The differentiation we are witnessing is the classic split between physical infrastructure and compute enablement.
YOFC is riding a magnificent highly profitable cyclical wave driven by a supply shortage of physical glass.
Innolight is riding a structural boom driven by the insatiable exponential scaling of machine intelligence.
In this round of optical frenzy, both are winning but they are actually different. YOFC is digging the trenches while Innolight is building the warp drive.
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- LisaEffieΒ·08-27 17:14Not really who is better, just different profit pools. Innolight gets the premium from tighter technical moats and cleaner AI demand visibility, while YOFC is still more cyclical on glass supply.LikeReport
- EmilyMarkΒ·08-27 17:14That trillion-yuan premium already prices in a lot. I care more about whether the next three years of earnings growth can truly outrun the multiple.LikeReport
- 1PCΒ·08-27 22:42Nice Sharing π @Barcode @JC888 @Shyon @Aqa @DiAngel @Sherniceθ»ε¬£ 2000LikeReport