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Lumentum, Coherent Stocks Jump After CEO Warns AI Components Sold Out Through 2029
GuruFocus ·
GuruFocus reports: Optical networking stocks climbed in premarket trading Friday as a shortage of components used in artificial intelligence infrastructure drew investor attention. Lumentum Holdings , Applied Optoelectronics (AAOI) and Coherent advanced around 5% alongside other suppliers after industry commentary pointed to limited production capacity extending into 2029. Lumentum's chief executive said the company's available supply had been committed through early 2029. The situation…