"New Stock God" Serenity's recent outlook overview: Neocloud track shows the highest confidence in NBIS, focusing on the three major leaders in European silicon photonics

BlockBeats News, June 4th, “New Stock God” Serenity’s recent public views and buy/sell call targets are as follows:

NBIS (Nebius)

Serenity defines Nebius as “the most confident choice in the Neocloud track,” believing it is “the purest asymmetric opportunity in AI infrastructure.” In June 2026, NBIS’ stock price has risen from about $84 last year to $260, with a market cap of $66 billion. He remains bullish on a long-term breakthrough beyond $100 billion. Serenity points out that NBIS ranks first in the Neocloud track, surpassing competitors such as IREN and CRWV. Its core advantages are that it avoids several major pain points faced by competitors—no full-stack execution uncertainty, no high-interest debt, and revenue certainty at scale driven by very large customer contracts. In addition, NBIS is also included in NVIDIA’s investment portfolio and in Leopold Aschenbrenner’s fund Q1 holdings, reflecting consensus among top-tier capital.

Google AI capital expenditure upstream ecosystem (LITE / AVGO / MediaTek / TSM / MU)

Regarding the $80 billion AI capital expenditure financing announced by Google’s parent company Alphabet (including $40 billion of ATM issuance, $30 billion of stock, and Berkshire Hathaway’s $10 billion investment), Serenity believes it will benefit the upstream ecosystem supply chain, specifically including companies such as Lumentum (LITE), Broadcom (AVGO), MediaTek, TSMC (TSM), and Micron (MU). However, he also cautions that for Google shareholders, such a large-scale capital expenditure is not fully supported by free cash flow, and the impact may not necessarily be positive. This view continues the narrative logic of his re-focus on the “key bottleneck” in AI infrastructure.

AAOI

Serenity lists AAOI as one of his most favored U.S. photonics stocks, believing that if investors are looking for “the next SanDisk,” AAOI could be the relevant target. He judges that the revenue acceleration inflection point for photonics-related companies will occur when the first half of 2027 transitions into the second half, and that the market typically prices in future growth about 8 months in advance. Currently (second half of 2026), it is still slightly ahead of the industry capacity-building stage; the key is to wait for the timing and to withstand volatility in the interim. AAOI has recently attracted market attention regarding the possibility of signing long-term agreements with NVIDIA or AMD—this would be a key signal to validate its “SanDisk” potential.

SIVE (Sivers Semiconductors)

SIVE, the CPO leader that Serenity is heavily positioned in, saw multiple decisive positive developments in June 2026. First, SIVE announced a strategic partnership with GlobalFoundries (GFS). Its laser arrays will be integrated into GF’s silicon photonics platform and the SCALE optical engine reference design, making Sivers lasers the default light source in GF’s silicon photonics ecosystem, targeting a $2.5 billion market for pluggable optics by 2030. Serenity calls this collaboration “the most decisive event in history.” In addition, Ayar Labs has officially joined NVIDIA’s NVLink Fusion ecosystem. With SIVE serving as Ayar Labs’ publicly announced laser partner, it provides high-precision InP laser arrays, bringing it into NVIDIA’s optical infrastructure supply chain. Serenity notes that SIVE’s lasers have become the functional industry-standard lasers for CPO, pluggable modules, and silicon photonics, directly benefiting AI chip giants using the related foundries (NVDA, AVGO, AMD, MRVL, etc.).

XFAB

Serenity is calling for XFAB, believing it has “a severe mismatch between valuation and assets.” XFAB’s market cap is about $1.7 billion, while POET’s is about $2.4 billion, but XFAB owns core assets that far exceed its market value: it is one of the few SiC/GaN/MEMS/silicon photonics foundries worldwide that has secured funding under both the EU CHIPS Act and the U.S. CHIPS Act, and its current valuation is even below reset price-to-book value. Serenity lists its differentiated advantages: NVIDIA and Nokia are evaluating its pre-commercial silicon photonics production lines, with production ramp expected from 2027 to 2028; the company leads the expansion of Europe’s photonics supply chain and works deeply with core institutions such as IMEC, CEA-Leti, Ligentec, and Smart Photonics; its customers include Nano Micro Semiconductors, Power Integrations, and Lite-On. Serenity specifically cites an official qualitative statement from the U.S. Department of Commerce: “XFAB is the only high-capacity silicon carbide foundry in the U.S.” He believes it has scarce strategic value amid trends such as trade barriers and supply-chain localization.

Europe’s Three Major Silicon Photonics Leaders (Soitec / Siltronic / XFAB)

Regarding the EU Chip Act 2.0 proposal, Serenity interprets that the proposal will formally incorporate photonics into the EU semiconductor strategic framework, constituting a thematic positive for the photonics industry. The policy focus points are CPO and interconnect technologies for AI data centers, the application of silicon photonics in high-bandwidth data center interconnects, and manufacturing technologies such as co-packaging and heterogeneous integration for photonic integrated circuits—directly benefiting SIVE and XFAB. Serenity especially highlights the three major leaders in Europe’s silicon photonics value chain: Soitec and Siltronic, as Europe’s core SOI wafer companies, are directly named in the policy impact analysis; XFAB is listed as part of the existing funded framework, further confirming its leading position in Europe’s silicon photonics value chain. He predicts that as the policy framework takes effect, the relevant targets may gradually release specific information within the next 3 to 15 months.