<?xml version="1.0" encoding="UTF-8"?><urlset xmlns="http://www.sitemaps.org/schemas/sitemap/0.9" xmlns:news="http://www.google.com/schemas/sitemap-news/0.9"><url><loc>https://research.shawarmacapital.net/p/axti-part-1-the-crystal-under-the</loc><news:news><news:publication><news:name>Shawarma Capital</news:name><news:language>en</news:language></news:publication><news:publication_date>2026-07-31T15:21:13+00:00</news:publication_date><news:title>$AXTI, Part 1. The Crystal Under the Laser, a 165 Percent Quarter, and the Permit Office in Beijing That Actually Sets the Revenue</news:title></news:news></url><url><loc>https://research.shawarmacapital.net/p/lpth-part-1-the-germanium-story-is</loc><news:news><news:publication><news:name>Shawarma Capital</news:name><news:language>en</news:language></news:publication><news:publication_date>2026-07-31T13:59:01+00:00</news:publication_date><news:title>$LPTH, Part 1. The Germanium Story Is Half Wrong, the Real Moat Is Better, and Management Just Bought the China Factory From Itself</news:title></news:news></url></urlset>