Corrected: BUZZ-Lumentum rises after report AI-server optical products sold out into 2029

Lumentum Holdings

09/10/2026 14:24

Corrects bullet 4 to say Nvidia made separate $2 billion investments in Lumentum and Coherent, not a combined investment
** Photonic product maker Lumentum LITE.O jumps 6.4% to $1,114.54 premarket
** LITE's CEO says its optical components are completely sold out through early 2029, as tech companies seek faster AI data-center infrastructure, Bloomberg News reports 
** CEO Michael Hurlston says LITE cannot meet about 70% of demand for certain products through 2027, while about 30% of demand for other products will remain unaddressed through 2028
** Lumentum and peer Coherent COHR.N received a $2 billion investment each from AI bellwether Nvidia NVDA.O earlier this year
** COHR shares were last up 4.9% in premarket trading 
** Up to Thursday's close, Lumentum's stock had risen 184.5% YTD 

 (Reporting by Ragini Mathur in Bengaluru)
 ((Ragini.Mathur@thomsonreuters.com;))