BlockBeats reported that Lumentum said that, driven by AI data center construction, nearly all of its optoelectronic component capacity had been booked, and the tight conditions may continue until 2029 year. The company expects that approximately 70%of demand will be unmet next year.
NVIDIA's co-packaged optics deployment progress was described as faster than expected,Lumentum viewed as a potential beneficiary and rising nearly 6%. The research report raised its expectations for CPO and NPO laser revenue, while Citi simultaneously raised its target price.
