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BTCC / BTCC Square / Global Cryptocurrency /
Lumentum (LITE) Stock Surges to 52-Week High Amid AI Data Center Boom

Lumentum (LITE) Stock Surges to 52-Week High Amid AI Data Center Boom

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2026-04-03 21:56:02
0
BTCCSquare news:

Lumentum Holdings Inc. (LITE) reached a record high of $827.56, marking a 100% year-to-date gain as demand for its optical components in AI data centers fuels investor optimism. The company's Q2 FY2026 earnings of $1.67 per share surpassed estimates, with revenue soaring 65.5% to $665.5 million.

A new 240,000 sq. ft. facility in Greensboro, NC, will ramp up production of indium phosphide (InP) devices critical for AI server interconnects. Analyst targets remain divergent, ranging from $550 to $900, reflecting uncertainty about how much growth is already priced into the stock's trailing P/E of 253.

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