AI data infrastructure play — SMTC keeps data moving fast between chips, fixes signal loss at high speeds, enables optical/fiber scaling. Revenue per module growing from ~$5-9 at 800G to ~$80 at 3.2T. Moving up the stack (laser + driver + TIA). Pre-inflection setup, not crowded. Bull target $130-160, full AI cycle $180+. Adding half position now (10 contracts 01/27 $145C at $1,700 each) and half end of week. Alternative: 09/18 $140 calls ($1,000 each).