$MU ripped because HBM was the bottleneck nobody could ship fast enough.

$LITE just confirmed the same setup in lasers.

$LITE CEO on Bloomberg this morning:
“Completely sold out. There’s no end in sight.”

Booked through early 2029. ~70% of demand unmet on some products through 2027. Still 30% short into 2028.

Six months ago the sold-out date was 2028. Demand pushed it out a full year.