Serenity: The industrial layout of Nvidia and Huang Renxun is a leading indicator of AI trends

Serenity said that Nvidia and Huang Renxun released signals of future industry trends in advance, and the market often ignores these signals before the trend breaks out. When Nvidia locked in EML and laser production capacity in 2025, the market questioned the photonics track. Subsequently, Lite rose 678%, and AAOI rose 475.12%. In 2026, Nvidia will lock in continuous wave (CW) laser and EML production capacity through long-term agreements, promote the transformation of 800V power architecture, and emphasize that co-packaged optics (CPO) and Physical AI will become important trends.