Editing Openai/69109937-2170-8005-9304-da49840bb5b9 (section)

==== - It doesn’t prove that the ramp will be smooth; institutions can and do mis-time early-growth hardware names (ask anyone who bought Infinera at IPO). ====
* It doesn’t lock the floor at $7 — if the macro or AI-optics sentiment sours, the stock can dip well below their cost basis temporarily.
* It also doesn’t tell us their time horizon — some might hold 18 months, some 3 years.

So $7 isn’t a “value anchor,” but it is a data point: smart-money investors saw asymmetric risk/reward above current trading levels (≈ $5½).