Correction-BUZZ-Reports say Lumentum's optical communication products for AI servers are sold out until 2029, driving its stock price higher
路透社2026/10/09 13:47Correction on point 4: Nvidia separately invested $2 billion each in Lumentum and Coherent, rather than a combined investment. October 9 – Shares of photonics product manufacturer Lumentum (LITE.O) surged 6.4% in pre-market trading to $1,114.54. According to Bloomberg, the CEO of LITE stated that as tech companies seek faster AI data center infrastructure, the company's optical device orders are fully booked through early 2029. CEO Michael Hurlston said that by 2027, LITE will be unable to fulfill about 70% of demand for certain products, and by 2028, about 30% of demand for other products will still not be met. Lumentum and its peer Coherent (COHR.N) each received a $2 billion investment from the AI leader Nvidia (NVDA.O) earlier this year. COHR shares recently rose 4.9% in pre-market trading. As of Thursday's close, Lumentum shares have gained 184.5% year-to-date.
Correction to point 4: Nvidia invested 2 billion USD each in Lumentum and Coherent, not a combined investment
October 9 - ** Photonics product manufacturer Lumentum (LITE.O) saw its pre-market share price surge by 6.4% to 1,114.54 USD
** According to Bloomberg, the CEO of LITE stated that as technology companies seek faster AI data center infrastructure, the company's optical component orders are fully sold out through early 2029
** CEO Michael Hurlston said that by 2027, LITE will not be able to meet about 70% of the demand for some products, and by 2028, around 30% of the demand for other products will still remain unmet
** Lumentum and its peer Coherent (COHR.N) earlier this year each received a 2 billion USD investment from AI leader Nvidia (NVDA.O) (link)
** COHR's pre-market share price recently increased by 4.9%
** As of Thursday's close, Lumentum's share price had gained a cumulative 184.5% this year
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