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I will only provide some historical data with laser bottlenecks:
• $LITE has increased from $3B to $15B to $80B over 2 years starting from 2024.
• $AAOI has increased from $770M to $15B over 1 year starting from 2025.
• $SIVE is currently $1.6B today in 2026.
There are not many worldwide, and lasers are the absolute center of photonics.
Each has a specific bottleneck due to changes in optical architecture.
• $LITE for EML.
• $AAOI for cw 800g/1.6T pluggable
• and now $SIVE for cw CPO.