In short: Dean. The pure play on the second theme: as monolithic 1–3 GW sites top out, hyperscalers must bridge sites and "bandwidth needs are going to have to expand almost 15 times." Smartoptics makes the hardware that converts data into light for fibre between data centres plus best-in-class control software, modified to interoperate with Broadcom, Cisco and Arista. "Everyone in Silicon Valley knows them"; a smaller company, listed on Oslo for about four years, headquarters recently moved to Sweden. "Tailor made for the rise of scale-across."
The bet here is on a change in shape, not just size. Today's biggest AI sites are single campuses of 1 to 3 gigawatts. Dean thinks that's near the ceiling — you physically can't get more power to one place, and towns are starting to ban them over water and emissions. So instead of one ten-gigawatt campus you get ten one-gigawatt campuses in different states, and they have to behave as though they were one machine.
That means enormous amounts of data moving between buildings that are hundreds of miles apart, over fibre-optic cable. Dean's estimate is that the bandwidth required goes up about fifteenfold. Smartoptics makes the equipment that turns data into pulses of light to send down that fibre, plus the software that keeps the signal accurate — and, importantly, its kit is designed to interoperate with the Broadcom, Cisco and Arista gear customers already run, rather than demanding they rip it out.
Practical note for a US investor: this is a Norwegian company listed in Oslo (its head office recently moved to Sweden), so you're buying a foreign small cap in kroner, not a US-listed stock.
19:33Everyone in Silicon Valley knows them. They've essentially, their hardware, they modify it to be able to communicate with other providers in that space whether it be Broadcom or Cisco or RITA, and their software is also best-in-class and so also a smaller company but we believe their solutions are pretty much tailor made for the rise of scale across and data centers. — And sorry, what do they do? They control the amount of bandwidth going between different data centers?
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