Sivers qualified as light source for GFS CPO platform, widening funnel and credible logo. Design win to revenue lag will be long.
No news on design wins/orders yet, just optionality for GFS. CPO ramp starting 2027+ with TAM expansion to >$90B in following years.
Yeah, transformational news for $SIVE: $GFS add Sivers' InP lasers to menu of qualified light sources in its SiPh reference designs, incl. their new CPO platform. Mapping to $GFS value chain like: $AVGO, $MRVL, $NVDA. Which widens out $SIVE's funnel massively & gives them a really credible logo qualifying their tech for CPO. Important to note: No news r.e. Design wins/orders yet, just optionality for $GFS to use $SIVE alongside other partners like $MTSI. So: Design win -> revenue lag will be long. Especially with CPO ramp starting 2027+ w/ TAM expansion to upper end of >$90B in the years following (GS). At this point, I'm not sure why a $MRVL doesn't just acquire Sivers + vertically integrate? Or even $COHR / $LITE to consolidate the laser layer?
| Horizon | Raw move | vs SPY |
|---|---|---|
| 1 day | +1.6% | +2.3% |
| 1 week | -11.0% | -8.1% |
| 1 month | -17.4% | -15.5% |
| 3 months | — | — |
| 6 months | — | — |