To The Moon

Celestica put up a strong quarter, with revenue up 83%, networking up 23% from the prior quarter on hyperscale switch programs, and a first look at 2027 of $40 billion versus $21 billion this year. The sequence stands out though. $Lumentum(LITE)$  ran 9%, $Coherent(COHR)$  6%, and $AXT Inc(AXTI)$  8% during the day before the number even came out, while Celestica itself slid 5%. After hours it jumped about 10%, with $Celestica(CLS)$  finally catching up to its own suppliers. Investor Day is at 8 AM, so the question is whether there's real follow through in $Applie

$Lumentum(LITE)$ Up 10.6% to 836.16, bounced hard off 756.00 but still well below the 20-day at 949.50. Holding 800 puts 878.90 in play next; losing it would mean the bounce loses steam.

$Lumentum(LITE)$ Nice to see this catch a bid. Was a little worried about my average cost there for a bit. Now hoping for a continuation through midterms and earnings. 1200 perhaps? We'll see. Would help if 47 keeps his yap closed and doesn't ruffle anything further.

$Lumentum(LITE)$ Lumentum Holdings shares moved higher in early trading after StoneX initiated coverage on the photonics and optical components company with a buy rating and a $1,200 price target. The new coverage adds to what is already a largely positive view from Wall Street analysts, with Lumentum currently holding 22 buy ratings.

Options flow is showing selective bullish positioning, mostly concentrated in AI, tech, and earnings-related setups. $Lumentum(LITE)$  has $2.79M in repeated call buying expiring October 30. The weekly alignment looks strong, which makes it one of the clearer short-term bullish signals in the flow. $Seagate Technology PLC(STX)$  shows $4.69M in October 30 $630 calls. That's aggressive positioning ahead of October 27 earnings. $Accenture PLC(ACN)$  has $543K in call buying, just 2% OTM, with four aligned bullish trades over the past week. $Alphabet(GOOG)$  shows $451K in November calls at 3% OTM. Bullish

$Lumentum(LITE)$ SK Hynix just announced a massive $12.1B dividend in the last hour. Guess there is huge demand for A.I. infrastructure after all.

AI photonic and optical names are trying to rebound from the recent selloff so far in the premarket. $Lumentum(LITE)$  $Applied Optoelectronics(AAOI)$  $Ciena(CIEN)$  $Corning(GLW)$  $Coherent(COHR)$ 

$Fabrinet(FN)$ Basically the factory floor for $NVIDIA(NVDA)$ , $Lumentum(LITE)$ , and COHR. No matter who wins the AI optics race, the money still flows through their assembly lines. A debt-free monopoly growing 40% a year at around 17.5x forward P/E after this washout looks like a gift ahead of the Nov 2 earnings.

$Lumentum(LITE)$  WDC beat and raised guidance, but the stock is getting hit over product-related questions. This kind of noise probably won't be an issue when LITE reports in two weeks.

$Lumentum(LITE)$ It's the broader AI and chip trade moving together, not something specific to LITE. Just needs some patience. When it bounces back, a lot of smart people are going to do well.