Daily Alpha · Substack
· Premarket Alpha · by Buzzberg Research
The decision-useful public bodies paired a larger optical-switching opportunity with a patient crypto entry framework.
Themes on this desk
Optical switching demand
Lumentum's CEO says the consensus $8 billion OCS market estimate is materially too low as orders expand into GPU scale-up networks.
Patient crypto re-entry
Fidenza Macro thinks Bitcoin has likely bottomed but prefers waiting for a stagflation-driven backfill rather than chasing the current range.
Lumentum CEO signals OCS market is significantly larger than consensus
Lumentum CEO Michael Hurlston stated that the consensus $8 billion estimate for the Optical Circuit Switching (OCS) market is 'significantly under called,' citing increased orders and expansion into GPU scale-up applications.
Suggests a larger growth runway for merchant OCS suppliers like LITE than current market forecasts account for.
Watch Monitor future OCS revenue guidance from LITE and updated industry forecasts from Cignal AI.
Source →BTC outlook: bottom likely in, but patience advised
Geo Chen argues the crypto bottom is in after BTC held $60k despite multiple negative catalysts, but warns against chasing current levels, suggesting a potential backfill of the $65k-$80k move if a stagflationary shock occurs.
Indicates a shift from bearish to neutral-cautious, favoring a dip-buying strategy over immediate entry.
Watch Monitor for stagflationary economic data that could trigger a risk-off move in crypto assets.
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