“White Hair Stock God” Serenity: Jabil May Be Undervalued by the Market, AI Optical Module Business Could Drive a 40% Valuation Revaluation

Odaily reported that the “White Hair Stock God” Serenity posted on platform X, stating that Jabil (JBL), with a current market cap of approximately $38 billion, represents an attractive long-term investment opportunity. The market may not have fully priced in the potential value of its 1.6T LRO pluggable optical module business.

By the first half of 2027, the industry bottleneck may no longer be insufficient demand, but rather the capacity constraints of upstream key supplier SIVE. Against this backdrop, Jabil, with its mature global supply chain system and the advantage of taking over Intel's (INTC) pluggable optical module production line, is well-positioned to benefit from the demand growth driven by AI infrastructure construction. Compared to the model of Applied Optoelectronics (AAOI), which relies on continuous capital expenditure to expand laser factories, if SIVE, along with multiple wafer fabs including Win Semi, can achieve mass production of lasers, Jabil's model of focusing on backend manufacturing and integration will be more scalable.

Serenity stated that Jabil currently has a supply chain system validated by hyperscale cloud service providers, possessing a growth logic similar to Innolight, while also enjoying a valuation premium in the U.S. market. He estimates that as the market gradually recognizes the relevant opportunities in the first half of 2027, Jabil has about 40% room for valuation revaluation. However, he emphasized that he currently holds no position in the stock and is only sharing his research ideas for investors' reference.