Optical component makers like Lumentum, Applied Optoelectronics, and Coherent saw their stocks rise sharply after Lumentum announced its optical capacity is sold out through early 2029 due to high AI data center demand. This strong demand reverses recent profit-taking and highlights a shift from copper to optical interconnects in hyperscale data centers, tightening supply and boosting pricing power. Investors now watch for Lumentum's next earnings to confirm sustained pricing and Applied Optoelectronics' ability to increase production to meet demand. The Roundhill Photonics & Optics ETF, which holds these companies, also gained, reflecting focused buying in the sector.
Lumentum leads the rally with a market cap of $94.99 billion and a 6.05% gain on Pluang as of Oct 09, 2026 19:51 WIB, reflecting strong investor interest amid sold-out optical capacity through early 2029. Applied Optoelectronics also shows robust activity, trading up 7.11% with a market cap of $9.00 billion and high volume of 19,139,622 shares. Coherent's market cap stands at $59.21 billion with a 4.74% increase, indicating broad sector strength in optical components on Pluang.
Lumentum is experiencing a surge in demand driven by high-speed optical networking's critical role in AI data centers, facing supply shortages for some products through next year. This demand-supply gap supports higher profit margins through fiscal 2...
Lumentum Holdings reported that strong demand from AI data centers has fully booked its production capacity through early 2029, causing supply shortages. The company expects to miss about 70% of demand for certain optical and laser components next ye...
Optical component stocks like Applied Optoelectronics, Coherent, and Lumentum are dropping between 4% and 9% after a year of strong gains driven by demand from AI data centers. The selloff reflects profit taking, especially in stocks that surged the ...
Lumentum, a maker of optical and photonic products, reported a record $1.01 billion revenue in Q4 fiscal 2026, up 109% year-over-year, with non-GAAP net income rising 267% to $326.3 million. The company also provided strong guidance for Q1 2027, expe...
