Serenity, known as the "New Stock God," has reiterated a bullish stance on Applied Optoelectronics (AAOI), despite its market cap rising to approximately $13 billion. Serenity attributes this optimism to the surge in AI infrastructure expansion, which has created a supply bottleneck for lasers, enhancing AAOI's long-term value. He also highlighted the potential for AAOI to sign long-term supply agreements with major players like NVIDIA or AMD, which the market has largely overlooked. Serenity noted that if AAOI's revenue forecast for the first half of 2027 reaches $471 million, it would indicate a significant capacity ramp-up. However, he acknowledged the company's $600 million ATM financing plan as a short-term challenge. Serenity emphasized that AAOI's primary issue is no longer demand but its production capacity, making it his most bullish U.S. photonics long position currently.