The Rosenblatt conference had so much alpha on $AAOI. One of the most significant updates: On earnings a couple weeks ago mgmt said capacity was basically booked through Q2 2027. Today Stefan said: “We’re really sold out at least through second half of next year and beyond.” So demand visibility just extended by roughly 2 more quarters+. And look at the capacity ramp below. They are going from a little over 200K 800G/1.6T units per month today → 650K+ by YE26 → 930K+ by YE27. And they’re telling us that capacity is already spoken for. Even crazier, Stefan said additional large hyperscalers have already approached them, but AAOI has to be careful taking them on because they simply don’t have enough capacity.