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NVLink72

Notes: Light is the Future (Pt.1)
Lumentum Holdings

Notes: Light is the Future (Pt.1)

Summary * DeepSeek, Huawei, and then AVGO in 2025 pulled forward the timeline for optical adoption, flipping the “copper-first” consensus and reshaping cluster design priorities. * DeepSeek’s P/D MoE inference shows scale-out fabrics can handle high-performance inference across hundreds of GPUs, reducing the marginal value of ever-larger NVLink scale-up nodes. * Huawei’s optics-first CM384 “superpod” pushes scale-up-like behavior across racks, narrowing the gap with NVDA despite weaker chips
22 min read 24 Dec 2025

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