Good advice; eyes on the prize!

If one reads Lisa Thompson's full report, it is full of analyst conservatism. Companies love to "beat the analysts' projections", so they are trained to be conservative, especially with small caps like POET.

For instance, the growth rates of the module markets, lifted from a trade magazine. This does not take into account that the POET products, with their state-of-the-art partners, will drastically lower the energy costs, size required per bit, heat reduction and the cost per bit in CAPEX of the data centers. Meanwhile, CAPEX is exploding to deploy new hyperscale data centers with better hardware. This is not a straight line expansion, it is a tsunami for all things that aid in acheiving the goals for AI.

With POET's obvious advantages and capable large partners, a small market share estimate is just plain wrong, though in keeping the "analyst speak".

So, in summary, the market will grow much faster and POET's share should be large, of that larger market. Margins should be superior as well, even while giving great value to the customers, due to POET's "semiconductorization" of photonics. 

Lisa's reports are well organized and add a veil of legitimecy to POET's efforts, but if I had to guess, she may be undershooting the mark by an order of magnitude or more. She was more on base when she showed Celestial AI's potential at $800M a year once that comes to full production. 

I'm estimating that Lisa's $100M is laughably low, and $4B is not out of the question for 2027's gross sales. Mitsubishi, Luxshare, Foxconn, CAI and add in the rest; these partners are in-it-to-win-it.