AI | Semiconductors | Commodities, Mint Finance

Raghav Vashisht

AI | Semiconductors | Commodities

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Thematic (Sector/Industry)

<ul>
<li>Lumentum converted AI-optics demand into 50.4% gross margin and positive cash flow; Coherent and Fabrinet grew quickly, but their capacity and inventory builds consumed it.</li>
<li>CPO demand has not moved out, but 2026 revenue sits in pumps, DCI, 200G EML, 1.6T and OCS rather than scaled co-packaged engines.</li>
<li>The optical build is already generating revenue before scaled CPO, but the economics are splitting sharply across the laser, integrated-system and manufacturing layers.</li>
</ul>


Lumentum converted AI-optics demand into 50.4% gross margin and positive cash flow; Coherent and Fabrinet grew quickly, but their capacity and inventory builds consumed it.
CPO demand has not moved out, but 2026 revenue sits in pumps, DCI, 200G EML, 1.6T and OCS rather than scaled co-packaged engines.
The optical build is already generating revenue before scaled CPO, but the economics are splitting sharply across the laser, integrated-system and manufacturing layers.


Before CPO: Optics Earnings Are Already Separating Scarcity From Volume

CEO / Founder, Crea8

Kim-Hwa Lim

CEO / Founder

Make an Impact

Crea8

Crea8 blends AI-driven precision, big data scalability, and rigorous quantitative frameworks with seasoned human insight. By extracting actionable intelligence from vast global datasets, we eliminate emotional bias and deliver optimal risk-adjusted returns. Our hybrid approach uncovers hidden market efficiencies and ensures your capital is dynamically positioned across markets.

Cross Asset Strategy

<ul><li>The strategy seeks to invest in a subset of stocks owned by globally renowned fund managers, but limited to those that are Shariah compliant. </li><li>The fund managers followed are: Berkshire Hathaway Inc (Warren Buffet, Greg Abel) , Duquesne Family Office LLC (Stanley Druckenmiller), etc</li><li>By adopting a portfolio of stocks instead of individual stocks, the strategy is diversified across  countries and industries; and optimised with respect to their expected risks and returns.</li></ul>

The strategy seeks to invest in a subset of stocks owned by globally renowned fund managers, but limited to those that are Shariah compliant. The fund managers followed are: Berkshire Hathaway Inc (Warren Buffet, Greg Abel) , Duquesne Family Office LLC (Stanley Druckenmiller), etcBy adopting a portfolio of stocks instead of individual stocks, the strategy is diversified across  countries and industries; and optimised with respect to their expected risks and returns.

Global Top Fund Managers (Shariah) Portfolio (18-Aug-2026)

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Corning Inc. reported a robust third quarter for 2025, demonstrating strong financial performance and strategic advancements across its business segments.</li><li>However, there are both positive factors and challenges that potential investors might want to consider when evaluating their investment in Corning.</li><li>Positively, Corning posted a year-over-year sales growth of 14% to $4.27 billion and an impressive 24% increase in earnings per share (EPS) to $0.67, with the operating margin expanding by 130 basis points to 19.6%.</li></ul>

Corning Inc. reported a robust third quarter for 2025, demonstrating strong financial performance and strategic advancements across its business segments.However, there are both positive factors and challenges that potential investors might want to consider when evaluating their investment in Corning.Positively, Corning posted a year-over-year sales growth of 14% to $4.27 billion and an impressive 24% increase in earnings per share (EPS) to $0.67, with the operating margin expanding by 130 basis points to 19.6%.

Corning Unveils What’s Next in Solar, Optical, and Auto Tech – Investors Take Note!

Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

<ul>
<li>Global fiber optic cable demand is entering a structural upcycle driven by 5G densification, AI data center buildouts, and national broadband mandates. </li>
<li>Three domestic manufacturers, <a href="https://www.smartkarma.com/entities/sterlite-technologies-ltd" target="_blank" data-smartkarma-citation="entities:10121:1" rel="noopener">Sterlite Technologies (SOTL IN)</a>, <a href="https://www.smartkarma.com/entities/hfcl-ltd" target="_blank" data-smartkarma-citation="entities:1386:1" rel="noopener">HFCL Ltd (HMFC IN)</a>, and <a href="https://www.smartkarma.com/entities/finolex-cables-ltd" target="_blank" data-smartkarma-citation="entities:11606:1" rel="noopener">Finolex Cables (FNXC IN)</a>, are positioned directly in the path of this demand surge.</li>
<li>The India OFC story is early-cycle, policy-backed, and supply-constrained. With BharatNet Phase III, 5G backhaul demand, AI-driven data center, the next 36-months could be defining for Indian fiber cable manufacturers.</li>
</ul>


Global fiber optic cable demand is entering a structural upcycle driven by 5G densification, AI data center buildouts, and national broadband mandates. 
Three domestic manufacturers, Sterlite Technologies (SOTL IN), HFCL Ltd (HMFC IN), and Finolex Cables (FNXC IN), are positioned directly in the path of this demand surge.
The India OFC story is early-cycle, policy-backed, and supply-constrained. With BharatNet Phase III, 5G backhaul demand, AI-driven data center, the next 36-months could be defining for Indian fiber cable manufacturers.


Optical Fiber Cable, 5G, and AI: The 3-Wave Demand Surge for India's Cable Manufacturers

Podcast On the Business of Semiconductors, The Circuit

The Circuit

Podcast On the Business of Semiconductors

A Podcast On the Business of Semiconductors. With Jay Goldberg and Ben Bajarin

<ul><li>Ben discusses statistics related to Meta's deal with Corning for fiber optics, highlighting the massive amount of optical fiber involved</li><li>Ben emphasizes the importance of neocloud companies like Nebius and Core Weave diversifying their customer base beyond hyperscalers like Amazon, Microsoft, and Google</li><li>Ben is working on a thesis about neocloud companies and their long-term sustainability, particularly focusing on the need for them to attract their own customers outside of the hyperscalers</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Ben discusses statistics related to Meta's deal with Corning for fiber optics, highlighting the massive amount of optical fiber involvedBen emphasizes the importance of neocloud companies like Nebius and Core Weave diversifying their customer base beyond hyperscalers like Amazon, Microsoft, and GoogleBen is working on a thesis about neocloud companies and their long-term sustainability, particularly focusing on the need for them to attract their own customers outside of the hyperscalersThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

EP 153: Nebius and Neocloud Insights, WFE + Memory Madness, Networking Upside

United States

Corning Incorporated is a global, technology-based company. The Company produces optical fiber, cable, and photonic components for the telecommunications industry, as well as manufactures glass panels, funnels, liquid crystal display glass and projection video lens assemblies for the information display industry.

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Corning Inc (GLW US)

Before CPO: Optics Earnings Are Already Separating Scarcity From Volume

Lumentum is converting constrained laser supply into margin and cash, while Coherent and Fabrinet are still funding the capacity, inventory and...

Mint Finance

Global Top Fund Managers (Shariah) Portfolio (18-Aug-2026)

The strategy seeks to invest in a subset of stocks owned by globally renowned fund managers, but limited to those that are Shariah...

Crea8

Corning Unveils What’s Next in Solar, Optical, and Auto Tech – Investors Take Note!

Corning Inc. reported a robust third quarter for 2025, demonstrating strong financial performance and strategic advancements across its business...

Baptista Research

Optical Fiber Cable, 5G, and AI: The 3-Wave Demand Surge for India's Cable Manufacturers

Global fiber optic cable demand is on the rise due to 5G, AI data centers, and national broadband mandates, benefiting Indian manufacturers like...

Nimish Maheshwari

EP 153: Nebius and Neocloud Insights, WFE + Memory Madness, Networking Upside

Ben discusses statistics related to Meta's deal with Corning for fiber optics, highlighting the massive amount of optical fiber involved Ben...

The Circuit

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52-week Range

Market Cap (USDm)

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Dividend (Yield)

Before CPO: Optics Earnings Are Already Separating Scarcity From Volume

Lumentum is converting constrained laser supply into margin and cash, while Coherent and Fabrinet are still funding the capacity, inventory and...

Mint Finance

Global Top Fund Managers (Shariah) Portfolio (18-Aug-2026)

The strategy seeks to invest in a subset of stocks owned by globally renowned fund managers, but limited to those that are Shariah...

Crea8

Corning Unveils What’s Next in Solar, Optical, and Auto Tech – Investors Take Note!

Corning Inc. reported a robust third quarter for 2025, demonstrating strong financial performance and strategic advancements across its business...

Baptista Research

Optical Fiber Cable, 5G, and AI: The 3-Wave Demand Surge for India's Cable Manufacturers

​Global fiber optic cable demand is on the rise due to 5G, AI data centers, and national broadband mandates, benefiting Indian manufacturers like...

Nimish Maheshwari

EP 153: Nebius and Neocloud Insights, WFE + Memory Madness, Networking Upside

Ben discusses statistics related to Meta's deal with Corning for fiber optics, highlighting the massive amount of optical fiber involved Ben...

The Circuit

Global fiber optic cable demand is on the rise due to 5G, AI data centers, and national broadband mandates, benefiting Indian manufacturers like...