Lumentum reported a 90% year-over-year revenue increase to $808 million in Q3 FY2026, driven by its photonics technology critical for AI data center connectivity. The company expanded its non-GAAP operating margin to 32.2% and provided strong forward guidance exceeding analyst expectations. A multi-billion dollar partnership and $2 billion equity investment from NVIDIA underscore Lumentum's strategic role in next-generation AI infrastructure. Despite a 'Buy' rating, the stock's current valuation is high, suggesting investors consider waiting for price dips due to execution and sector risks.
Venture capitalist Chamath Palihapitiya predicts Taiwan will lose its critical strategic role in semiconductor supply within 18 months as the US rapidly expands its domestic chip manufacturing capabilities. He highlighted that US fabs are nearing the...
Nvidia's stock is experiencing intense options trading and a potential short squeeze ahead of its earnings report scheduled for May 20. This heightened activity reflects strong market anticipation but may reset after the results and a drop in implied...
The S&P 500 closed at 7,408.50 on Friday, falling below the 7,500 level it briefly surpassed on Thursday, ending the week with a modest 0.3% gain. The recent surge to 7,517 appeared to be a mechanical, gamma-driven move with an expected reversal, inf...
Recent inflation data shows accelerating price pressures, especially from energy costs, keeping the Federal Reserve cautious and supporting higher Treasury yields and a strong US dollar. The Trump-Xi meeting improved market sentiment but lacked confi...
Sandisk's stock has surged 476% in 2026, driven by strong demand for storage linked to the AI boom and impressive revenue growth, including a 97% quarter-over-quarter increase to $5.9 billion. The company boasts high profit margins and optimistic Wal...
