If you zoom out on the semiconductor sector, the message becomes pretty clear.

WSTS projections point to a massive expansion cycle:

2026 semiconductor market around $1.5T, up about 90% YoY, heavily driven by memory.

2027 around $1.9T, another strong +27% YoY growth.

Memory specifically is where things get extreme:

2026 around $800B, up about 250% YoY.

2027 around $1.1T, still showing +32% YoY growth.

That's not a slow cycle; it's acceleration with supply constraints still in play. In that kind of environment, pricing power tends to shift sharply in favor of $SanDisk Corp.(SNDK)$ , $Micron Technology(MU)$ , SK hynix, and Samsung.

Even optoelectronics is picking up speed into 2027, with growth re-accelerating to around $46.4B. Names like $Lumentum(LITE)$ , $COHERENT(COHR)$ , $Applied Optoelectronics(AAOI)$ , and substrate players like AXT are positioned within that broader wave.

It's hard to argue against the trend when both demand and pricing are pointing in the same direction.