Echo Chamber

AI Summary: The GaN adoption surge and AI workload expansion will drive significant cost savings, benefiting companies like Navitas Semiconductor. China's gallium export rules further boost non-Chinese producers.

The China gallium restriction angle is underpriced by most retail holders. This isn't speculative geopolitics. The export controls are already in place and tightening. FPLSF being the only meaningful non-China high-purity gallium supplier in the Western supply chain is a real and documented position. The market hasn't priced in what happens when hyperscalers are legally or politically blocked from Chinese gallium.