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Open original source ↗I mean $LITE / $COHR did have $NVDA funding $2B for their buildout.
But Lumentum seems primarily self-funded from operating cash flow. So I'd expect $AAOI to follow suit once they start ramp up around H1 2027.
2026 is just that high capex buildout period. My criticism was over visibility and financing methods during this timeframe.