USA | Semiconductors Equity Research October 16, 2025 OCP Takeaways: NVDA Ahead but Spotlight was on AMD, Optical Remains Constrained The announcements around OCP capped a series of announcements over the last few weeks led by OAI, highlighting significant AI deployments over the next several years. Options are clearly broadening out beyond NVDA, but the larger driver is simply the lack of compute available, which should benefit all. The AI space couldn't get any hotter, with hundreds of billions of dollars ...