Home Earnings Analysis Tech  Summary Let me start with dessert. The first red flag that I see is valuation, as ALAB trades at 72x forward earnings, making it the priciest name among its closest peers. The second red flag that I see is the Amazon warrant deal, which I perceive as an intricate customer discount program. That said, I am bullish on the stock and I own a small position. The Scorpio product line is the main pillar to the growth story, with management expecting it to become the largest product line by year-end 2026. Additionally, the optical pipeline could expand silicon content beyond $1,000 per XPU, in my view, supporting double digit growth through 2026 and 2027.…