Yes $AAOI had a massive InP substrate purchase order earlier, and I don’t believe all of that is going toward transceiver lasers that Rosenblatt modeled. I believe have the similar 60%+ GM UHP laser capabilities that $COHR $20B LTAs and $LITE $5B LTAs are primarily for. While having a MC of <$5B and we’ll see some announcements there later. As for $SIVE, it’s mainly about qualifications given they have the capacity now with foundries + 100m laser expansion plan. $MRVL + $LITE gives it an extremely clear window of opportunity as well, alongside current laser bottlenecks for qualifying players like $CRDO, Innolight, Cambridge, and hyperscalers. We’ll see what new partners they announce in earnings this month. Given both their tiny $600m, ~$4.9B MCs, I would not be surprised if their 2028 revenue exceeded their valuations. Reply to @ThePivotDad: @aleabitoreddit Given COHR's outlook, has your conviction in $AAOI and $SIVE strengthened?(Historical earnings: For fiscal 2026FY (period ended 2026-06-27), Lumentum reported basic and diluted EPS of -92.96 and net income of -USD 6.935 billion. Consensus expectations: For the upcoming 2027Q1 report, consensus expects EPS of 4.223 and revenue of USD 1.254 billion.)