AI Infrastructure Value Chain: The PhotonCap Reading List (8/27/2026)

3 reasons might turn Nvidia into a giant AI token foundry before 2031

Andrew Lu on global semis and techs · Coherent · Marvell · SK Hynix

[Investment Map] 22 Listed Companies in the Hybrid Bonding Value Chain

PhotonCap · Samsung Electronics · SK Hynix · Semiconductor equipment

One Interconnect Company, All Three Memory Makers on the Cap Table: Fifteen Months of SK hynix’s CPO Track

PhotonCap · SK Hynix · Broadcom · NVIDIA

The AI Investment Map: From Tokens to Megawatts

Damnang’s Substack · Coherent · SK Hynix · GE Vernova

NVIDIA’s $100B AI loop.

Business Breakdowns · Coherent · Marvell · Broadcom

NPO State of the Union

Chipstrat · Coherent · Marvell · Broadcom

AI Is Replacing Copper With Light

Tech Economics · Marvell · Broadcom · NVIDIA

656: Google vs. Nvidia’s Full Stack, OpenAI’s Spicy Jalapeño, Moderna’s $500K Cancer Bet, Google Maps, I Apparently Like Grok Now, Altman’s AI Bottlenecks, a Tiny AI Scientist, and Metallica

Liberty’s Highlights · Marvell · Broadcom · NVIDIA