RT Investing visuals
A breakdown of the photonics value chain and best positioned business:

Layer 1: Materials & wafers
• $GLW
• $AXTI
• $IQE
• $AIXA
• $AMS

Layer 2: Core photonic devices
• $IPGP
• $COHR
• $LITE
• $LASR
• $SIVE

• Layer 3: Components & modules
• $AAOI
• $MTSI
• $FN
• $VIAV
• $LPTH

Layer 4: Systems & equipment
• $ASML
• $BESI
• $ASM
• $LPKF
• $MKS

Layer 5: Test, metrology & yield
• $CAMT
• $FORM
• $AEHR
• $ONTO
• $VIAV

Investing visuals: Photonics stocks are going parabolic:

• $LITE +1621%
• $AAOI +1434%
• $COHR +529%
• $CRDO +377%
• $VIAV +353%
• $FN +281%
• $MTSI +189%
• $MRVL +186%
• $IPGP +136%
• $POET +127%

THE HBM sector could grow from $4B in 2023 to $130B by 2033 according to Bloomberg.

These companies are set to benefit:

The Big 3:
$MU | Micron
$SSNLF | Samsung
$HXSCL | SK Hynix

Ecosystem:
$ASML | ASML
$TSM | TSMC
$INTC | Intel
$AMD | Advanced Micro Devices
$NVDA | Nvidia

Advanced Equipment Suppliers
$BESI | BE Semiconductor
Hanmi Semiconductor
Disco Corp

Packaging:
$AMKR | Amkor
ASE Technology Holding
JCET Group

Design and IP
$RMBS | Rambus
$CDNS | Cadence Design Systems
$SNPS | Synopsys

Others:
$MRVL | Marvell
Fujitsu
Powertech Technology
$AMAT | Applied Materials
$KLIC | Kulicke and Soffa

HBM Supply Chain Overview

$MU - Micron
$HXSCL - SK Hynix
$SSNLF - Samsung
$TSM - TSMC
$NVDA - Nvidia
$AMD - Advanced Micro Devices
$SNPS - Synopsys
$BESI - BE Semiconductor Industries
$AMAT - Applied Materials
$AVGO - Broadcom
$MRVL - Marvell
$DD - DuPont
$MSFT - Microsoft
$GOOGL - Alphabet
$META - META
$LCRX - Lam Research

RT TacticzHazel
HBM Supply Chain Overview

$MU - Micron
$HXSCL - SK Hynix
$SSNLF - Samsung
$TSM - TSMC
$NVDA - Nvidia
$AMD - Advanced Micro Devices
$SNPS - Synopsys
$BESI - BE Semiconductor Industries
$AMAT - Applied Materials
$AVGO - Broadcom
$MRVL - Marvell
$DD - DuPont
$MSFT - Microsoft
$GOOGL - Alphabet
$META - META
$LCRX - Lam Research