Hyperscalers and Networking Equipment Providers Need Infrastructure for the AI Future: Lumentum Holdings Focuses on the Highest Volume and Margin Customers Due to High Demand

Lumentum Holdings (LITE) is a stock that should continue its upward movement following the latest quarterly results. Lumentum develops and manufactures high-quality optical components and complete systems for cloud, AI, telecommunications, and industrial markets. The focus is on laser technologies, transceivers, and optical circuit switches. The main customers are located in the USA and Asia, specifically in the hyperscaler and networking equipment sector. Lumentum is focusing its production expansion, among other things, in Thailand to meet the...