Just as a recap, these were all my core European longs: 1. $SIVE 2. $LPK 3. $SOI 4. $RPI 5. $IQE 6. $ALRIB 7. $XFAB Sivers: As you know by now, core laser chokepoint over next generation photonics, from 1.6T pluggables to CPO. Embedded in many hyperscaler suppliers from Jabil to Ayar. Should go brrr 2027 but markets are forward looking, so ramps qualifications should get priced in now. LPK Laser - Glass core substrate "monopoly" with LIDE. "More than 80% of major global players have selected our equipment for process validation, learning and scaling to mass production" Soitec - Silicon photonics SoI substrate pure monopoly while coming out of legacy drag segments. Raspberry Pi - Was my fun idea around Raspberry Pis being used for AI hardware deployments. Previously this thing was mainly educational or hobby boards, but now used for edge/local AI. Just thought revenue increase would be extremely material and it played out well. IQE - Critical epiwafer player for your Western photonics like Macom, Tower, Lumentum, and others. Was kinda going under, but thought their latent capacity relative to Landmark was undervalued. Also given how important it was, I thought that your downstream players Govs wouldn't let it go under, so it was more of a moonshot idea earlier in the year. Lot more derisked now, very important. Riber - Kinda monopoly in the MBE space, exposure to Quantum / quantum dot silicon photonics. Found out from OSINT help from a friend latentvalue that Microsoft Quantum was buying their machines, so this was direct hyperscaler validation kinda de-risked at current MCs. XFab - SiC foundry backed by EU/US CHIPS Act with power semi upside. (152% Y/Y growth for their sic vertical). Main growth was their silicon photonics foundry past 2027 that's getting evaled by nvidia. And that they're leading Europe's value chain efforts in photonics, kinda like an early tower semi. We'll see how this plays out, thought power semi exposure low P/B would derisk the company until they scale their photbunchonics efforts. From my own personal thoughts: Out of the maybe $SOI has already been re-rated the most? But I'm holding anyway. $LPK and $ALRIB I think are still undervalued despite their monopolies. $RPI is just kinda seeing how things go at this point, would be hilarious if they ended up like a mini nvidia for low end edge ai. $IQE probably has a long way to go given new tower long term agreement, alongside macom. And if they convert latent capacity, I still think it has a chance of rerating like landmark. $XFAB idk if im missing something or are markets missing something. you have nvidia as a direct eval of their silicon photonics foundry, and it's trading below replacement P/B. i think im right though. $SIVE I see has the highest upside out of all of them given laser company ability to vertically integrate, acquire companies downstream to make their lasers more valuable, etc. Just like coherent/lumentum. There's like 1-2 more random ones that aren't really material, but just in general. These are the ones I've liked the most.

CashScript delivers a meaningful upgrade for Bitcoin Cash developers. The playground and VS Code extension now provide full compilation results and instant compile error feedback - a clear improvement to the smart contract development experience on BCH.

$SIVE - In addition to this institutional dynamic, June 2026 brings a series of high-profile fundamental catalysts that complete the bullish investment case: Transition from Developer to Volume Producer $SIVE has just secured an $8.2 million production order from ALL.SPACE, they will supply Ka-band beamforming chips for satellite terminals used by the U.S. military (Army and Navy) as well as commercial customers. This marks transition from the prototype and development phase (NRE) into high-margin volume production through 2027. With $YSS currently acquiring ALL.SPACE, this development opens the door to a vast aerospace and defense supply chain. The $GFS and $JBL Catalyst in the Photonics Market $SIVE position in silicon photonics for AI data centers was significantly strengthened during spring and summer 2026: GlobalFoundries Agreement (June 2, 2026): $SIVE laser arrays were officially integrated into GlobalFoundries’ silicon photonics platform. This positions the company to target the co-packaged optics (CPO) market, which is projected to reach $25 billion by 2030. Jabil Partnership: $SIVE supplies indium phosphide lasers for Jabil’s new 1.6-terabit transceivers. Jabil previously acquired Intel’s silicon photonics business and serves technology giants such as $META and $AMZN. Proximity to Nvidia: Through its close collaboration with Ayar Labs, backed by $NVDA, $INTC, and $AMD, $SIVE is positioned at the forefront of the next generation of AI infrastructure. Sales Pipeline Expands to $799 Million According to recent June reports, $SIVE opportunity pipeline has grown to $799 million. This indicates that industry interest is not merely a temporary hype cycle but is increasingly translating into concrete project opportunities and commercial demand. Upcoming Nasdaq New York Listing $SIVE is actively pursuing a dual listing on the Nasdaq in New York. Its 2024 and 2025 financial statements have already been converted to the stringent U.S. PCAOB accounting standards. The decisive shareholder vote is scheduled for the Annual General Meeting on June 15, 2026. U.S. listing could attract substantial new capital and significantly increase institutional investor participation from the United States. Intensifying Short Squeeze As a result of the stream of positive news and the approaching Nasdaq listing, short sellers, including those influenced by a critical report from Ningi Research, appear to be under increasing pressure. Nordea Bank has reportedly raised borrowing fees for $SIVE shares to as much as 228.5% due to extremely limited share availability. This is forcing short sellers to cover their positions aggressively, creating additional upward pressure on the stock.

If you think the stock market is boring today, the #crypto market is straight-up comatose! 🤣

Yep, Blackrock has now entered $SIVE positions as passive owners following index listing. Fidelity Research has shown up as starting direct positions of Sivers too. Remember when JP Morgan showed up last month with small positions… Then bought ~5.25% of the company? This looks like US institutions validated Sivers’s position in photonics and are trying to accumulate positions.

Just seen both BlackRock and Fidelity showing up as $SIVE institutional ownership? Is this completely new? morningstar.com/stocks/xsto/…

A massive catalyst arrived today with $SIVE: Sivers announced $8.2M volume orders starting for Space applications (allspace). This is for Beamforming ICs powering Space LEO/multi-orbit satellite communication. The bigger implication is not the contract size: But that Sivers now powers a larger defense prime in $YSS following their allspace acquisition (similar to $MRVL design-in with Celestial). Which typically leads to more follow-up orders volume contracts for Sivers, rather than just this specific contract. Turns out Sivers is also a Space/Defense supply chain chokepoint (ahead of SpaceX IPO) on top of their photonics AI DC sector lasers... This win aside, I'm expecting more volume ramps to be coming soon as well from their photonics side (looking at you Jabil other pluggable makers)

Surprised $SIVE is only up 3.36% off the news JP Morgan (institutional) bought 5% ownership of Sivers. Just in the last month alone. First major signal of major institutional buying of the float for Sivers.

Sigh. I keep telling retail Swedish Hedge Funds how important $SIVE is to CPO, but people don’t listen. Enough retail holders got shaken off, and now JP Morgan managed to buy up a massive stake in Sivers (purely institutional). JP Morgan went from .4% ownership last month to 5% ownership this month…

$SIVE That’s absolutely INSANE 👀🚀

Photonics and wireless technologies are central to how modern systems handle data. 📊 As demand increases across #AI, #5G, #SATCOM, and sensing applications, performance and efficiency depend on how well these technologies work together. At Sivers Semiconductors, we're developing solutions across both areas to support #connectivity and sensing for cloud and edge environments. Learn more: lnkd.in/gh87YvC

LOL

$SIVE is my favorite CPO / photonics stock after AAOI. Partly because it's Swedish and you have entertainment from comedians over there. Today a new non-technical hedge fund called Protean Funds (likely shorting), went on air. To said $SIVE CPO applications are imaginary. Right after $GFS just made $SIVE their reference laser. (Just for some context to newer readers: Lot of people in Sweden can only look at past 12 month revenue, and don't understand concepts of forward growth) Also because they don't understand that no CPO application has scaled up yet at all. So Swedish hedge funds keep going short (with many of their hedge funds like Colosseum / Origo heavily underwater). But... for the technical readers... from H2 2026 to 2028, it goes from near $0 to $91B TAM in 1 1/2 years. (we're entering H2 now). Overall TAM hits $141B (which is also 10x or so in 1 1/2 years)... and $SIVE has scaled into pluggable market with $JBL other unnamed pluggable players with that too. Probably not going to end well for the local Swedish firms, shorting right before the largest inflection points ever hits for $SIVE. Just a matter of time before volume ramps.

Top 10 horrible Bitcoin narratives that distracted everyone from the mission & slowly led to this messy identity crisis: 1. “Everything is good for Bitcoin” 2. “Never sell your bitcoin” 3. “Don’t use the Bitcoin blockchain unless you absolutely have to” 4. “Bitcoin is for enemies” 5. “There is no consensus” (usually meaning that one company is trying to gatekeep progress) 6. “Everything that isn’t Bitcoin is a shitcoin” (Satoshi himself contributed to BitDNS/Namecoin lol) 7. “Don’t spend, borrow fiat against your bitcoin. It’s the speculative attack, bro” 8. “Store of value”, “Digital Energy”, “Digital Manhattan Real Estate”, or whatever. Purposely normalizes not using bitcoin for payments. 9. “There is no second best crypto asset” or “Bitcoin only”. A masterful psyop which aims to deligitimize the open source breakthroughs that other projects make – most of which could directly benefit Bitcoin. 10. “Lightning scales, Liquid is decentralized, Fedimints, Cashu & custodial Lightning are good enough”. Satoshi mentions trusted third parties a dozen times in the whitepaper, explaining how his money system avoids them. But a decade later, everyone and their mother tried to become a banker.

Guess which chain is leading the charge in quantum resistance... Bit Coin Cash! BCH FTW! 💚👊💪 blog.bitjson.com/quantumroot… x.com/i/status/1969073230129…

$SIVE looks like both a chokepoint and a bottleneck for CPO next year. Keep seeing information published from nontechnical people who miss any nuances. Here’s the reason why: 1. CW lasers are bottlenecked signaled by $LITE earnings. Laser fabs are heavily allocated to EML likely from former $NVDA contracts. -> Sumitomo/Furukawa = bottleneck -> Win Semi = bottleneck $SIVE does fab-lite, so are they a bottleneck? Yes, $SIVE sits in the laser bottleneck since control output supply of CW lasers from Win Semi and other fabs from allocation way early on (CEO stated they working with more capacity from other players as well). Perfect example is Kioxia/Sandisk. $SNDK controls NAND output, so they’re a bottleneck because they control final pricing. Demand exceeding supply from Ayar, Jabil, other pluggable vendors Nvidia NVLink CPO ecosystem… final laser supply owned by $SIVE makes Sivers a bottleneck. $SIVE is also likely primary/sole source for Jabil, Gen-1 Ayar, $MRVL Celestial, and other hyperscaler asic/merchant CPO routes. So no way to get around it (can’t hot-swap single channel cw lasers with Sivers) 2. $SIVE is a chokepoint over CPO. $NVDA use $COHR, $LITE (which likely sources external cw capacity from Japanese competitors) $AVGO is likely vertically integrated as well. However: the entire ecosystem around it from ASIC programs (Marvell, AlChip, etc) and merchant programs (Ayar, Lightmatter, Lightelligence) Are all likely designed around $SIVE. Ayar for example, likely tried to multi-source with $MTSI / $LITE back in 2022 but their lasers probably couldn’t match the level of Sivers specification with arrays (removed Lumentum / Macom from their supply chain site recently) If there’s no alternative at least for the initial generations (obviously they’re working to multi-source). That makes $SIVE a structural chokepoint to go through for lasers. Even if you look at the 1.6T LRO $JBL designed, they achieved a “drastic moat” with performance built around $SIVE likely sole source. $SIVE is also the foundry level reference laser design for $GFS, which your hyperscalers use like $AMD (likely using Sivers maybe Ayar for gen1): If every major player, who hasn’t achieved vertical integration (Nvidia/Broadcom) is using Sivers for CPO… That makes them a chokepoint. Just look at the entire CPO $NVDA NVLink ecosystem partners: every single one are all likely using Sivers. And they all use $GFS as well (where Sivers is default reference). So $SIVE is both a chokepoint and bottleneck when CPO really scales up H2 2027, over one of the biggest architectural shifts of all time (near $0 -> $81B or $91B TAM in the next 1 1/2 years from GS research note) This is why I say $SIVE looks like it could be the next $75B $LITE over the next couple years. All of this should play out next year. And it’s still trading less than a company with $50M in purchase agreements that buys Sivers lasers to repackage them.

Wow… new extremely transformative news got released today. Making a certain photonics company: The effective upstream laser chokepoint for $NVDA NVLink fusion CPO ecosystem. With their lasers now in Nvidia’s optical infrastructure supply chains. Can anyone guess the name?

$SIVE / $GFS Hot off the press. This just dropped this morning. $SIVE Sivers Semiconductors just announced a strategic collaboration with GlobalFoundries (GFS) to develop advanced silicon photonics solutions for AI infrastructure. Sivers' laser arrays will be integrated directly into GlobalFoundries' SiPh platform reference designs. They will also be available inside GF's SCALE platform -- Silicon Photonics Co-packaged Advanced Light Engine -- which combines CPO, CWDM, DWDM, and advanced packaging into next-generation optical sub-assemblies. CPO. LPO. Every major data center interconnect architecture. Sivers lasers powering all of it through a tier-1 foundry platform. The week is just getting started and already have news stacked up. Monday: Sivers laser arrays confirmed as the external light source for AyarLabs TeraPHY, on display at the Wiwynn CPO booth at Computex Taiwan. Tuesday: Sivers announces a strategic collaboration with GlobalFoundries to power their SCALE CPO platform targeting a $25B pluggable optics market by 2030. Two separate confirmations of the same thesis in 48 hours. Two different CPO ecosystems. Both pointing at the same laser supplier. You could say Sivers is a chokepoint on the AI buildout, I’m I right? Bullish $SIVE

DID YOU LISTEN ANON? Reuters: New Sivers x GFS strategic collaboration. $SIVE has now announced its lasers will be integrated into reference designs built on Globalfoundries Silicon Photonics Platform. For pluggable optical transcivers, CPO, and SiPH. This is fundamentally the most groundbreaking news for Sivers in history. As Broadcom, Nvidia, Marvell, AMD, and anyone who goes through GFS silicon photonics has Sivers embedded as a default laser route. I personally think this news alone should easily 2x or 3x Sivers market cap over the medium term, given how fundamental this is to their revenue. To have Sivers be the standard laser route for the many hyperscalers that use the world's leading photonics foundry.

Just a heads up, I've uncovered a bot farm with dozens of accounts used to spread disinformation about $SIVE in the past few days. This illegal campaign likely stems geographically from Asia. As these accounts were used to do marketing for the same Asian projects like Alchemy Pay. Or bought brand new bought X accounts. All of which have no activity, but have an abrupt shift in timeline to repeating false claims about selling $SIVE positions and telling others to sell. With some getting caught using AI prompts to create a negative reply. This will be passed along to the SEC for investigation given there's certain traceability logs available. While the regulators investigate, maybe not a good idea follow along false bot farm advice.