$Lumentum(LITE)$ Nobody wants to believe the data center buildout is still going. But it is, and it will keep running for years. Being short-sighted and pessimistic here is a mistake. Every company involved in the buildout is reporting insatiable demand with no end in sight. It's an easy investment thesis.
$Lumentum(LITE)$ Tech tends to sell off hard right before earnings season. That can actually be a decent setup for reloading high-growth names like LITE at a much cheaper price.
$Coherent(COHR)$ At this price, you're essentially getting the stock back to where it was before the $Lumentum(LITE)$ CEO announcement that they're sold out through 2029, and before the reports about the US government possibly limiting foreign optical companies' exposure to US markets. The price action feels a bit silly to me.
$Lumentum(LITE)$ This is a macro selloff and is very common just prior to big tech earnings season. Mr. Market is making LITE shares available at cheaper levels.
$Lumentum(LITE)$ Lumentum is completely sold out through early 2029, according to CEO Michael Hurlston in a Bloomberg interview in Tokyo. Going one level down: back in April he said the order book would fill through 2028 within two quarters. Six months later the horizon got pushed out again. Demand has outrun the company's own forecast. He expects a 30 percent shortfall for some products through 2028 and said Lumentum cannot meet demand for others through next year. Set that against the OFC guideposts: 2 billion dollars of quarterly revenue, or 8 billion annualized, within 18 to 24 months. Demand is not the constraint on that target. Capacity is.
CoreWeave, Lumentum and American Tower are among the names making moves before the bell. Tower stocks are getting a lift, with American Tower up 6% and Crown Castle up almost 8%, both rising on news that SpaceX was expanding its spectrum portfolio. AI names with exposure to the artificial intelligence buildout are also higher in premarket trading, after many declined on Thursday following reports that OpenAI's annualized revenue was about $20 billion lower than previously shared. CoreWeave jumped 2.5%, while Oracle and Broadcom rose 1.5%. $Lumentum(LITE)$ $Broadcom(AVGO)$
$Lumentum(LITE)$ $NVIDIA(NVDA)$ $Wolfspeed Inc.(WOLF)$ — $2 billion, and Wolfspeed has $1.5 billion from the US Department of War. Wolfspeed and Lumentum are both playing critical but distinct hardware roles in the AI data center infrastructure supply chain. Lumentum supplies high-speed optical and photonic products, including indium phosphide laser devices, optical circuit switches, and cloud transceivers for AI data center interconnects and co-packaged optics. Wolfspeed specializes in silicon carbide and gallium nitride power semiconductor technology, and partnered with LITEON on 800 VDC power distribution and conversion solutions for next-gene
$Lumentum(LITE)$ Lumentum jumped 6% after CEO Michael Hurlston said the company's optical components are sold out through 2029. He also mentioned Lumentum will struggle to meet as much as 70% of demand for some products through next year.