The CPO news isn’t that important


If CPO gets delayed, part of the near-term demand can be absorbed by pluggables, LPO, and NPO-style architectures
Most companies exposed to CPO are also exposed to optical transceivers, which could actually benefit from a delay in CPO adoption. So, stock-wise, it is largely not that significant
For example, companies like Coherent, Lumentum, Fabrinet, Broadcom, Marvell, and others may benefit from CPO over time, but they are also extremely levered to the current AI networking buildout
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