Ren Xuan Huang: ‘Demand is enormous. Everything across the entire industry supply chain—from wafers to silicon photonics to cable connectors—is in short supply.’ The leading stocks in this sector are all quite high, and they’re all well-known names. The industry logic has completely evolved from the early days of ‘hyping the GPU concept’ to ‘seeing who can truly solve the physical bottleneck of computing power delivery.’