Short-term income fluctuations don’t matter—the key is whether the photons/lasers in AI data centers can be scaled up. The conference call minutes are the trigger for the next wave of the market—keep a close watch.

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.