STOCKS | Serenity Says It Remains Bullish on High-Conviction AAOI Long

Serenity said in a post on X that it remains optimistic about a high-conviction long position in Applied Optoelectronics (AAOI). According to Odaily, Serenity said AAOI has scarce laser capabilities sought by hyperscalers such as AMD, and that the broader industry is constrained by Nvidia-related bottlenecks. Serenity said AAOI has a U.S. transceiver supply chain for mass production of 800G and 1.6T products. It added that with demand far exceeding supply and assembly outsourced to Asia, AAOI had quoted monthly revenue of $471 million for the second half of 2027, which it said would correspond to a $5.6 billion annualized run rate at a $13.5 billion market capitalization. Serenity also said that many major inflection-point trading volumes may arrive later in 2028. On volatility, Serenity said an active $600 million at-the-market offering could be used at unpredictable times, and that sporadic bearish commentary and macroeconomic factors could also trigger additional volatility. It added that it is currently one year away from its target and that the timeline remains at an early stage.