BUZZ - Reports state that Lumentum's optical communication products for AI servers are sold out until 2029, pushing its stock price up

路透社2026/10/09 13:31

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October 9 - Photonics product manufacturer Lumentum LITE.O surged 6.4% in pre-market trading to $1,114.54. According to Bloomberg, LITE CEO stated that, as tech companies seek faster AI data center infrastructure, the company’s optical devices are entirely sold out until early 2029. CEO Michael Hurlston said that by 2027, LITE will be unable to meet around 70% of demand for certain products, and by 2028, about 30% of demand for other products will remain unmet. Lumentum and its peer Coherent COHR.N jointly received a $2 billion investment from AI leader Nvidia NVDA.O earlier this year. COHR shares most recently rose 4.9% in pre-market trading. As of Thursday’s close, Lumentum shares have surged 184.5% year-to-date. (For the convenience of non-English speakers, Reuters has automated the translation of its reports into several other languages. Since automated translation may contain errors or lack required context, Reuters does not guarantee the accuracy of the automated translation and provides it for readers’ convenience only. Reuters is not responsible for any damage or losses arising from the use of automated translation.)

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