Goldman CPO TAM confirmed — ~$91B (59% of a $154B optical-networking TAM by 2028)
Thesis
Goldman CPO TAM confirmed — ~$91B (59% of a $154B optical-networking TAM by 2028)
- Type: thesis-shift (subtype: confirms)
- event_id:
2026-07-01-goldman-cpo-tam-confirmed-91b-59-of-a-154b-optical-networking-tam-by-2028 - Source: Goldman Sachs Research, 'Optical Networking: The Next Mega Trend in AI Infrastructure' (goldmansachs.com/insights)
- Shift: Goldman Sachs Research (public Insights, not the paywalled note) confirms the CPO TAM anchor: co-packaged optics ~$91B = 59% of a $154B optical-networking TAM by 2028 (up ~9x from ~$15B in 2026), assuming 29% scale-out penetration; scale-up ~$106B (69%).
- Effect on thesis: Hardens the CPO leg with a primary-sourced TAM (was a BULLOFBRITAIN/social reference). Companion '$4B lockup' claim could NOT be located/sourced — flagged unverified, dropped.
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