Citibank TMT: "lasers and optical fibers are being positioned as the "next HBM." I've been talking about lasers like $LITE / $AAOI since 2025... and architectural shifts toward CW, ahead of the current industry consensus. And fully agree with Lightmatter/Citi. Just for reference: For lasers: $LITE / $SIVE / $AAOI / $COHR / $MTSI / Furukawa / Sumitomo are your better known ones. For fiber: $GLW / Furukawa / Fujikura / Sumitomo are your more well-known exposure (obviously a lot more in the supply chain) *disclosure, personal exposure to theme With added commentary that: "Tight supply conditions will support a scarcity premium for these assets." We're already seeing price hikes with lasers as seen with $SIVE channel checks at CIOE 2026 Shenzhen today + $LITE commentary from earnings. So I think the 2027–2028 photonics supercycle will look a lot like memory did in 2025–2026. Especially as optical content/GPU-ASIC goes up significantly per Goldman Sachs revised estimates...

“Indulging the Tate brothers to own the libs is an act of pure nihilism,” @helenlewis wrote in 2025. “Denouncing them should be the easiest test of moral seriousness imaginable, and yet it’s a test that many online influencers are failing in real time.” theatlantic.com/ideas/archiv…

For anyone watching the 25%+ premium in $SKHY versus SK Hynix's Korean shares: The ADRs and local shares become convertible on July 29. Should open the door for arbitrage and likely compress the ADR premium. Maybe lifting Korean shares or pressuring US shares. 2.5% currently is the US ADR stock, so an additional 22.5% can be converted.

Anthropic to IPO as early as October per Bloomberg. This is following their $65B financing at a $965 billion valuation last May. Hmm, would you all invest in Anthropic at a $1T+ valuation?