I know everyone’s watching $NVIDIA(NVDA.US) earnings right now…

But did you know Landmark signed a 4 year CW agreement with US customer to ensure “sufficient supply”?

So now you have:

- $Lumentum(LITE.US) (capacity gone)

- $Coherent Corp.(COHR.US) (capacity gone)

- Landmark (capacity committed)

- $Applied Optoelectronics(AAOI.US) (capacity for transceivers)

- $Macom Tech(MTSI.US) (not online)

- $Semtech(SMTC.US) (limited)

I remember saying earlier this year CW lasers would be the next optical shift and heavily bottlenecked by Nvidia?

So fun watching this play out, with players signing LTAs already to 2030 (signaling less availability for other players).

Implications for $SIVE / Win Semi are very material as one of the few remaining CW merchant suppliers with capacity (+ CPO-grade lasers).

Let’s see how they execute.