---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000972687.md"
description: "Nomura: Based on our estimates, the data center InP substrate supply should grow from 856K in 2026F to 2.49 million units in 2028F, a CAGR of 70%. $AXT(AXTI.US)"
datetime: "2026-11-05T20:05:11.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000972687.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000972687.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000972687.md)
author: "[Equity research](https://longbridge.com/en/profiles/2071818324550963200.md)"
generator: "portal-rs"
---

# Nomura: Based on our estimates, the data center In…


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**