Deutsche Bank names Lumentum and Coherent top AI hardware picks
Deutsche Bank started coverage of AI-infrastructure hardware stocks, citing rising demand for computing capacity. Lumentum Holdings (LITE) and Coherent (COHR) were flagged as its top picks.
Deutsche Bank has started covering a group of hardware stocks tied to the expansion of AI infrastructure, with Lumentum Holdings NASDAQ:LITE and Coherent NYSE:COHR emerging as its top picks.Analyst Gianmarco Conti said AI adoption is increasing demand for computing capacity as consumers and busines…