Serenity: AMD Emergency Seizes CW Laser Supply, AAOI, SIVE to Benefit

**June 16 Industry Update: NVIDIA Expands Supply Lock Strategy to CW Lasers** Serenity’s June 16 report notes NVIDIA has fully secured all available EML production capacity, triggering an industry-wide supply bottleneck. The chipmaker is now deploying the same strategy to lock up continuous-wave (CW) laser capacity—primarily through partnerships with LITE and COHR, plus potential long-term supply agreements with MRVL and Celestial. Meanwhile, AMD is urgently racing to source CW laser supplies, but AMD, Amazon (AMZN), Meta (META), and other hyperscalers reacted too slowly, leaving them facing severe supply constraints. Per Serenity’s supply chain analysis: Top players like Lumentum and Coherent are already tied to EML contracts, leaving very few independent merchant suppliers (including AAOI, MTSI, and SIVE). This has intensified competition for limited remaining resources, positioning independent CW laser-focused firms AAOI and SIVE as key beneficiaries.