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Deutsche Bank names LITE and COHR as AI hardware picks

Deutsche Bank names Lumentum Holdings (LITE) and Coherent (COHR) as its highest-conviction AI hardware picks, arguing for lasers and optical connectivity beyond GPUs.

COHRLITE

Deutsche Bank is telling investors to look beyond GPUs for the next leg of the artificial-intelligence infrastructure boom, naming Lumentum Holdings NASDAQ:LITE and Coherent NYSE:COHR its highest-conviction AI hardware picks.

Analyst Gianmarco Conti argues that lasers and optical connectivity are b…