What are the top stocks in the Networking / Optical bubble?

QuantAbundancia maps 7 primary stocks to the Networking / Optical bubble: ANET, ALAB, AAOI, CIEN, COHR, CRDO, LITE.

What ETFs carry the Networking / Optical thesis?

1 ETF on QuantAbundancia carry the Networking / Optical thesis: AIS.

How correlated are Networking / Optical stocks?

The Networking / Optical bubble's primary members co-move with a 252-day average correlation of 0.47 across 21 pairs — decent co-movement.

← all bubbles

Networking / Optical

Moving bits between tens of thousands of GPUs — optical is non-negotiable.

0.470avg corr (252d)

0.31 / 0.71min / max

21pairs

7primary stocks

1etfs

Decent co-movement

Stocks

ANETArista Networks, Inc.
Datacenter switching leader.
$141.32
ALABAstera Labs, Inc.
Astera Labs ??? AI cluster interconnect (CXL, Aries retimers).
$230.00
$186fib+24%
AAOIApplied Optoelectronics, Inc.
Applied Optoelectronics ??? datacenter optics.
$189.00
$112fib+69%
CIENCiena Corporation
Optical systems, DCI.
$551.80
COHRCoherent Corp.
Optical components, transceivers.
$380.65
$249fib+53%
CRDOCredo Technology Group Holding Ltd
Credo Technology ??? high-speed optical SerDes.
$171.50
$148fib+16%
LITELumentum Holdings Inc.
Optical components.
$953.90
$615fib+55%
Adjacent (secondary)
AVGOBroadcom Inc.
Silicon for switches/optical.
$423.57
$336fib+26%
MRVLMarvell Technology, Inc.
DPUs + optical silicon.
$174.92
$126fib+39%
AXTIAXT, Inc.
InP / GaAs compound-semi wafers — upstream feed for optical transceiver chains (COHR/LITE/CIEN). $100M+ AI-optical backlog, $632.5M raise funding Tongmei capacity doubling. Secondary tier — single-stock 2x ETF (AXTX) means stock moves are flow-distorted vs the bubble core.
$122.80
CRWVCoreWeave, Inc.
Classifier 2026-05-07: extended tier, corr 0.43 to networking-optical centroid (29 obs, 2nd: space 0.423). is_primary_bubble=FALSE.
$106.81
$96fib+11%
CSCOCisco Systems, Inc.
Classifier 2026-05-07: extended tier, corr 0.47 to networking-optical centroid (29 obs, 2nd: datacenter-power 0.336). is_primary_bubble=FALSE.
$118.00
POETPOET Technologies Inc.
Photonic interposer / co-packaged-optics narrative play — cheapest-lottery-ticket screen on the bubble's CPO theme (NVDA Spectrum-X, AVGO 200G/lane SiPh, ANET Etherlink). Q1 FY26 rev $503K + $50M Lumilens PO announced 2026-05-14. Tertiary tier — dev-stage with $1M TTM revenue, ~2650× P/S; bubble-correlated via CPO headlines but structurally one hop from the production transceiver flow.
$15.85

Correlation matrix (252d)

	COHR	LITE	CIEN	ANET	AAOI	ALAB	CRDO
COHR	·	0.71	0.68	0.42	0.56	0.41	0.41
LITE	0.71	·	0.65	0.31	0.53	0.34	0.37
CIEN	0.68	0.65	·	0.42	0.51	0.41	0.40
ANET	0.42	0.31	0.42	·	0.38	0.54	0.48
AAOI	0.56	0.53	0.51	0.38	·	0.39	0.38
ALAB	0.41	0.34	0.41	0.54	0.39	·	0.60
CRDO	0.41	0.37	0.40	0.48	0.38	0.60	·

Ticker order reflects hierarchical clustering assignment. Tighter green blocks on the diagonal = stronger sub-clusters within the bubble.

ETFs carrying the thesis

AIS
VistaShares Artificial Intelligence Supercycle ETF
VistaShares
—

Sub-clusters

COHRLITE
CIEN
ANET

Frequently asked questions

What are the top stocks in the Networking / Optical bubble?: QuantAbundancia maps 7 primary stocks to the Networking / Optical bubble: ANET, ALAB, AAOI, CIEN, COHR, CRDO, LITE.
What ETFs carry the Networking / Optical thesis?: 1 ETF on QuantAbundancia carry the Networking / Optical thesis: AIS.
How correlated are Networking / Optical stocks?: The Networking / Optical bubble's primary members co-move with a 252-day average correlation of 0.47 across 21 pairs — decent co-movement.