AI Optics Plus Power

The idea

I believe hyperscaler data center spending keeps climbing toward a trillion a year, but the real bottleneck is physical: moving data with light and getting power and cooling into the building. So this owns both chokepoints, weighted toward optics for its upside since parts are scarce and prices rise with each new generation, with power and cooling as the steadier half backed by years of signed orders. I keep a small cash buffer to add on dips, since both halves lean on the same hyperscaler budgets. If that capex spending gets cut, I would rethink the whole idea.