The Tema Photonics & Optical ETF (LAZR) received a Hold rating because its portfolio composition presents risks despite favorable themes in optical interconnect and AI infrastructure. Key holdings like Lumentum are seen as overvalued, while preferred stocks such as AAOI and COHR have minimal impact due to low portfolio weight. The inclusion of Anthropic, a pre-IPO company, adds unique differentiation but also significant risk and complexity, deviating from the core photonics focus. About 70% of the portfolio aligns with AI infrastructure sub-themes, but high beta exposure and stock selection concerns limit confidence for a Buy rating.
As of Sep 25, 2026 17:11 WIB, key stocks mentioned in the LAZR ETF analysis are showing positive momentum on Pluang. Lumentum (LITE) trades at USD 946.02 with a 1-day gain of 1.83%, while Coherent (COHR) is up 2.61% at USD 298.20. Applied Optoelectronics (AAOI) also rose 1.79% to USD 102.84. Notably, Lumentum holds the highest market cap among them at $83.33B, reflecting significant investor interest despite the article's caution on overvaluation.
Coherent Corp's stock has surged 59% in 2026 due to growth in AI data center optical connectivity. However, its peers Lumentum Holdings and Applied Optoelectronics have outperformed it significantly with gains of 151% and 191% respectively. This gap ...
Qualcomm's stock surged 7% following a demonstration of a high-density die-to-die optical interconnect for AI systems, showcased with partners Lumentum Holdings and Corning. This demo signals Qualcomm's expansion beyond its traditional smartphone mod...
Corning's stock surged 6% following a joint AI optical interconnect demonstration highlighting its fiber technology, signaling strong market interest in AI infrastructure components. The demo, led by Lumentum and featuring Qualcomm's die-to-die inter...
