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 begun covering a group of hardware stocks linked to the build-out of AI infrastructure, with Lumentum Holdings NASDAQ:LITE and Coherent NYSE:COHR named as its top picks. Analyst Gianmarco Conti said AI adoption is boosting demand for computing capacity as consumers and businesses increase their use of AI tools.