Lots of bullish catalysts lining up for optical companies... we own a few of them but the one that I believe has the most upside over the next 2-3 years is $AAOI. After this most recent ATM offering, $AAOI has raised approx $1.7B this year to expand their production facilities in Texas... they're adding ~30 football fields of capacity in order to keep up with demand and hit their targets. In my base case model, I have $AAOI doing $12 of EPS in CY2028, could easily justify at 40x multiple if not higher given the growth rates and margin expansion... in this scenario $AAOI could easily be a $450+ stock in the next 2-3 years. In my bull case model, I have $AAOI doing $16 of EPS in CY2028, could easily justify a 45x multiple given growth rates and margin expansion... this is how $AAOI becomes a $700+ stock in the next 2-3 years If the demand is real then it comes down to execution and their ability to bring capacity online... this team still has alot to prove however they're going to be well positioned to capitalize on this generational growth opportunity.