丹南光学投资地图 v1.0 - 丹南的 Substack --- Damnang's Optical Investment Map v1.0 substack.com/@damnang/p-194722823 Substack These days the market is drowning in words like optical, silicon photonics, and CPO. But most investors know the keywords without actually seeing the full picture of the value chain behind them. 如今市场上充斥着"光通信"、"硅光"、"CPO"等热词，但多数投资者只知概念，却看不清背后完 整的产业链图景。 Some people look at Coherent and Lumentum and think they understand optics. Others hear CPO is the future and go hunting for related stocks. But op ...