Lumentum

LITE

Market cap $63.6B

S&P 500 erases Iran war losses as tech stocks rally. A handful of high-momentum names surged over 30% in a month, driving the rebound.

LITE outpaces LASR as AI-driven demand, strong revenue growth and rising estimates outweigh nLIGHT's near-term headwinds from cutting and welding exit.

Three stocks ride AI infrastructure boom as CIEN, GLW, and LITE surge 30%+, backed by massive hyperscaler spending and strong demand outlook.

Leading AI stocks, including Equinix, Taiwan Semiconductor and others continue to gain amid persistent demand for AI infrastructure.

Lumentum stock price has been in a strong bull run and is hovering near its all-time high. It has soared from a low of $36 in 2023 to $897 today.

U.S. stocks settled lower on Friday, with the Dow Jones index falling more than 250 points during the session after the University of Michigan's consumer sentiment index crashed to a record low in April and the March monthly inflation rate printed at 0.9%, the highest monthly increase since June 2022.

The massive amounts of money being spent on AI CapEx is going to continue, says Cory Johnson. He says the data center buildout "is absolutely happening" so companies can capture their corner of the AI market.

Lumentum Holdings (NASDAQ:LITE) has risen 1,691% over the past year, climbing from $50.02 to $896.02.

Lumentum and Coherent shares climbed again after upbeat comments on hyperscaler demand and fresh price-target hikes from J.P. Morgan.

Photonics and laser maker Lumentum's CEO said it's seen such strong AI-driven demand that it could sell out.