Daily Alpha · Substack
· Midday Alpha · by Buzzberg Research
Outlier Capital argues AXT sits on the indium phosphide substrate bottleneck behind AI lasers, and QTR's Fringe Finance sees money rotating away from speculative AI.
Outlier Capital argues AXT owns the InP wafers every AI laser needs
The author says the market still treats AXT as a small, cyclical semiconductor materials supplier with China risk, while its last earnings call showed it is one of the few pure-plays on the substrate bottleneck.
It reframes AXT from a cyclical materials supplier to a merchant owner of an AI optics input.
Source →QTR's Fringe Finance sees a rotation away from speculative technology and AI
Writing Thursday morning, the author noted Dow futures green while Nasdaq futures were down roughly 0.5%, a divergence the author says supports a predicted rotation away from speculative technology and AI-related investments.
The author argues the beneficiaries of questioning AI spending may not be the companies everyone expects.
Source →Rooster Global Portfolio Mastery Club re-entered Netflix in its US Sumo portfolio
The post discloses the Netflix re-entry without price, position size, catalyst or rationale.
Source →