SLOIF · Soitec S.A.Soitec S.A.

Soitec is a monopoly in silicon photonics substrates for CPO, with inflection late 2027-2028; AXT experiencing InP supply squeeze now.

Soitec is a functional monopoly bottleneck for CPO, but near-term drag from smartphones and capex cycle suggests waiting for a better entry, possibly early next year.

Soitec is a monopoly on CPO substrates with a multi-bagger potential (2-3x) in a year as CPO demand scales in 2027-2028; current lack of demand is temporary and the market will eventually frontrun the cycle.

Soitec is a monopoly over CPO substrates, with potential catalyst from NVDA investments in COHR and LITE. Expecting 2-3x return over a year, but market needs to price in CPO.

Soitec is a singular monopoly in CPO substrates with western supply chain advantages, set for re-rating as CPO approaches.

Bullish on Soitec (SLOIF) for CPO exposure, citing monopoly on SOI substrates, depressed valuations (1x book, 2x P/S), and upcoming NVDA GTC catalyst. Expects 3x return from current price of ~43.

High conviction on Soitec for CPO exposure, limited downside risk, massive upside potential, waiting for catalyst from NVIDIA GTC.

Soitec has massive upside potential from CPO (co-packaged optics) with limited downside risk; personal projection of 400% return by late 2027.

Soitec has a substrate-level monopoly over silicon photonics and CPO architectures, providing a long runway for growth despite recent price increase.

Soitec is the Western monopoly over silicon photonics and CPO substrates, and the stock has already moved up significantly since the thesis was posted.

No qualifying thesis event for 45+ days.