A market growing at over 100% per year — from roughly $15 billion to more than $150 billion in just a few years — sounds far-fetched.

But that’s exactly what current research suggests for optics and photonics in the AI infrastructure boom.

And it’s not happening in isolation.

Google, Amazon, Microsoft — the hyperscalers — are still pouring billions into data centres, networking, and compute. Optics sits right at the centre of it all.

This isn’t just another tech cycle.

It’s infrastructure.

In fact, you could argue it’s the largest infrastructure buildout in modern history. So large it’s already pushing up costs in unexpected places, even flatbed trucking rates, as massive components move from factory to site.

From transport and logistics… to memory, storage, compute… to optics and photonics.

Every layer is being built out at once.

And that creates opportunity.

I break it all down in today’s video, including where I see the biggest upside.

Best,

Sam Volkering
Investment Director, Southbank Investment Research