"White-haired stock guru" Serenity: Jabil may be undervalued by the market; its AI optical module business could drive a 40% valuation reassessment.

According to Odaily Odaily, Serenity, the "white-haired stock guru," posted on the X platform that Jabil (JBL), with a current market capitalization of approximately $38 billion, is a very attractive long-term investment opportunity, and the market may not have fully factored 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 and the advantage of taking over Intel's (INTC) pluggable optical module production line, is expected to fully benefit from the demand growth driven by AI infrastructure construction. Compared to the Applied Optoelectronics (AAOI) model, which relies on continuous capital expenditure to expand laser factories, Jabil's model, which focuses on back-end manufacturing and integration, will be more scalable if SIVE and several foundries, including Win Semi, can achieve large-scale laser production. Serenity stated that Jabil currently possesses a supply chain system validated by hyperscale cloud service providers, exhibiting a similar growth logic to Innolight, while also enjoying a valuation premium in the US market. He anticipates that as the market gradually recognizes the relevant opportunities in the first half of 2027, Jabil has approximately 40% upside potential for valuation reassessment. However, he emphasized that he currently does not hold any positions in Jabil and is merely sharing his research insights for investors' reference.