Pre-Market Movers - Monday July 7, 2026 $DRAM $WDC $SNDK $MU $AMAT $TER $AMKR $ALAB $AMD $INTC $ARM $TSM $AVGO $AXTI $MRVL $CRDO $MTSI $COHR $GLW $IREN $CIFR $APLD $VRT $NBIS $CLSK $WGM $HUT $RIOT $IBIT $SLV $GDX $GLD $QTUM $QUBT $USAR $LAC $TSLA $META $SPY $QQQ The semiconductor sector had its best quarter in history in Q2 2026, with the Philadelphia Semi Index rising 87.75% in a single quarter. On July 1, the first session of Q3, the group got hit hard on profit-taking as MU dropped 11%, Intel fell 9%, AMD dropped 7%. The holiday weekend served as a clean reset. Today, the real first session of Q3 after the break, money looks to be rotating back in with conviction. Memory is leading the way - DRAM 7.54%, WDC 5.38%, SNDK 4.93%, MU 3.28%. Semis are broadly surging behind it. The fundamental backdrop that drove Q2's record run did not change in four trading days. The thesis is intact and the numbers behind it are hard to argue with. MU reported 1,358% earnings growth year-over-year in its Q3 FY2026 print, with its entire 2026 HBM supply already sold out and gross margins touching 85%. SemiAnalysis is projecting NVIDIA's second-half data center revenue to beat expectations by 20% as the Vera Rubin platform ramps. SK Hynix is moving toward a US ADR listing that analysts expect would trigger immediate passive buying from QQQ inclusion worth hundreds of billions. South Korean semiconductor exports in June surged nearly 200% year-over-year. Every major data point says the shortage runs at least through 2028. What happened on July 1 was profit-taking after an extraordinary run meeting the first day of a new quarter, not a signal that the fundamental cycle was breaking. Today looks like the market arriving at the same conclusion. The broader tape is constructive. QQQ is up 1.18% and SPY is up 0.41%. Optical networking is surging alongside memory and semis - AXTI 6.99%, MRVL 3.95%, CRDO 3.42%, MTSI 2.93%, COHR 1.67%. AI infrastructure names participating - IREN 6.67%, CIFR 4.59%, APLD 2.99%, VRT 2.80%, NBIS 2.44%. Crypto broadly green. Metals continuing their bounce with SLV, GDX and GLD all holding gains from last week. Quantum green across the board. Rare earths holding. The one rotation to note is software giving back ground - PLTR, ADBE, PANW, SNOW all slightly red - after leading for three sessions last week. That is not a breakdown; it is the natural exhale after a leadership run as capital rotates back toward the hardware side of the ledger. VIX is up 3.60% alongside a market that is also up - a split signal worth watching. That combination often shows up when investors are buying the dip with one hand and buying protection with the other, uncertain whether the recovery will hold. It does not change the premarket read, but it is worth monitoring as the session develops. We're seeing relative strength in: ✅ Memory resuming leadership - DRAM, WDC, SNDK, MU - bouncing hard off July 1's profit-taking session, fundamentals unchanged ✅ Semis broadly surging - AMAT, TER, AMKR, ALAB, AMD, INTC, ARM, TSM - broad participation, not concentrated in any single name. GOLDMAN SACHS RAISES AMD PRICE TARGET TO $640 FROM $450, REITERATES BUY. JPMorgan - the recent pullback in semiconductor stocks is a buying opportunity. ✅ Optical networking back - AXTI, MRVL, CRDO, MTSI, COHR, GLW - moving in force alongside the broader semi complex ✅ AI infrastructure surging - IREN, CIFR, APLD, VRT, NBIS - back in gear ✅ Crypto broadly green - CLSK, WGM, HUT, RIOT, IBIT - participating with the risk-on tape ✅ Metals continuing - SLV, GDX, GLD - second consecutive week of participation ✅ Quantum and rare earths holding - QTUM, QUBT, RGTI, USAR, LAC - consistent Notable red: ❌ Software rotating out - PLTR, ADBE, PANW, SNOW - giving back ground after three sessions of leadership, healthy rotation rather than distribution ❌ VIX up 3.60% with the market also up - split signal; investors buying the recovery while hedging against a reversal. Watch how this resolves intraday Watching Closely: Whether memory and semis can hold these premarket gains through the open and build on them - a sustained recovery from July 1's profit-taking would confirm the group is re-entering a leadership phase rather than just bouncing. The VIX divergence resolving - if VIX fades as the session develops and SPY and QQQ extend gains, the recovery has real legs. SK Hynix's US ADR listing timeline as a secondary catalyst for continued passive buying pressure in the memory complex. And Warsh's framework review remaining the structural macro backdrop that gives all of this room to run without a Fed fighting the cycle. @TradersAscent

Daily Mkt Diagnosis: On Thursday, ahead of a 3 day weekend for America's Birthday, the Ai growth stocks get WHACKED again and Nas clocks another dist day with clustering and is back below 21 day ema and 50 day line too, and IBD drops to 60%/80% invested level; NYSE and Dow hit more ATHs/ATCHs; the damage to the growth stock trade in all things Ai is revealed by the chart damage as lots plunge through the 21 day and 50 day guardrails. Those breaking 21 day include $CRDO $OUTS $SMTR $MU $SNDK $UCTT $INTC $MRVL $ARM $ANET $TSM $WDC $ASML $GLW and $DELL. Those going further and breaking 50 day line include $CIEN $VIST $VRT $NVMI $SYNA $ENTG $STX $TTMI $VIAV $MTSI $VICR $LITE $MOD $IPGP $AAOI $TSEM $COHR $KEYS $VIAV $FN $FIX $PWR $AEHR. Watching to see if this is start of something more serious or just a normal and natural pullback--watching to see how these former leaders act at these key MA lines. Nas futures up 1% this morning--will see if it gaps and can hold the gap. Difficult environment still as uptrend under pressure along with power trend under pressure.

If the story is true, Beneficiaries - Copper, Pluggable, Legacy Power, Testing, ... $ALAB $MTSI $APH $FB $VRT $TER $FORM ... Victims - CPO, 800VDC, ... $LITE $COHR $AAOI $NVTS ... Any thoughts??

I think there may be some misunderstanding here. They are indeed the owners of the wafers. They perform the entire process from substrate production through epitaxial wafer manufacturing, and then sell the finished epiwafers to Tier-1 customers. Do you consider the wafers produced by companies such as COHR, LITE, or MTSI to be “epiwafers”? If so, then there would be no reason for the report to assign a market price to epiwafers, because those wafers are largely consumed in-house rather than sold as merchant epiwafers. IQE manufactures epiwafers through a process such as the following: Tier-1 customer requirements for next-generation optical devices ↓ Joint development of the epi structure and finalization of specifications ↓ High-purity InP raw material and polycrystal ↓ InP single-crystal growth ↓ InP ingot ↓ Orientation / grinding / slicing ↓ Etching / polishing ↓ Epi-ready InP substrate ↓ Substrate inspection and selection ↓ MOCVD or MBE epitaxial growth ↓ Completion of epi structures for CW / DFB / EML / APD applications ↓ Epiwafer characterization and inspection ↓ Sample supply to the customer ↓ Customer laser/device fabrication ↓ Device performance and long-term reliability qualification ↓ Feedback → recipe adjustment ↓ Qualification completed ↓ Volume production ↓ Mass production and supply of epiwafers to Tier-1 customers Through these stages, IQE produces and supplies epiwafers at volume. So what additional step do you believe is required for a company to be considered the owner or manufacturer of an epiwafer? Please explain exactly which companies you consider to be actual epiwafer manufacturers.

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The silicon photonics supply chain diagram is one of the most important investment maps in technology right now (Save this). Every AI data center being built depends on what's in that chart and the companies inside it are just starting to show what the revenue ramp looks like. Here are the 10 stocks I am watching. 1. Broadcom (AVGO): Broadcom's AI revenue rocketed 106% to $8.4 billion in its most recent quarter, driven by custom accelerator chips for Google, Meta, and Anthropic, plus AI networking silicon. It is one of the few companies doing both the switch silicon and the photonics integration needed for co-packaged optics at hyperscale. The silicon photonics diagram shows Broadcom appearing across multiple layers, PIC design, laser sources, photodiode, and EIC design. 2. MACOM Technology (MTSI): MACOM is quietly positioning itself at the inflection point of the 1.6T and 3.2T optical transceiver transition. In March 2026 it launched 448G PAM4 modulator drivers among the first in the industry and joined Broadcom, Cisco, and Semtech in the 400G Optical MSA standards consortium. In June 2026 it introduced hot via chip scale technology, eliminating wire bonds in its AlGaAs packaging. 3. Marvell Technology (MRVL): Marvell is the DSP engine inside many of the optical modules in that chart. Its custom AI silicon, built for hyperscalers who want to own their accelerator architecture is the fastest growing part of its business. It sits at the EIC design layer and supplies the digital signal processing that makes high-speed optical links work reliably at scale. As the industry shifts from 400G to 800G and 1.6T, every step requires more sophisticated DSPs and Marvell captures more revenue per module shipped. 4. Keysight Technologies (KEYS): Every optical module that ships from every fab in that chart has to be tested before it reaches a data center. Keysight is the global leader in electronic and photonic test equipment. As optical speeds push to 800G and beyond, the testing instrumentation has to keep pace and it commands premium pricing. 5. FormFactor (FORM): FormFactor is the most underappreciated name in this entire chart. Q1 2026 revenue was $226 million, up 32% year over year, beating estimates with non-GAAP EPS of $0.56 versus $0.44 expected. It acquired Keystone Photonics in December 2025, becoming the leading wafer-level silicon photonics test platform for co-packaged optics production. Its partnership with Advantest created the world's fastest automated photonic alignment test system with nine-axis nano-precision. Over 100 of the world's leading silicon photonics manufacturers use FormFactor systems meaning every CPO chip that ships from any fab in that diagram gets tested on FormFactor equipment. 6. Teradyne (TER): Teradyne sits in the E/O Testing layer alongside Keysight and FormFactor. As silicon photonics chips get more complex, integrating lasers, modulators, photodetectors and electronic drivers on a single chip, the test complexity explodes. Teradyne's automated test equipment platforms are expanding from traditional semiconductor testing into photonic integrated circuit validation. It also has a robotics division, which ties the silicon photonics thesis directly back to the humanoid supply chain story. 7. EXFO (EXFO): EXFO is a fiber optic and network testing specialist that has been building testing platforms specifically for coherent optical and silicon photonics applications. It sits directly in the E/O Testing box of the supply chain map. It's a smaller cap, which means the upside from the optical buildout is amplified relative to its size. It is one of the few companies that tests live network optical performance meaning it gets pulled in not just at the component manufacturing stage but every time a data center expands or upgrades. 8. Foxconn Industrial Internet (FXCOF): Foxconn appears twice in that supply chain diagram in both Photonics Assembly and Optical Interconnect and that is before you even consider its server business. Q1 2026 revenue hit $66.6 billion, up 29.7% year over year, with AI servers now representing more than 50% of total server revenue. Its silicon photonics CPO switches entered mass production in Q3 2026 with full year shipments forecast at 10,000 units. It is boosting capex 30% specifically for AI infrastructure. Almost no retail investors think of Foxconn as a silicon photonics play and that's the opportunity. 9. Sumitomo Electric (SMTOY): Sumitomo appears in two places on that supply chain diagram as an optical interconnect component supplier and in the laser/photodiode layer. The company has been a foundational supplier to the fiber optic industry for decades and is now scaling its silicon photonics packaging and optical connectivity capabilities for AI data center applications. 10. Synopsys (SNPS): Every silicon photonics chip has to be designed before it can be manufactured. Synopsys is the dominant EDA software company for photonic integrated circuit design and sits at the very top left of that supply chain map. The shift toward co-packaged optics means optical and electronic chip design have to be co-simulated, exactly the kind of complex, multi physics workflow Synopsys is built for. Its photonics design tools are already embedded across every major chip company in that diagram. The more complex the chip, the more customers pay for Synopsys tools. Milk Road Pro is tracking every layer of the silicon photonics supply chain, from Broadcom and Marvell to the testing names most investors still don’t know. Join Milk Road Pro for the full breakdown and for all our AI trades for just $1 using the link below!

自分は、ひとつのテーマあった場合、幹になりそうな銘柄と、枝葉のような銘柄があるように考えている。 状況がテーマにとって順風であるならば良いけれど、逆風だったら枝葉みたいなところを切る。ただフォトニクス（光）については、中長期的なテーマと思っているので、幹のような部分は残す。 例えば AI とか半導体まわりだったら、今月は $HIMX から売って $MTSI $NBIS $SMTC を手放している。逆に買ってみたのは、インド関連のETFなど。🐸

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1 // 🔥 $AAOI $MTSI $FN $VIAV $LPTH✈️🤑⁉️ 2 // 🔥 The setup phenomenon - J L H L - R G C. Free float in J L H L will soon be owned by those who hold/buy, maybe a $ RGC 2? who did value x 1243 🚀 🤑 ⁉️

TradingViewウォッチリストインポート用テキスト 下記をテキストエディタにコピペして.txtファイル作成　⇒　TradingViwe上で「リストをアップロード」 ※取引所プレフィックスを省略しているのでたまに間違って認識される事もありますが、ほぼいけます。 ---------------------------- ###1. Computer Sftwr-Security PANW CRWD OKTA QLYS ###2. Medical-Managed Care ASTH CON ALHC CVS CNC ###3. Comml Svcs-Staffing RCRUY FA HQI AMN KFRC ###4. Medical-Services DVA PGNY VCYT MD BTSG ###5. Electronic-Parts APH VICR TTDKY COHR KN ###6. Computer-Hardware/Perip DELL MU SIMO ALOT LNVGY ###7. Elec-Semiconductor Equip LRCX KLAC ASML AMAT MKSI ###8. Medical - Development Biotech ETON XOMA ADAG ABCL ORMP ###9. Hsehold-Appliances/Wares SN HBB CENT BWMX LCUT ###10.Elec-Misc Products ESP GLW BRC OUST RELL ###11. Elec-Semiconductor Mfg TSM UMC ASX MTSI IMOS ###12. Machinery-Constr/Mining/Farming CAT TEX ASTE ATLCY CSW ###13. Computer-Networking DGII ANET EXTR RDWR CSCO ###14. Retail - Home Furnishings/Electronics WSM BBY HVT.A HVT LZB ###15. Transportation-Truck JBHT WERN CVLG LSTR HTLD ###16. Comml Svcs-Leasing WLFC URI PRG AER CTOS ###17. Oil&Gas-Refining/Mktg VLO WKC MPC DINO SGU ###18. Medical - Home & Nursing Care NHC PNTG PACS AVAH INFU ###19. Transportation-Airline ICAGY DAL UAL CPA ALGT ###20. Banks-Savings & Loan GCBC WSFS CFFN WSBF TFSL ###21. Security/Sfty CXW FSS GEO YOU AXON ###22. Elec-Contract Mfg FLEX XMTR TTMI SANM CLS ###23. Telecom-Infrastructure DY NOK VSAT UI KVHI ###24. Building - Tools SNA SWK TTNDY TTC MKTAY ###25. Food - Wholesale USFD PFGC WILC SYY UNFI ###26. Business Equip & Supplies PBI SCSC ACCO ZBRA EBF ###27. Elec-Scientific/Msrng CGNX VPG NOVT KEYS CAMT ###28. Beverages-Non-Alcoholic MNST CCHGY CCEP COKE COCO ###29. Steel-Specialty Alloys CRS CSTM INHD TS ACNT ###30. Telecom-Consumer Prods OOMA AAPL MSI XIACY ###31. Chemicals-Specialty WDFC AXTA LIN LZAGY ESI ###32. Banks-Money Center SMFG RY SAN DBSDY BCS ###33. Transportation-Rail CNI CSX UNP CP NSC ###34. Building - Construction Products TILE ACA WTS LYTS FIX ###35. Machinery-Mtl Hdlg/Autmn MTLS HURC AIN DDD CMCO ###36. Medical - Revenue Biotech ADPT URGN CERS TVTX TWST ###37. Transport-Air Freight AIRT FDX UPS CRGO ###38. Finance-Consumer Loans ENVA CACC EZPW ATLC RM ###39. Medical - Pharmaceuticals LLY AMRX MRK JAZZ GALDY ###40. REITs WELL PSTL EGP ILPT OUT

许多光子学股票较其高点下跌了30-40%。 这是一个很好的时机 Layer 1:$GLW • $AXTI • $IQE • $AIXA • $AMS Layer 2:$IPGP • $COHR • $LITE • $LASR • $SIVE Layer 3: $AAOI • $MTSI • $FN • $VIAV • $LPTH Layer 4: $ASML • $BESI • $ASM • $LPKF • $MKS Layer 5: $CAMT • $FORM

MTSI joins the nation in celebrating America's 250th birthday. Wishing everyone a happy Fourth of July! #MTSI #ESOP #USA250 #America250

Many photonics names are down 30-40% from their highs. A great time to revisit the photonics value chain and best positioned businesses: Layer 1: Materials & wafers • $GLW • $AXTI • $IQE • $AIXA • $AMS Layer 2: Core photonic devices • $IPGP • $COHR • $LITE • $LASR • $SIVE • Layer 3: Components & modules • $AAOI • $MTSI • $FN • $VIAV • $LPTH Layer 4: Systems & equipment • $ASML • $BESI • $ASM • $LPKF • $MKS Layer 5: Test, metrology & yield • $CAMT • $FORM • $AEHR • $ONTO • $VIAV

The upcoming CPO / Silicon Photonics Bottleneck Cheat Sheet: $SIVE, Sumitomo, $LITE, $COHR, $AVGO, $MTSI, $AAOI - Light Source (CW DFB Lasers) $TSEM, $GFS, $UMC, $TSM, $INTC - SiPh foundry $NOK, $CIEN, $CSCO, $COHR - DCO $HIMX, FOCI (3363.TWO) - Micro-lens Fiber Arrays $POET - Optical Interposers $SOI, $AXTI, Shin-Etsu - Substrates $FN, $ASX, Innolight, Eoptolink - Optical Packaging and Assembly $MTSI, $SMTC, $MRVL, $MXL - Analog/Mixed-Signal ICs $LWLG - Speculative Modulator Materials. $GLW, $APH, $TEL, $FIT, Fujikura - Connectors and Fibers $FORM, $KEYS, $VIAV, $AEHR- Test & Measurement $BESI, $SMHN, $ONTO, $CAMT - Advanced Packaging & Hybrid Bonding Many are private companies from Lightmatter, Ayar, Ranovus and others. Now... Everyone is asking... How do you profit? If you look at the forecast for CPO TAM, it's a straight line up, and next year is inflection point for CPO mass deployment. The alpha is capturing the rotation: From the current EML bottlenecks ( $LITE, $COHR type) to SiPh / CW DFB architectural winners for CPO. Highest upside potential are the ones that aren't included in current cycles. But that are in the next. Companies like $SOI, $SIVE, or $AEHR are perfect examples. Ride the current pluggable bottleneck like $AAOI. But the alpha is frontrunning institutions with the next CPO bottleneck. The capital rotation is inevitable.

🔌 Copper interconnects inside AI data centers are hitting a wall. At 800G , copper's resistive losses and heat make it physically unscalable for anything beyond a few meters. The industry is already shifting scale-out links to optics — Broadcom, Nvidia, and TSMC are all shipping co-packaged optics in 2026. Scale-up (inside the rack) is next in line. Optical interconnect market: ~$16B in 2024 → projected $34-41B by 2030. The stock map across the photonics stack: 🔹 Layer 1 — Materials & wafers $GLW $AXTI $IQE $AIXA $AMS 🔹 Layer 2 — Core photonic devices $IPGP $COHR $LITE $LASR $SIVE 🔹 Layer 3 — Components & modules $AAOI $MTSI $FN $VIAV $LPTH 🔹 Layer 4 — Systems & equipment $ASML $BESI $ASM $LPKF $MKS 🔹 Layer 5 — Test, metrology & yield $CAMT $FORM $AEHR $ONTO $VIAV Reality check: this isn't "copper is dead." Industry consensus at OFC 2026 is heterogeneity — copper still wins scale-up for now, optics is winning scale-out. But most of these names already ran hard this year and are extremely volatile on any single headline. Not financial advice — just mapping the theme. Which layer has the most room left, or is this already priced in? #Photonics #AI #Semiconductors #DataCenters

许多光子学股票较其高点下跌了30-40%。#FOTO 这是一个很好的时机，重温光子学价值链以及最具优势的企业： Layer 1: 材料与晶圆 • $GLW • $AXTI • $IQE • $AIXA • $AMS Layer 2: 核心光子器件 • $IPGP • $COHR • $LITE • $LASR • $SIVE • Layer 3: 组件与模块 • $AAOI • $MTSI • $FN • $VIAV • $LPTH Layer 4: 系统与设备 • $ASML • $BESI • $ASM • $LPKF • $MKS Layer 5: 测试、计量与良率 • $CAMT • $FORM • $AEHR • $ONTO

BUKELA | KARATE | ALFRED MTSI GAMES | MDANTSANE Izinto zime ngomomu ngalentsasa apha eMdantsane nalapho kuzonqubisana khona amanqela ngamaqela equka nemidlalo ye-karate kwi Alfred Mtsi Games. #BuffaloCity #ACityHardAtWork #ALFREDMTSIGAMES

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