Optics stocks, led by Lumentum Holdings, surged after a sharp selloff triggered by Citi's forecast of an $11 billion optical switching market by 2030. Lumentum rose 7%, supported by strong Q4 FY2026 results and optimistic guidance for Q1 FY2027, reflecting robust demand for AI connectivity components. Other optics suppliers like Coherent and Corning also gained around 5%, while the photonics ETF rose 4%, signaling renewed investor confidence in the sector. Despite volatility, the rebound highlights growing interest in optical switching technology driven by cloud and chip industry demand.
Lumentum (LITE) leads the optics sector on Pluang with a price of USD 982.69 and a 1-day gain of 6.66% as of Sep 29, 2026 22:11 WIB, reflecting strong investor interest following the recent rebound. Coherent (COHR) and Corning (GLW) also show solid gains of 5.24% and 4.65% respectively, with Coherent priced at USD 297.26 and Corning at USD 158.54. This momentum aligns with the sector's renewed confidence after Citi's $11 billion optical switching market forecast, highlighting active buying on Pluang, especially for Lumentum with 100% buy orders.
Lumentum Holdings Inc. reported a 109% surge in Q4 revenue to $1.01 billion and achieved a 50.4% gross margin earlier than expected. The company’s AI-related business is expanding beyond the 1.6T transition cycle into optical circuit switches (OCS), ...
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...
