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…⁠

@aleabitoreddit I am just honored to be one of the 100+ you follow. That brings more joy than 1k new followers. Keep up the good work. 😇

I hate it that my account got so big. That I can’t mention another person anymore without them gaining 1K+ followers or going viral in the algo. Now endless people just make up stuff and bait me into replying…

Goldman just published their AI capex framework: $7.6T from 2026-2031. The headline isn't the story. The story is that 4 assumptions can move that number by hundreds of billions, and Goldman explicitly flagged optics as the next "buy out the store" chokepoint. My read on the framework ⤵️ Paid access via link below. "This is essentially Goldman’s institutional research arm telling clients: watch the optics supply chain for the same dynamics that played out in HBM memory." "Even the bear case represents the largest sustained infrastructure build in semiconductor history. The base case is roughly 4x the entire global semiconductor industry’s annual revenue." open.substack.com/pub/andersstor…

Part 2: Let’s look at the actual receipts for the $YSS / $SIVE space thesis. 🧾🚨 If you want to understand why York Space Systems ( $YSS) just bought ALLSPACE, and why this is a massive catalyst for component suppliers like Sivers Semiconductors ( $SIVE), just look at the ALLSPACE partner list I pulled up. This isn't a list of theoretical startups. This is the absolute apex of global defense and space infrastructure: 🎖️ The Military Giants U.S. Army, America’s Navy, UK Ministry of Defence, and the Royal Air Force. ALLSPACE terminals are already "Trusted Partners" at the highest NATO levels. 🦅 The Pentagon Pipeline Notice the Defense Innovation Unit (DIU) on the list. The DIU is the Pentagon's fast-track vehicle for acquiring commercial deep-tech. This is the exact channel where massive, multi-billion dollar initiatives like "Golden Dome" (the $185B missile defense network) are sourced. 🛰️ The Commercial Titans ESA, UK Space Agency, Viasat, SES, Telesat. These are the companies building the physical infrastructure of the new Space Economy. ⛏️The $SIVE Connection (The Pick and Shovel) When $YSS uses ALLSPACE to equip the U.S. Navy and the Pentagon with thousands of flat-panel, multi-orbit satellite terminals, what goes inside those boxes? You cannot track a satellite moving at 17,000 mph without extreme-precision mmWave RFICs and beamforming chips. Sivers Semiconductors is one of the very few independent foundries capable of designing and supplying these exact components at scale. The market is sleeping on the fact that Sivers' Wireless division is already embedded deep inside the NATO defense supply chain through ecosystem partners. Don't ignore the space narrative. ⏳🔥 $SIVE $SIVEF $YSS #SpaceEconomy #Pentagon #Defense #DeepTech

@AAn736481866073 I have no ide 😂

@StormDirac And what is the next company that can give such a return?

I posted about $ATXI yesterday following its strong run. It can be difficult to believe that a stock up +5,500% still has room to move, yet ATXI gained another ~20% after its earnings report, bringing the 1-year return to +7,011%. This is not financial advice or a recommendation to buy or sell securities.

@Sam_Badawi Thanks, great information. Are these optical vendors comfirmed or potential suppliers?

$GOOGL TPU infrastructure supply chain Optical Modules & High-Speed Interconnect Chips $COHR, $AAOI, $LITE, $MRVL, $CRDO, $SMTC, $MTSI, $FN OCS (Optical Circuit Switch) Coherent, Lumentum, Fabrinet Server Power Supplies $MPWR, $AEIS, $VICR PCB - $TTMI ASIC Design & IP - $AVGO Wafer Manufacturing & Advanced Packaging $TSM, $AMKR System Assembly & EMS Manufacturing $CLS, $JBL, $FLEX Semiconductor Wafer Test & Probing $FORM Memory (HBM / NAND exposure) $EWY, $MU, $SNDK Liquid Cooling / Thermal Management $VRT, $MOD, $NVT CPU - $ARM MPO and AOC (High-Density Interconnect Cables) $APH, $TEL, $GLW

@Kaizen_Investor Strong performance, congratulations! Not much overlap in positioning on my side, interesting how different setups delivered similar results. Market was strong in April.

April was probably my best month ever with a return of 48.49%. Raised some cash this month with the sales of $POET, $HOOD and $CROWD. The only buy I made this month is $FTC. Would love to add a bit to my filtronic position as it is only 4.5% of my portfolio at the moment. Want to make them one of my core holdings but waiting for a better moment to buy. I'm currently up 30% on the stock in 2 weeks. 45% of my holdings report next week, will make a more detailed tweet about that, but I will be mainly looking at $TMDX and $FLNC. Those are my worst performers and are now sitting beneath 3% allocation. Earnings will decide if I'll let them go or buy some extra. At the moment I'm looking at some companies to add but I also want to move to a more concentrated portfolio of 12 stocks. So, will probably do some more trading this month. I'm always transparent and you can follow all the moves I make on my page.

Commentary like this highlights the magnitude of potential demand growth in AI compute. While execution and competition remain key variables, I have a long-term positive stance on $AMD. No recommendation to buy or sell.

I posted this about $ATXI yesterday following its strong run and Q1 report. It can be difficult to believe that a stock up +5,500% still has room to move, yet ATXI gained another ~20% after its earnings report, bringing the 1-year return to +7,011% Friday afternoon. Swedish Avanza holders decreased slightly from 366 to 364. This is not financial advice or a recommendation to buy or sell securities.

@btc_overflow 👍

@StormDirac OTC is generally directionally correct, but prone to over and undershooting. As someone formerly of a Swedish listed company with an OTC ticker, I've seen days where the OTC would overshoot the Swedish listing by 100% just to correct the next day.

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?

@vinnotvon @Kaizen_Investor Read this to the end and you get that information. Many of my thoughts are in the substack after the below one open.substack.com/pub/andersstor…

@StormDirac @Kaizen_Investor Appreciate all of your thoughts on $SIVE! I’ve been curious to know what led to your departure from the CEO role?

Great conversion about the Space era. And great deep research about it done by @Kaizen_Investor

@MaybeLance @Wizeguy114 @aleabitoreddit 👍

@StormDirac @Wizeguy114 @aleabitoreddit I did not… 😂 🍻 Hope you have your stock options still

@nunstedt @Plaskpojken @allspaceltd yes I have former college there, in Uppsala.

@StormDirac @Plaskpojken @allspaceltd During your time as CEO, did you run into $AAC / $ACCMF? Swedish sat co., acquired Clyde Space in Glasgow, delivered/licensed avionics, batteries etc. to $YSS back in the days, maybe still does? MC now lower than order pipeline, contract with ESA for €80m+. Bad media coverage.

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

@Wizeguy114 @MaybeLance @aleabitoreddit 😂😂

@MaybeLance @StormDirac @aleabitoreddit Seems like you don’t know you’re replying to the former CEO of $SIVE 😂

@Kaizen_Investor Thanks learned a lot 🙏

Interesting project, thanks for sharing. I didn’t come across that specific article during my research. As you explain, while the it is theoretically possible with RF-SOI, I haven’t seen these distributed Silicon architectures used for high-capacity E- or V-band feeder links in commercial practice yet. I think particularly with the E-band, you still need a massive baseline of raw power to punch through atmospheric rain fade. Filtronic and SpaceX are still finalizing the V-band technology but it looks like they are working with GaN amps again. Would be interesting to know how the project ended and what the conclusion was.

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

@Illskan @OrignalPrepuce No, that was the right decision. I can now be an owners in two of the coolest Swedish tech companies at the same time. And feel that I contributed somewhat to a better Sweden in a broader sense before I am to old. 😂.. Have a great weekend

@StormDirac @OrignalPrepuce Nice that I can make you laugh — it’s Friday after all! 🤑🤑 Bonus question: do you regret leaving now that the rocket has taken off? 🚀 Guess you have plenty of stocks left?

$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.

okay, traditionally it been easier to handel 200-400mW on 256 elements for cooling than one massive 50-100W. Also the phased-array aperture gain of 24 dBm reduce the total power need by almost 50%. F-max for RFSOI fₘₐₓ ≈ 200–350 GHz that should not be an issue E or V band (rule of tumb says 50% of fmax)..in some cases W-band maybe an issue. Reason for asking is I remember this project: spacedaily.com/sivers-semicon… Not sure where it ended.

That's an interesting discussion. The problem is that RF-SOI is extremely inefficient at the frequencies of the E-band and V-band. To produce 50-100W of total power, an RF-SOI array would drain the all the power of the satellite's solar panels. That electrical inefficiency would also create a massive amount of total waste heat. Dissipating heat in the vacuum of space is an enormous problem. Filtronic fixes this by growing GaN on Silicon Carbide (SiC), utilizing a thermal conductivity of 390 to 490 W/mK. This allows them to rapidly pull the intense heat away from the transistor and into the satellite's primary radiators. Ultimately, at these mmWave frequencies, GaN is simply much more efficient with the limited electricity on a satellite and produces less total heat to manage.

@hacker_Yogi_1 Can't see OTC live, but I see $5.09, including Thursday that is +20%, what do you see?

@StormDirac It’s erased all gains already

Exactly this is what I mean, a 256 arrays could with only An example a 256-element BFIC array with 23–26 dBm per channel (maybe streach for RFSoI) can match 50–100 W total RF power, by adding ~24 dB directional array gain and electronic beam steering. Much less heat and no need for mega GaN amplifiers. The arrays itself makes the pencil beam, the steering advantage is electronic beam control. Probably need 512 elements for RFSOI Tx of 20-23 dBm to get to 50-100 W. Would that be a path or is the GaN needed?

Hope I understand your question correctly, but they basically want to combine those concepts. It will not be phased arrays vs. point-to-point anymore; it will be a combination of both. The phased arrays now have thousands of tiny antennas, and they program all those antennas to synchronize their energy perfectly. That array focuses all of the power into one single, point-to-point pencil beam. They need a lot of power for this process, which is provided by GaN amplifiers. The difficulty is delivering this GaN power without melting the antennas. This is exactly why SpaceX is working together with Filtronic. Filtronic has proven that they can build E-band GaN amps up to 50W that work together with the phased arrays of SpaceX. They now have a research collaboration with SpaceX to expand this to V-band (up to 100W) and Ku-band amps. Hope this is a bit clear?