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原文：
How https://t.co/pkCKZ7zIrK

翻译：
如何 https://t.co/pkCKZ7zIrK

原文：
Goldman Sachs in their recent note upgraded their global optical module market forecast to:

- $67.7 billion (+33% revision) for 2026
- $131.4 billion (+81% revision) for 2027
- $148.5 billion (+115% revision) for 2028

For $NVDA Rubin Ultra, GS increased its modeled optical modules per GPU:

1.6T: 0 -> 2
3.2T: 3 -> 5

GS also raised their 1.6T and above forecast for 2027 by 61%... so that's also very material, with 80% silicon photonics penetration rate estimated.

So more optical content per chip = a lot more CW lasers, more SOI substrates, happy optical companies.

翻译：
高盛在最新报告中上调了全球光模块市场预测至：

- 2026 年 $67.7 billion（+33% 修正）
- 2027 年 $131.4 billion（+81% 修正）
- 2028 年 $148.5 billion（+115% 修正）

针对 $NVDA Rubin Ultra，GS 将每颗 GPU 的光模块模型从：

1.6T: 0 -> 2
3.2T: 3 -> 5

GS 还将 2027 年 1.6T 及以上的预测上调了 61%……这也非常重要，预计硅光子渗透率为 80%。

因此，每颗芯片的光学内容增加 = 更多 CW 激光器、更多 SOI 衬底，光学公司将受益。

原文：
Think optical rally today from $SIVE to $AAOI was kinda multifaceted.

Goldman Sachs upgraded their optical forecast:

$67.7 billion (+33% revision) -> $131.4 billion (+81% revision) -> $148.5 billion (+115% revision) from 2026 -> 2028.

- According to the report, the 1.6T silicon optical module uses four 70mW CW Lasers, with a total value of $15-20 ($3.75–5/laser) EML uses 8 200G EML, which is about $160.
- Reported 80% SiPH penetration (good for $SOI) and four CW lasers per 1.6T module
- Rubin Ultra moves from three 3.2T modules/GPU to five, plus two 1.6T modules (more optical content per chip)
- $GOOGL TPU v9 adds another substantial source of demand.

Basically: Much higher TAM revision, more optical content per chip (really really good for laser companies)

$QCOM deal with $AMZN adds another layer for 1.6T related demand, which was explicitly included. Qualcomm had some optical acquisitions recently so that's probably related.

Same with $GLW for fiber (but different parts of the supply chain)

翻译：
我认为今天从 $SIVE 到 $AAOI 的光学行情有点多面性。

高盛上调了他们的光学预测：

- 根据报告，1.6T 硅光模块使用四个 70mW 连续波激光器，总价值 $15-20（每个激光器 $3.75–5），EML 使用 8 个 200G EML，约 $160。
- 报告称 SiPH 渗透率为 80%（对 $SOI 有利），每个 1.6T 模块配备四个连续波激光器。
- Rubin Ultra 从每 GPU 三个 3.2T 模块提升到五个，并增加两个 1.6T 模块（每颗芯片的光学内容更多）。
- $GOOGL TPU v9 带来另一大需求来源。

基本上：TAM 大幅上调，芯片光学内容增加（对激光公司非常非常有利）。

$QCOM 与 $AMZN 的合作为 1.6T 相关需求再添一层，这一点已明确计入。Qualcomm 最近进行了一些光学收购，可能与此有关。

对 $GLW 的光纤业务也是如此（但属于供应链的不同环节）。