BlockBeats News, June 17th, Serenity responded to the bearish sentiment on the optoelectronics company AAOI on social media, stating that it still maintains a high-confidence bullish stance and believes that the market's pessimistic expectations for the stock are skewed.

The core logic revolves around the structural supply-demand gap in the AI infrastructure chain: he pointed out that the current industry is facing constraints in high-end lasers and optical module production capacity, while AMD and large cloud providers continue to see increasing demand for high-speed optical interconnects. At the same time, the overall AI computing power ecosystem is still constrained by the supply bottleneck dominated by NVDA.

This view believes that the U.S. has a key capacity advantage in the 800G/1.6T optical module and related transceiver supply chain locally, but the overall supply and demand situation is still significantly tight, with some high-end packaging and assembly processes relying on Asian outsourcing.

In terms of performance expectations, the investor mentioned that the company may reach an annualized revenue scale of around $560 million by 2027 (estimated at the ARR level) and believes that the current market value has not fully reflected the long-term growth potential. Additionally, some key volume cycles may extend to 2028.

At the same time, this view points out short-term volatility risks, including potential ATM equity issuance financing and sentiment fluctuations driven by industry news. It also believes that reports and market rumors about competitors such as LITE may have a spillover impact on the entire optical communication sector.

Overall, the bullish narrative still bets on the "optical interconnect bottleneck" in the AI computing power expansion cycle and believes that the current market underestimates the medium to long-term growth pace.