the two real bear cases for the photonics supercycle (laser oversupply vs VCSEL-over-SiPh)

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the two real bear cases for the photonics supercycle (laser oversupply vs VCSEL-over-SiPh)

Tracked-Follow crux pressure-tests our own optical thesis: the two risks to $CIEN/$AAOI/$COHR/$LITE are laser oversupply and VCSELs displacing silicon-photonics for scale-up. Worth reading as the skeptical case on optical-supercycle, not a pump.

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@crux_capital_ — the two real bear cases for the photonics supercycle (laser oversupply vs VCSEL-over-SiPh)

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Tracked-Follow crux pressure-tests our own optical thesis: the two risks to $CIEN/$AAOI/$COHR/$LITE are laser oversupply and VCSELs displacing silicon-photonics for scale-up. Worth reading as the skeptical case on optical-supercycle, not a pump.

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