LITE is trading at $888.00 (5.4% up) after investors reacted positively to Lumentum’s disclosure of an AI-focused optics backlog exceeding $400 million and new strategic data center partnerships.
- The backlog in optical circuit switches and co-packaged optics is largely committed by hyperscaler customers, reinforcing confidence in AI infrastructure demand.
- The new disclosures provide significantly improved multi-year growth visibility for Lumentum, driving the positive momentum in the stock today.