Movement Alert｜Lumentum Overnight Rise 3.01%, Optical Component Orders Sold Out to Early 2029 Amid AI Datacenter Boom

Market Focus10-09 13:56

On October 9, Lumentum rose 3.01% Overnight, trading at $1080.17 per share, with turnover of $31.64 million. The move followed the CEO's statement that AI datacenter demand has consumed the company's optical component capacity through early 2029, a visible extension from the 2028 horizon cited just six months earlier. Analysts on average expect sales to more than double this year, and the company indicated that capacity expansion still falls far short of customer needs. Recent target price increases include Citigroup at $1400 and Stifel at $1232, while broader VCSEL and co-packaged optics demand trends continue to support the long-term growth narrative for the optical communications sector.

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