The sentiment is long on $AVGO (Broadcom) and $MRVL (Marvell Technology), driven by the belief that the optical components supply chain will benefit from the transition to Co-Packaged Optics (CPO). While CPO faces significant manufacturing hurdles and yield issues—specifically regarding NVIDIA Spectrum-X—Broadcom is positioned as the primary winner over Nvidia once the technology matures. Near-Packaged Optics (NPO) is identified as the likely short-term transitional solution due to the lower complexity and higher yields compared to direct co-packaging.