$AAOI

Does he own it?

Repeated explicit first-person disclosures: states he went long near $28 last year, kept averaging up, calls it one of his largest photonics positions and favorite US optical long, and lists explicit "disclosure, own aaoi" multiple times. Clear holder, not just coverage. No numeric weight ever given.

His thesis

AAOI is the only pure Made-in-America vertically integrated optical transceiver play, doing laser fab, design, and assembly in-house (Texas). Hyperscalers are reportedly buying any 800G/1.6T capacity it can make, with management guiding to roughly $378-471M/month revenue by H1 2027 (~10x growth) at 30-40% margins. He frames it as the photonics equivalent of an early SNDK or an optical INTC, with huge re-rating potential from a few-billion to tens-of-billions market cap if execution delivers. Main risk is execution/capacity ramp plus repeated dilutive ATMs.

How his view evolved

Started as a small speculative "waiting game" tied to Maia/Trainium. Conviction jumped sharply after the late-Feb blowout capacity projections, becoming a high-conviction core long. He held through volatility, dilution, and macro selloffs, repeatedly averaging up from ~$28 to $150-200+.

Key points

• Explicitly owns and keeps averaging up; calls it a top US optical long
• Bull case: Made-in-America vertically integrated transceivers, hyperscaler demand sold out, ~10x revenue ramp by 2027
• Key risks he acknowledges: execution on capacity and serial dilutive ATMs ($500-600M)

Derived from a holistic read of his public posts — paraphrased, never quoted. See his actual posts about $AAOI on X ↗