AOI is entering the phase where capacity turns into cash. With its Texas 800G lines ready and 1.6T orders in hand, management raised full-year guidance. Amid laser component shortages, AOI's vertical integration is set to be its biggest growth driver in 2026.

The star of GTC Taipei wasn't Vera Rubin, but Jensen Huang's new definition of computing: agentic AI is a computer taken completely apart. Once compute is disaggregated, the optical links that stitch it back together turn from a cost item into the critical path to revenue. The real signal hides in one line: every watt is revenue.