New Photonics ETF Launches Amidst AI Demand Surge
SanDisk And Micron Had Their Run – This New 'Photonics' ETF Has 15 Triple-Digit Gainers Inside
Benzinga
Image: Benzinga
The Corgi Lithography & Semiconductor Photonics ETF (CBOE: EUV) launched on May 6, 2025, focusing on the photonics sector, which is expected to grow significantly due to AI data center demands. With 15 holdings already showing over 100% gains, the ETF reflects a burgeoning market for optical technologies as traditional copper wiring reaches its limits.
- 01The Corgi Lithography & Semiconductor Photonics ETF launched with $18.4 million in assets.
- 02Fifteen of the ETF's holdings have gained over 100% year-to-date, with some exceeding 650%.
- 03The silicon photonics market is projected to grow from $2.8 billion in 2025 to $10.7 billion by 2032.
- 04Demand for optical interconnects is driven by the increasing capital expenditure of hyperscalers.
- 05Concerns exist regarding the ETF's focus, as many top holdings are not pure photonics plays.
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The Corgi Lithography & Semiconductor Photonics ETF (CBOE: EUV) was launched on May 6, 2025, as the first U.S.-listed fund targeting the photonics sector, which utilizes light for data transfer instead of traditional copper wiring. With $18.4 million in assets, the ETF has seen a lukewarm reception compared to the Roundhill Memory ETF. However, it boasts impressive early performance, with 15 of its 40 holdings already achieving over 100% gains in 2025. Notably, AXT Inc. leads with a staggering 651.7% increase, followed by Applied Optoelectronics Inc. at 440.1% and Lightwave Logic Inc. at 391.7%. The growth in the silicon photonics market is projected to accelerate from $2.8 billion in 2025 to $10.7 billion by 2032, driven largely by the demand from AI data centers. While the ETF is positioned to capitalize on this growth, analysts have raised questions about its composition, suggesting that many top holdings are more aligned with semiconductor manufacturing than pure photonics. This has led to the filing of additional ETFs with stricter definitions to better capture the photonics market.
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