Serenity said it seeks market-mispriced, non-publicly structured information, citing Raspberry Pi’s stronger-than-expected growth model and arguing AXT’s role in the InP supply chain is underestimated.
RPI shares have risen from 283 GBX to 983 GBX since investor Serenity published its investment thesis, a gain of 247%. Serenity said the move was supported by Raspberry Pi’s latest guidance, which indicated core profit is expected to significantly exceed market expectations because of strong AI-related demand. Expanding on its investment style, Serenity described an approach focused on judging market-mispriced, non-publicly structured information. It cited Raspberry Pi as an example, saying its private model projected revenue growth of about 55% against the market’s 14%, with actual results later coming in at 58%. Serenity also argued that AXT is undervalued, saying the market has underestimated the company’s roughly 40% share of the InP supply chain. It added earlier that its X-FAB thesis remains under verification.