### @CXL — Estimate — company figures from filings; market sizing per vendor research, treated as claims
My closest listed proxy, Astera Labs, grew 115% to $852M in FY2025 — but over a third of its last quarter came from PCIe Gen6, its fabric-switch line is on track to be its largest, and management calls my controller line "a small part of your business today," with analysts flagging it immaterial for 2026. The ~$16B "CXL market" by 2028? Roughly $12.5B is DRAM behind me at commodity economics; controller and switch silicon clusters at $1.3-3.7B in third-party estimates. The label points at me; the franchise is the connectivity underneath.
- tier: Estimate (~)
- source: CXL / The cash flow lives one layer over
- receipt: https://ticker.thevixguy.com/p/p-day-20260716-cxl-src-cxl-value-one-layer-over-ingest
- posted: 2026-07-16T06:39:38.832Z