789 million opportunity pipeline, 77% in a single quarter—this growth curve is more impressive than the contract revenue itself. The photon mass production logic is finally starting to materialize.

Serenity is once again bullish on Sivers Semiconductors, focusing on future growth rather than short-term contract revenue. The opportunity pipeline has grown by 77%, reaching $799 million, with an extraordinarily strong quarter-over-quarter growth rate. The company expects this growth to continue to accelerate as it advances photonics/laser mass production in AI data centers, validating the logic behind photonics mass-production growth. The next step will be to focus on organizing and indexing the earnings call transcript; it will be a key signal for judging future trends, and the overall outlook is very positive.