Ideas
Damnang
Substack author, Damnang’s Substack
GE Vernova's gas equipment backlog and slot reservations hit 116GW against annual capacity of roughly 20GW, with new heavy-duty turbine orders running about three years to delivery and 2030 slots larg
GE Vernova's gas equipment backlog and slot reservations hit 116GW against annual capacity of roughly 20GW, with new heavy-duty turbine orders running about three years to delivery and 2030 slots largely booked.
Risk: Factory throughput caps near-term volume growth, so if turbine capacity expands or interconnection delays normalize, pricing power fades.
Damnang
Substack author, Damnang’s Substack
Vertiv reported Q2 2026 revenue of $3.274B, up 24%, with adjusted operating margin of 22.6%; the article frames thermal as an execution story where demand is proven and backlog conversion is the key v
Vertiv reported Q2 2026 revenue of $3.274B, up 24%, with adjusted operating margin of 22.6%; the article frames thermal as an execution story where demand is proven and backlog conversion is the key variable.
Risk: Backlog conversion could slow, or competitive capacity could compress incremental margins.
Damnang
Substack author, Damnang’s Substack
Lumentum passed $1B in quarterly revenue, pump laser shipments rose more than 80% YoY, EML lead times extend beyond 2027, and NVIDIA made a $2B investment with multi-year purchase commitments.
Lumentum passed $1B in quarterly revenue, pump laser shipments rose more than 80% YoY, EML lead times extend beyond 2027, and NVIDIA made a $2B investment with multi-year purchase commitments.
Risk: CPO adoption could reduce pluggable transceiver and optical component dollar content; the article warns bandwidth growth is not the same as optical revenue growth.
Damnang
Substack author, Damnang’s Substack
Coherent posted fiscal Q4 2026 revenue of $2.05B, up 34% YoY, and was named alongside Lumentum as a recipient of NVIDIA's $2B strategic optical investment and purchase commitments.
Coherent posted fiscal Q4 2026 revenue of $2.05B, up 34% YoY, and was named alongside Lumentum as a recipient of NVIDIA's $2B strategic optical investment and purchase commitments.
Risk: Same CPO architecture risk as Lumentum, and the article notes company dispersion within the optical upcycle is wide.
Damnang
Substack author, Damnang’s Substack
SK hynix disclosed a 56.4% share of HBM revenue in Q1 2026, and the article expects 2027 HBM bit shipments to grow 50-60% yet still fall short of demand, giving suppliers the stronger hand in annual c
SK hynix disclosed a 56.4% share of HBM revenue in Q1 2026, and the article expects 2027 HBM bit shipments to grow 50-60% yet still fall short of demand, giving suppliers the stronger hand in annual contract negotiations.
Risk: Buyers can reduce HBM capacity per accelerator or reallocate system budgets, partially offsetting price-driven dollar content growth.
Damnang
Substack author, Damnang’s Substack
TSMC's CoWoS capacity is expanding toward roughly 120-140K wafers per month, narrowing the supply-demand gap from about 20% to 10%, but 2027 demand could still double and leave a 10-20% shortfall; TSM
TSMC's CoWoS capacity is expanding toward roughly 120-140K wafers per month, narrowing the supply-demand gap from about 20% to 10%, but 2027 demand could still double and leave a 10-20% shortfall; TSMC remains the key packaging bottleneck.
Risk: As packaging catches up, the bottleneck moves upstream to materials like ABF substrate, reducing TSMC's scarcity pricing even as volume grows.
This newsletter, published September 01, 2026,
features Damnang
discussing GEV, VRT, LITE, COHR, 000660.KS, TSM.
6 trade ideas extracted by AI with direction and confidence scoring.
Speakers:
Damnang
· Tickers:
GEV,
VRT,
LITE,
COHR,
000660.KS,
TSM