Lumentum Soars 12% — and NVIDIA’s AI Boom Is a Big Reason Why

Quick Read Lumentum (LITE) rocketed 12% to $729 after the company secured a $2B strategic partnership with NVIDIA focused on laser and optical components for AI data centers, plus confirmation of S&P 500 inclusion effective March 23. The company reported Q2 revenue of $665.5M (up 65.46% YoY), Q3 guidance of $780M-$830M, and a backlog exceeding $400M in optical circuit switches with operations sold out through end of 2027. Lumentum is capturing investor attention by positioning itself as mission-criti ...