Skip to report
Next edition in 2416 min Jul 22, 2026, 11:00-23:00 Lisbon
Premarket Alpha Post-Market Alpha

Daily Alpha · Substack

Deep-dive research highlights execution-dependent small caps and the impact of geopolitical export controls on technology hardware.

3letters

Themes on this desk

Export Controls

French regulatory refusal of export licenses is directly impacting the order book conversion for European technology hardware suppliers.

Substack - Outlier Capital

Riber SA thesis for 5-10x return

Riber SA is positioned as a critical equipment supplier for AI optical interconnects and silicon photonics via its MBE technology and new ROSIE platform. The author argues that successful industrialization of ROSIE and sustained production-system volume could drive a 5-10x return over 3-5 years.

The company's valuation already reflects high expectations for growth, shifting the investment case from narrative-driven to execution-dependent.

Watch Conversion of the current systems order book, successful shipment and feedback on the second ROSIE unit, and Q4 2026 BTO/STO sample reception.

Source →
public excerpt