By Equity Research in DeepSeek — Mar 6, 2025 Themes - DeepSeek, Kimi And AI Efficiency Paradigm Shift (Pt.3)
optical interconnects Notes: Light is the Future (Pt.2) Summary * The optical supply chain bottleneck into 2026 is EML capacity, with
optics Notes: Light is the Future (Pt.1) Summary * DeepSeek, Huawei, and then AVGO in 2025 pulled forward the timeline
AI Bubble Notes: AI Bubble? Spending, Risks, and Returns — A High-Level Assessment Summary * Hyperscalers’ AI capex is soaring past historical limits, forcing creative financing
Lumentum Holdings Lumentum Holdings: The Optical Engine Behind the AI Data-Center Revolution Summary * Record 1Q26: $533.8m revenue (+58% YoY) with next-quarter guide $630–