Woofun AI reports that Serenity addressed the recent decline in photonics stocks, asserting that CPO equities possess genuine revenue backing unlike quantum computing peers. The firm highlighted that LITE's production is booked through 2029, while AAOI, with its US-manufactured CW capacity, targets $1.4 billion in revenue by mid-2027 against a $9.3 billion market cap. Serenity reiterated its bullish outlook on the optical module sector, projecting a ninefold TAM expansion to $154 billion over two years, driven by significant increases in dollar content. Despite near-term volatility, the company stated that supply-demand fundamentals will support price recovery.