AI infrastructure spending accelerates as optical module demand surges

The signal here is less about any single earnings beat than about the breadth of the capex cycle: a launch provider's AI unit and a server vendor are both pointing the same direction, which suggests demand is spreading across the infrastructure stack rather than concentrating in a few chip names. Optical modules sit at the least glamorous but most physically constrained end of that buildout, and the shift toward 800G as mainstream with 1.6T ramping implies the bottleneck is moving toward interconnect rather than compute. Whether that mix shift holds through coming quarters, and whether supply keeps pace, is the open question.