RT Mauro
A lot of people seem to think photonics has already had its big run.
They’re missing the next leg.
Stocks like $AAOI and $LITE exploded on the current 800G pluggable wave — a lot of that growth is now priced in.
The real next chapter is CPO - (Co-Packaged Optics).
CPO solves the massive power and heat problems in AI data centers way better than today’s pluggables. Hyperscalers are already designing their future clusters around it. The big ramp will be 2027–2028.
The companies that actually enable CPO — $SIVE (critical lasers), $SOI (substrates), $TSEM (foundry), $AEHR (testing) — are still trading at valuations that don’t reflect how big this shift can become.
CPO is the layer where the next major move in photonics will come from IMO.
A lot of people seem to think photonics has already had its big run.
They’re missing the next leg.
Stocks like $AAOI and $LITE exploded on the current 800G pluggable wave — a lot of that growth is now priced in.
The real next chapter is CPO - (Co-Packaged Optics).
CPO solves the massive power and heat problems in AI data centers way better than today’s pluggables. Hyperscalers are already designing their future clusters around it. The big ramp will be 2027–2028.
The companies that actually enable CPO — $SIVE (critical lasers), $SOI (substrates), $TSEM (foundry), $AEHR (testing) — are still trading at valuations that don’t reflect how big this shift can become.
CPO is the layer where the next major move in photonics will come from IMO.
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