AI Compute & Optical Infrastructure Beneficiary

Korea Investment & Securities: Optical Value Chain 1. Compute and switch silicon $NVDA, $AVGO, $MRVL 2. Switch, router and DCI systems $CSCO, $ANET, $NOK, $CIEN 3. SiPh foundry $TSM, $GFS, $TSEM 4. InP substrate and epi $AXTI, $5016.T, $002428.SZ, $3081.TWO, $2455.TW 5. Optical modules and transceivers $300308.SZ, $300502.SZ, $002281.SZ, $AAOI 6. Laser and optical semiconductor parts $COHR, $LITE, $6503.T, $5802.T, $5801.T, $688498.SS, $4979.TWO, $MTSI, $SMTC 7. Connectors and FAU (optical and copper) $GLW, $5803.T, $APH, $TEL, $300570.SZ 8. EMS and optical engine assembly $CLS, $JBL, $FN 9. Interconnect semiconductors $ALAB, $CRDO, $MXL 10. Assembly, alignment and test equipment $6857.T, $TER, $KEYS, $VIAV, $0522.HK, $6754.T