Bloom Energy (BE): The AI Data Center Power Bottleneck Play For three years the constraint on artificial intelligence was silicon. If you could secure accelerators, you could build. That constraint has quietly moved. The binding limit on AI capacity today is electricity, and more precisely the ability to get electricity to a specific site on…
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AXT (AXTI): The Indium Phosphide Bottleneck Behind AI Optics Every few quarters the AI buildout finds a new component it cannot get enough of. In 2024 it was high bandwidth memory. In 2025 it was advanced packaging. In 2026 the constraint moved somewhere far less visible: the crystal wafer that high speed laser chips are…
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Tower Semiconductor (TSEM): Inside the Silicon Photonics Bet 1. Introduction For most of its history, Tower Semiconductor was a company investors filed under “specialty analog foundry” and then stopped thinking about. It made image sensors, power management chips, and radio frequency components in older fabs nobody would confuse with a leading-edge logic megafab. In 2022…
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GlobalFoundries (GFS): Silicon Photonics and the Quantum Foundry Bet Every technology ecosystem needs a foundation, and in semiconductors that foundation is the foundry: the company that actually manufactures the chips others design. GlobalFoundries (Nasdaq: GFS) has spent years as the quiet builder in that role, the third-largest pure-play foundry in the world behind Taiwan Semiconductor…
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Marvell (MRVL): The AI Data Center Backbone — Real Business or Trillion-Dollar Narrative? On June 2, 2026, Nvidia CEO Jensen Huang stood on the Computex stage in Taipei next to Marvell CEO Matt Murphy and called Marvell “the next trillion-dollar company.” The stock jumped more than 32% the next day. For a company most retail…
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