Did you remember my $AXTI InP substrate bottleneck call last year anon?
IntelliEPI CEO (Q1 2026 ER):
"The InP substrate shortage is a bottleneck for the entire AI infrastructure"
Digitimes: "Taiwan's IntelliEPI warns of severe indium phosphide supply shortage"
I said as photonics ramps: There was going to be a major InP bottleneck as all the next-gen AI architectures go optical.
This was most goated call with AXT as the upstream chokepoint.
I'm usually a few months ahead of time, but they play out directionally.
While I'm sitting in existing bottlenecks up 1800%+, I'm long CPO as the next major supercycle.
Just reiterating my disbelief:
I have never seen a sector more bullish than CPO.
GS reported Optical TAM 9X from $15b in 2026 -> US$154b in 2028
CPO making up $91B of that.
Starting from ~$164M (Modor for 2026 / sampling) to $91 Billion (GS 2028)
55,000%+ CPO growth curve starting from today
This is exactly why algorithms / analysts mess up because they might look at TTM revenue at these CPO names.
But everything happens in the next two years with $SIVE to Shunsin to MSSCorps to $SOI.
This is Zero to 100 from a massive architectural shift pushed by $NVDA.
I genuinely still don't think retail or markets understand what's coming yet.