$VECO
veeco instruments4/10Does he own it?
No first-person buy/hold/add/size statement for VECO anywhere. It appears only in lists of supply-chain picks and as the duopoly reference point for Riber. The one positions disclosure clearly refers to Riber, not VECO. He even says machine sellers like VECO are not his preferred exposure.
His thesis
VECO is framed as an under-the-radar semiconductor equipment maker (laser annealing for HBM/memory; MOCVD and MBE systems for photonics and quantum). He positions it as a beneficiary of the memory supercycle and a photonics/quantum capex cycle, and repeatedly cites it as one half of a duopoly with Riber in MBE. Throughout, it serves as supporting context for his preferred upstream bottleneck plays rather than a flagged conviction holding.
How his view evolved
Started as a small-cap memory supply-chain name, then reframed around the photonics ramp as an MOCVD/MBE supplier, and finally settled into a recurring role as the duopoly comparator anchoring his Riber thesis. He tempered enthusiasm, saying equipment sellers are not the best exposure.
Key points
- Recurring duopoly-partner reference for Riber, not a standalone pick
- Tied to memory, photonics, and quantum equipment capex cycles
- He explicitly prefers other names over machine sellers like VECO
Derived from a holistic read of his public posts — paraphrased, never quoted. See his actual posts about $VECO on X ↗