partners linked to hyperscalers by being average. These companies do not sign deals with companies they do not believe in. They chose $SIVE. Institutions just bought at 57 SEK in an oversubscribed raise that closed overnight. That does not guarantee a floor. But there was enough conviction from serious money to fill that book in hours at a price 40 percent above where we are trading today. $SIVE does have to execute. And I believe they will.

@_MHequities We see it differently. I would suggest doing some reading on CPO and pluggable timelines.

They haven’t converted a thing lmao, it’s a subjective pipeline that appears to be cover for 3 board members stepping down and a shelved Nasdaq listing. They’re under heavy investigation and lawsuits are mounting. A subjective opportunistic pipeline is hope, and that pipeline has already been priced in. You do you if you wanna hold into this earnings, you’ll get under 25 SEK in a couple weeks time

The $SIVE and $GFS partnership just started. But it is already the kind of relationship that almost never gets undone. $GFS spent years researching which laser supplier to embed into their SCALE platform. They are one of the largest foundries in the world. They do not make that decision casually. They ran the numbers, tested the technology, evaluated every alternative, and chose $SIVE. That decision is now inside the blueprint. Every company building on the SCALE platform inherits that choice automatically. They all build around the reference. Nobody deviates. And if $GFS ever tried to swap $SIVE out, even with a technically superior alternative, the damage would be severe. Re-qualifying the entire optical stack, finding an alternative supplier, running reliability testing, and getting every downstream customer to re-validate their programs takes anywhere from 12 months upward. And that assumes the alternative laser even exists at the performance level $SIVE delivers. $GFS is not doing that. They picked $SIVE because Sivers was the best fit. That pick is now embedded into the foundation of the only OCI MSA compliant CPO platform in existence, backed by $AMD, $NVDA, $AVGO, $META, $MSFT, and Open AI. The revenue has not landed yet. But the lock-in already happened. Once you are the reference laser for a foundry at this scale, you are not a vendor anymore. You are infrastructure.

Thanks for the bear case and the concern. However. On hope being priced in. Disagree entirely. The market is pricing in a company that is actively converting a $799M pipeline with confirmed partnerships. That is not hope. On GFS qualifying behind the scenes. Go find the supplier then. The major InP DFB manufacturers are capacity constrained for years. This is not a market where alternatives appear overnight. I will wait. On hyperscalers not depending on a foreign micro cap. Sivers just closed a 72 mill raise that was multiple times oversubscribed overnight with BlackRock, Fidelity, State Street, and Vanguard all increasing positions the same day. Those are not retail investors hoping for the best. On margin squeeze. InP DFB at CPO spec is not a commodity component. Specialty laser suppliers in design-in positions do not get squeezed like generic foundry players. That comparison does not hold. On July unlocks. The CEO bought 160,000 shares in the open market at 3.02 SEK with his own money in March. He has never touched the sell button. That tells me more than a lock-up calendar. On macro. I have time and I am well positioned. There is nothing more interesting than $SIVE right now and if there was I would be talking about it.

Your hope is already priced in years in advance, even after the 60% drop. And you I and both don’t know who GFS might be working to qualify behind the scenes (again non-exclusive reference design-Sivers can merely hope this avenue is chosen), while no hyperscaler will permit itself to fully depend on a foreign cash burning dilutive micro cap. Again it is a reference design with no commercial floor, and is prospectively non-exclusive. Then b/c Sivers has to outsource the heavy manufacturing lift, they risk losing major pricing power. In the semiconductor stack, the GFS and the packaging house capture most value. Sivers risks being squeezed into a lower-gross-margin IP and design provider rather than a high-margin chip vendor (regardless of WIN Semi) assuming this all materializes by 2028 (!!). I’d also be wary of insider lockups unloading July 16-27 (another >1 billion SEK) on top of ongoing dilution. I’m not trying to fight you here. I just hope you’re not full porting this thing. Not to mention how ugly the macro conditions are in coming months, overvalued specs will continue getting slaughtered regardless of narrative.

Lol… Non exclusive only matters when there is a second supplier. Who exactly are they qualifying? $GFS can qualify a second supplier whenever they want. But there is no known alternative in their qualification pipeline right now. InP DFB lasers at this spec and volume is one of the hardest things to manufacture in photonics. Non exclusive only matters if a credible replacement exists.

@revoAIution It’s a non exclusive reference design. Come on man

All eyes on $PENG after hours after $DOCN just absolutely crushed earnings as AI demand surges. Results like these matter a lot for the $SIVE demand outlook. And yes even though $SIVE is a laser company supplying AI data centers and chips rather than a cloud or software company these results still matter. If AI demand is accelerating at the application layer it flows all the way down through the infrastructure stack to the laser level. Especially after the past month of brutal selling it is good to see some indirectly positive signals starting to come through. The bears have been loud but the demand data keeps telling a different story. Unfortunately gains are not sticking as AI related stocks keep getting hammered across the board. But this is exactly why yhese earnings matter. They tell us whether AI demand is picking up or slowing down. And that signal flows directly into the thesis for $SIVE. So far with $DOCN the signal is clear. Demand is surging. Some positivity although the markets think otherwise right now.

@BobbaPaddop Still bullish considering the number of shares he already owned. He didn't need to buy more, but he did.

@revoAIution Yes at 3 sek ;)

$SIVE insiders unlock on July 16th and CEO Vickram Vathulya is at the center of why I am not worried. A lot of people in the comments keep reminding us we are about to get dumped on. And honestly they might sell. It happens all the time. But here is the one thing I keep coming back to. On March 3rd 2026 Vickram already had over 4.4 million shares and 3.7 million options. More stock than most people will ever see in their lifetime. And on that same day he went into the open market and bought 160,000 more at 3.02 SEK with his own money. Not options. Not a bonus. His own money. On March 3rd. He knows about all the partnerships we discuss here on X. But what else does he know? $GFS SCALE. Ayar Labs. $JBL. $POET. O-Net and ethereum:0x57e114b691db790c35207b2e685d4a43181e6061. $AEVA. $AAPL? $NOK? $MRVL? ...Nasdaq dual listing progress. And almost certainly connections that have not been disclosed yet. Yes other board members have sold before. But I have not seen this man touch the sell side once. Only the buy side. With a ridiculous amount of shares already in hand. This man knew all of that. Had more shares than most people dream of. And still decided it was not enough on March 3rd. That is the behavior of someone who knows exactly what is coming. We shall see on July 16th if the bears are right.

It is not a matter of if but when $SIVE converts its first pure CPO connection. And I think it will be $POET. With $POET we are probably looking at late Q4 2026 into early 2027. The reason is $POET's $50 million Lumilens order announced May 14 2026. Structured to scale to $500 million over five years but we will get to that later. All this in three simple steps... 1. Top 3 hyperscaler customer confirmed by Lumilens CEO on LinkedIn. 2. Lumilens places $50 million order with $POET. $POET uses $SIVE lasers to fulfill it. If our trail is correct. 3. First CPO revenue for $SIVE showing up end of 2026 but most likely Q1 2027. If it is not $POET first then my next bet is O-Net and Enablence. After that $GFS. Most strategic. Deepest lock. But volume ramp not before 2027 at the earliest. Unfortunately, there is now always risk with $POET after what happened with $MRVL. Hopefully they have figured their stuff out because if they execute on the $500 million framework over 5 years that number most likely only grows from there.

@KrinschTM It happens all the time. Just look at Telsa and Nvidia during some of its biggest runs.

@revoAIution Why would they sell tho? No way that investors would then stay convicted with the management, and a manadgement that is sbout to dump the stock wouldnt issue a dillution to have less of the whole stock

Every time $AMD drops a new Instinct chip the same customers show up. Microsoft. Meta. Oracle. OpenAI. MI300X. MI350. MI400. MI450. Same names every time. If MI500 follows that same pattern in 2027 that is how $SIVE lasers end up inside the biggest AI buildouts on earth.

Do we really have $NVDA and $AMZN at the end of a potential $SIVE supply chain through Ayar Labs? Mapping out the NVLink Fusion ecosystem and stumbled onto something pretty crazy if it comes to fruition. NVLink Fusion is Nvidia's open interconnect standard. The spec every serious AI infrastructure company is now building around. Not a product. A standard. Like USB but for AI chips at hyperscale. Ayar Labs got officially certified inside NVLink Fusion in June 2026 which of course is huge for $SIVE. And back in December 2025, Amazon confirmed Trainium4 is being built on that exact same NVLink Fusion standard. Seven months ago. Quietly sitting there. $SIVE has been the confirmed laser supplier inside Ayar Labs since 2022. So the chain could look like this. $SIVE laser ---> Ayar Labs optical engine --->NVLink Fusion = $NVDA AI infrastructure and potentially $AMZN Trainium4 both building on top of it. Two of the most powerful companies on earth building on the same standard. And $SIVE sitting at the laser layer underneath all of it through Ayar Labs. This is not yet confirmed whether Ayar Labs optical technology will be used inside Trainium4 specifically. Bit of a moonshot, but never say never.

I don’t think it’s of any relevance. I think that would have been more of a coincidence. Stockholm opened at quite low and ran down sharply within 20 minutes, most likely by sell pressure, stops, and extreme fear of the headline that was released two hours before the market opened… meanwhile news was actually dropped a few days ago that they converted.

@revoAIution I know but the opening of the Stockholm exchange isn’t when the market crashed as I was watching it all morning, it crashed just after 8am UK time

$SIVE down ~18% today on a convertible loan conversion that was already disclosed in February. This is exactly why the Nasdaq dual listing cannot come soon enough. Actual dilution is 6 to 7 percent. The loan disappears. The balance sheet gets stronger. Nothing about the business changed today. The ~18% drop is Stockholm being Stockholm. Thin market. Thin liquidity. Fear of selling pressure from a lender sitting on profit. Stop losses cascade. Small cap overreaction. US institutions do not panic sell 6 to 7 percent dilution on something that was already disclosed in February. Irrational reaction. Thesis completely unchanged.