"White-haired Stock God" Serenity: Mizuho Research Confirms No Delays in CPO and 800V DC Deployment, Recent Sector Sell-off Is Purely Accidental

BlockBeats News, June 17 — “Bai Mao Gu Shen” Serenity reposted Mizuho Securities’ latest research report and commented that the recent concentrated sell-off of CPO concept stocks is completely a foolish misjudgment by the market.

The Mizuho research report points out that the market’s concerns about delays in the mass production of Co-Packaged Optics (CPO) and lagging deployment of 800V DC are unfounded; both technological paths are progressing as scheduled, with mass production still expected between 2028 and 2029. Driven by NVIDIA’s CPO switch (3.2T Spectrum-X), for which mass demand is expected in 2027, Mizuho simultaneously raised its shipment forecast for Optical Engines (OE).

On the technical side, Mizuho believes that InP DFB lasers remain the long-term mainstream direction for CPO, naming $SIVE as a beneficiary; VCSEL and microLED technology have yet to be fully validated in short-distance and chip-to-chip connectivity scenarios above 1.6T within racks and are unlikely to become mainstream alternatives in the short term. For 800VDC data center deployment, incremental shipments are expected to begin in 2027, with penetration rates increasing further in 2028.

The Senior Vice President of NVIDIA’s networking division also publicly denied any delay regarding the Spectrum-X Ethernet CPO switch, confirming that mass production and client deliveries will proceed as scheduled in the second half of 2026.