---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/42085614.md"
description: "$Applied Optoelectronics(AAOI.US)IMO the photonics theme + continuous wave laser bottleneck is top-tier.It's really like the market has short-term memory loss, forgetting that $Lumentum(LITE.US) $Lumentum(LITE.US) has skyrocketed from $3 billion in 2024 to over $65 billion now.Because $NVIDIA(NVDA.US) $NVIDIA(NVDA.US) caused the EML bottleneck and forced an architectural change.What we're actually seeing today is the same thing, the continuous wave laser + 1.6T/CPO shift, with Nvidia signing long-term agreements everywhere.Now, amd$AMD(AMD.US)$AMD(AMD.US) + other cloud service providers are scrambling for the remaining sporadic resources with large long-term agreements for continuous wave lasers + optical components.Goldman Sachs research forecasts the optical TAM in 2028 to be about 9-10x $154 billion, and the CPO TAM jumping from almost 0 to $91 billion in just two and a half years.Don't magically disappear because of a month's trading volatility.$Applied Optoelectronics(AAOI.US) has a market cap of about $13 billion, $SIVE about $3 billion, other continuous wave laser players look strategically very valuable.Next year I think we'll look back and say, "Why didn't I learn from Nvidia's EML the first time and pick up continuous wave laser-related stocks!"Then likely in 1-2 years there will be some new small trend, like microled or quantum dots, and we'll see the same thing replay.I think Sumitomo's prediction is correct, that continuous wave laser share + silicon photonics becomes the mainstream/dominant architecture.Personally, I'm just focused on that bottleneck, as you can see with $Schroder Oriental Income Fund LTD GBP(SOI.UK)$SOI, $Tower Semicon(TSEM.US), $SIVE, and other stocks."
datetime: "2026-06-23T03:41:58.000Z"
locales:
  - [en](https://longbridge.com/en/topics/42085614.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/42085614.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/42085614.md)
author: "[Sereniity](https://longbridge.com/en/profiles/12875084.md)"
---

# $Applied Optoelectronics(AAOI.US)IMO the photonics…


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- [AAOI.US](https://longbridge.com/en/quote/AAOI.US.md)
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- [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md)
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## Comments (9)

- **beinso · 2026-06-23T06:44:05.000Z**: Stock talk, I've lost everything.
- **新用户_c0HerF · 2026-06-23T06:39:13.000Z**: Calling naive investors to get in again
- **Joey_invests · 2026-06-23T06:27:15.000Z**: Upgraded to the translated version 🤣
- **买好股快速致富 · 2026-06-23T05:09:05.000Z**: Junk stocks Optical communications
- **王自由 · 2026-06-23T04:15:46.000Z**: Is it me?
  - **打死不买中概** (2026-06-23T06:01:39.000Z): Do you think she herself will come to this small platform?
  - **灵感菇** (2026-06-23T06:39:16.000Z): Repost
  - **麥田守望者** (2026-06-23T15:18:06.000Z): The names are all different.