๐ Lumentum $LITE surges +14% as AI optical networking revenue more than doubles
Lumentum Holdings is one of Wednesday's biggest winners after fiscal Q4 earnings smoked estimates โ adjusted EPS of $3.23 came in well above the $2.95 consensus and revenue more than doubled to $1.01B. AI hyperscaler demand for optical interconnects is going parabolic, and LITE is a picks-and-shovels beneficiary most investors overlook. Could this be a breakout moment for the optical infrastructure trade? Not financial advice.
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