May. 20 at 4:43 PM
$MRVL — Initiated a position on 5/20/2026
Building more exposure to the Semiconductor/Photonics layer of next-gen AI infrastructure.
My view: AI capex is entering a multi-year expansion cycle, and optical networking, Silicon Photonics, Co-Packaged Optics (CPO), and high-speed interconnects will become increasingly critical as AI clusters scale.
Photonics is no longer a science project. It’s becoming core AI infrastructure.
I believe institutional capital rotates through AI infrastructure in phases:
Phase 1 = GPUs / HBM / Memory
Phase 2 = Optical Networking / Connectivity
Phase 3 = Silicon Photonics / CPO / ELS
I think Phase 2 is already underway while Phase 3 is beginning to emerge.
That’s why I added
$MRVL alongside existing positions in
$SIVEF and
$NOK.
Competition and execution risk remain high, but long term the industry direction looks increasingly clear to me.
Bullish long term. Buying volatility.
The future looks bright for
$MRVL. Pun intended.