The Index
400 dossiers · 1 need attention
A research screener for every company we cover. Search a name or ticker, then sort and triage dossiers by coverage freshness, our conviction and trading relevance.
Optical Computing· 002281.SZ
A genuine top-4 global optical-component IDM riding the AI interconnect wave — but it is the low-margin generalist (~8% net) trading at a specialist multiple after a 5x run, with consensus targets implying ~55% downside. Real franchise, priced for a margin structure it has never earned.
Semiconductors
The purest public-market-bound bet on optical I/O — strategically anchored by Nvidia + AMD + TSMC, but priced at $3.75B into a thesis (third-party CPO chiplets inside the GPU package) that its own anchor investors are simultaneously building in-house.