$MRVL drops $115B to acquire $LITE → InP (Indium Phosphide) capacity scarcity is back on the table.
Northland immediately upgrades: $COHR target $280 (+40%), $AAOI target $120 (+92%). 800G/1.6T and CPO can't bypass InP. Only a handful of players left who can produce it. Everyone's a hot commodity now.
Next M&A targets to watch: $MTSI, $MXL (Driver/TIA/DSP chipsets).
Northland immediately upgrades: $COHR target $280 (+40%), $AAOI target $120 (+92%). 800G/1.6T and CPO can't bypass InP. Only a handful of players left who can produce it. Everyone's a hot commodity now.
Next M&A targets to watch: $MTSI, $MXL (Driver/TIA/DSP chipsets).