Lumentum - Truenewj

Applied optoelectronics soars 24%, Lumentum jumps 17%, Coherent rallies 13% as optics trade catches fire

amefika4 weeks ago05 mins

Quick reading Applied Optoelectronics (AAOI) shares rose on strong Q1FY26 earnings, indicating 51% year-over-year revenue growth driven by demand for 800G transceivers for AI data centers. Lumentum (LITE) shares rose as the company’s fiscal third-quarter guidance projects more than 85% year-over-year growth, extending a historic rally in optical networking components. Coherent (COHR) stock rallied on…

Nvidia will invest $2 billion each in Lumentum and Coherent to strengthen AI processors

amefika3 months ago02 mins

March 2 (Reuters) – Nvidia will invest $2 billion each in photonics makers Lumentum and Coherent, as it looks to bolster its data center chips with technology that can better meet the growing need for faster AI processors. Lumentum shares rose 5%, while Coherent rose 9% in early trading following Monday’s announcement. In its most…

Analysts believe this tech stock will drive the next wave of hyperscale growth. They just gave it a new higher street price target.

amefika7 months ago04 mins

Lumentum Holdings (LITE) just received a major vote of confidence from Wall Street as Mizuho initiated coverage with an “outperform” rating and a $290 high price target. The optical components maker is becoming a key player in building artificial intelligence infrastructure, with more than 50% market share in indium phosphide lasers that power advanced AI…