Dossier · SANM · Dormant
SANM
Last analysed · · source: decision_window
Current thesis
[Stage 1 WATCH] EMS chip-adjacent post-Q2 beat, RSI 83 parabolic, no dossier — cluster covered by larger names
Invalidation trigger
revisit on next decision_window
Thesis status
Open commitment scored if the trigger above fires How this is scored →Current Thesis
_(no analysis yet — pending first synthesis or watchlist research)_
Bull Case
_(pending)_
Bear Case
_(pending)_
Setup & Price Structure
_(pending)_
Catalyst Calendar (next 30 days)
_(pending)_
What Would Change Our Mind
_(pending)_
Correlation Notes
_(pending)_
Related · shared themes
MRVL
Google-Marvell TPU/AI-chip partnership talks (2026-04-20) just added a third hyperscaler ASIC customer on top of AWS Trainium + MSFT MAIA — narrative velocity stepped up overnight, and Q1 FY27 print ~2026-05-28 is the binary that either validates the custom-silicon royalty story or breaks it.
CLS
AI-hyperscaler networking picks-and-shovels narrative re-accelerating as sell-side chases higher (BofA $430, JPM $410, Cowen $350 all raised in last 4 sessions), but Q1 2026 print inside 7 trading days = binary gate. Defer aggressive sizing until post-print reaction confirms.
SMTC
AI-connectivity pick-and-shovel: CopperEdge ACC attaches to every GB200/GB300 rack. Two PT hikes in 72h (B. Riley $122, Benchmark $120) + spotlight-list mention signal pre-print re-rate; 2026-06-04 FQ1 FY27 print is the binary, with hyperscaler capex commentary 2026-04-23 to 2026-05-01 as the accelerant.
AMKR
Picks-and-shovels AI-packaging play (#2 global OSAT, Arizona CHIPS-Act fab + Apple multi-year deal) but narrative is MATURING not accelerating, OSAT margin structure caps re-rating, and Q1 '26 earnings are inside the 3–10 trading-day binary window (historical print late-April). Defer until post-print setup.