There is a "hair-raising" story in the market right now...

Everyone says that optical stocks are in a bubble. But take a look at the market capitalization figures:
• Lumentum Holdings ($LITE): ~$78 billion USD
• Coherent Corp. ($COHR): ~$79.2 billion USD
• Applied Optoelectronics ($AAOI): ~$16.3 billion USD
• Corning Inc. ($GLW): ~$179.2 billion USD
👉 Total approximately $352.7 billion USD.
Sounds big? But all of the above combined are still less than half of Micron Technology's ($MU) market cap.
Meanwhile, just SanDisk ($SNDK) alone has a market cap of about $200 billion USD.
It can be said that optics is only in the early stage of a much larger cycle.
{alpha}(560x8b6acf6041a81567f012ff6a4c6d96d5818d74bf)