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LITE, COHR, AAOI, POET Rise Overnight After Lumentum CEO Says Optical Parts Are ‘Completely Sold Out’ Through Early 2029
Stocktwits ·
Stocktwits reports: Optical component stocks jumped in overnight trading late Thursday after Lumentum Holdings Inc. (LITE) CEO Michael Hurlston said the company’s optoelectronic products were completely sold out through early 2029, underscoring surging demand for AI data center infrastructure. Shares of Applied Optoelectronics Inc. (AAOI) rose 3%, while Lumentum and Coherent Corp. (COHR) rose about 1.4% each and POET Technologies (POET) gained nearly 1%. In an interview with Bloomberg in…
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