Companies / FN
NYSEFabrinet (FN) in our theses
Fabrinet appears in one of our theses. Below is why it entered the basket and how it has done since publication.
The AI bottleneck moves from chips to the network: all that 1.6 Tb/s of bandwidth hangs on a handful of InP laser makers
The AI boom is shifting the bottleneck from silicon to the network: 1.6 Tb/s modules rest on indium phosphide EML lasers, made by a handful of companies.
Why this company: The dominant contract assembler of top-end optical modules (for Nvidia and Cisco, among others). It grows with volume and complexity as the market moves to 1.6 Tb/s, regardless of whose laser is inside.
What changed in the annual filing
We line the risk section of this year's 10-K up against last year's and keep only what actually changed. Below is the most material change from the latest comparison.
What changed: FN added InnoLight Technology (Suzhou) Ltd. as a direct competitor in optical manufacturing services and added Excelitas Technologies Corp. to its customized optics competitors.
Read it on SEC EDGAR ↗See the full filings radar →
Open in Invesaro →Where these numbers come from
The reference price is recorded on the thesis publication date and never changed afterwards. The current price is refreshed several times a day. Returns are in the listing currency and exclude dividends, so for dividend payers the real total return was somewhat higher.
This is not a recommendation to buy or sell. A company enters a basket as a beneficiary of the mechanism described in the thesis, and the full argument is on each thesis page.
See all of our theses
Each with a publication date, a causal map and a score assigned before the market ruled.
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