Serenity phân tích vai trò tiềm năng của Sivers như điểm nghẽn ngành CPO

The Huoxing Finance report states that on June 4, "New Stock God" Serenity published an analysis suggesting that as co-packaged optics (CPO) technology is expected to enter a large-scale deployment phase in the second half of 2027, Sivers Semiconductors (SIVE) may simultaneously assume the roles of both an industry bottleneck and a critical node. It notes that supply of continuous wave (CW) lasers has already shown signs of strain. Due to prior orders related to NVIDIA, production capacities of Japanese Sumitomo Electric, Furukawa Electric, and Win Semi are already highly saturated. Sivers, which operates under a fab-lite model, has effectively secured substantial final supply of CW lasers by locking in production capacity from foundries such as Win Semi in advance. The analysis indicates that multiple CPO pathways—including those from Ayar Labs, Jabil, Marvell Celestial, and other hyperscale cloud providers' ASIC projects—rely heavily on Sivers’ laser solutions, with no mature alternatives available in the short term, giving Sivers a structural "chokepoint" position within the entire ecosystem. Additionally, Sivers serves as the default reference laser design for GlobalFoundries, with ecosystem participants including AMD and multiple CPO chip suppliers. Except for firms like NVIDIA and Broadcom that possess vertical integration capabilities, most ASIC and commercial CPO projects are likely to revolve around Sivers. Serenity estimates that as the CPO market scales from nearly zero to between $81 billion and $91 billion over the next approximately 18 months, Sivers could replicate Lumentum’s growth trajectory and potentially become a company with a market capitalization of around $75 billion in the coming years. However, these views represent only the personal judgment of market analysts.