iPerry

Positioning for the future of humanity and machine

[iPerry @0xPerry]

MIT semiconductor researcher Pradyot Yadav just published a must-read War on the Rocks piece on Gallium Nitride (GaN) that highlights a massive vulnerability in the US defense supply chain.

Read his macro thesis here: https://t.co/Z4erzDS50J

But while the market is entirely focused on semiconductors, the optics sector faces the exact same geopolitical threat. And one small-cap company is quietly capturing the solution.

Here is why LightPath Technologies ($LPTH) is the ultimate defense tech proxy right now. 🧵👇

1/ The Geopolitical Chokehold
Yadav notes that China’s 2023 export bans restricted Gallium (the "beating heart" of next-gen radar). What went under the radar? Those same bans restricted Germanium, the bedrock material for thermal and infrared optics (the "eyes" of the military).

2/ The Domestic Alternative
To secure the supply chain, the DoD desperately needs an alternative to Germanium. $LPTH produces a proprietary Chalcogenide glass (Black Diamond™) that perfectly replaces Germanium in thermal imaging, completely bypassing the Chinese chokehold and securing domestic production.

3/ Scaling the Solution
As Yadav argues, the US is not failing at the basic science of critical materials, but at manufacturing scale. $LPTH is actively bridging this gap. They are rapidly transitioning from a fragmented parts supplier into a vertically integrated, high-volume domestic manufacturer of fully assembled optical systems.

4/ Why Now? The Execution Phase
The macro thesis is clear, but the fundamental execution is what makes $LPTH so compelling today:

Hyper-Growth: The company just reported 109% year-over-year revenue growth in Q3 2026, proving the demand for their Germanium alternative is rapidly accelerating.
Massive Visibility: They are currently sitting on a record order backlog exceeding $110 million.
Funding Risk Cleared: On June 2, $LPTH announced a $100 million direct offering. Crucially, $50 million of this is fresh primary capital for the company (priced at $14 per share), fully funding them for working capital and acquisitions without the overhang of imminent dilution.

5/ The Geopolitical Proxy
The DoD is actively looking to inject capital into domestic champions of critical supply chains. If companies like $WOLF and $QRVO are the strategic proxies for GaN, LightPath is positioning itself as the exact equivalent for next-gen defense optics. With their balance sheet fortified and a massive backlog in hand, the execution phase is fully underway.

[Post Fiat @PostFiatOrg]

True
https://t.co/K8YbSmNTuj

[jbulltard @jbulltard1]

The uptrend broke, the market looks awful but the greatest pumper in history says we should not panic. I actually believe him.

[iPerry @0xPerry]

@JollyDinger Tell me what to buy

[iPerry @0xPerry]

@___Dario_____ @chesterzelaya Please explain what you mean by additive machines being bloated

[iPerry @0xPerry]

@DeanTTraining I’m going to buy one of these for the crib. Any brand recommendations or specific piece of equipment?

[🐧 @Pentosh1]

Another Friday night after market hours escalation before another Sunday night and Monday morning peace deal

[iPerry @0xPerry]

@JurassicFndn @web4O @JurassicFi @BAXUSco @solana Hey man @web4O this looks like spam/scam. Probably shouldn’t retweet this stuff now that you’re an advisor to the team.

[CryptoCondom @crypto_condom]

Modern problems require modern solutions

[iPerry @0xPerry]

This is what we call investment banker *magic*

[Ben Gilbert @gilbert]

Now that's a TAM slide right there.

[Cobie @cobie]

if you scared to take a chance, how the fuck we gon get rich?

[Andrej Karpathy @karpathy]

Personal update: I've joined Anthropic. I think the next few years at the frontier of LLMs will be especially formative. I am very excited to join the team here and get back to R&D. I remain deeply passionate about education and plan to resume my work on it in time.

[ibuyrugs @ibuyrugs]

🚨 Leopold Aschenbrenner's 13F just dropped

CHILLHOUSE - $15.7B

[iPerry @0xPerry]

I genuinely didn’t realize VVV is a way to long ai degeneracy.. at a certain point all of the best models will be KYC’d and the rest of society will be stuck using ai to generate personalize porn and doom scrolling content

[Mando @rektmando]

whose gonna tell him?

[Sean Fitzgerald (Actual Justice Warrior) @IamSean90]

Best comment ever on data centers

[iPerry @0xPerry]

@paulswaney3 Looking forward to seeing this

[Bags @0xbags]

“wow equities are ripping, time to position myself in alternative cryptocurrencies before everyone rotates from the assets that go up only into the ones that don’t”

[iPerry @0xPerry]

@firstadopter Absolutely itching to read this if anyone has a copy

[iPerry @0xPerry]

Shhhh we don’t need more competition

[Caleb (OSH Cut) @CalebChamberla6]

71,000 manufacturing businesses changing ownership or closing in the next ten years (per McKinsey)