Lumentum and Coherent shares rise on AI component sellout outlook
Optical networking stocks climbed in premarket trading Friday, including Lumentum and Coherent, after a CEO warning that AI components are sold out through 2029.
Optical networking stocks moved higher in premarket trading Friday after investor focus turned to a shortage of components used in artificial intelligence infrastructure. Lumentum Holdings NASDAQ:LITE, Applied Optoelectronics (AAOI) and Coherent NYSE:COHR rose around 5% with other suppliers. The article ended mid-sentence after noting the gains.