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Lumentum Holdings reported a 58% year-over-year revenue increase to a record $533.8 million, while competitor Navitas Semiconductor saw revenues fall by over 50%.
On his 'Mad Money' show, Jim Cramer advised investors to sell Lumentum (LITE), labeling the stock, which was up 5.27%, a "red-hot spec stock."
Zacks Investment Ideas featured optical component manufacturers Lumentum, Coherent, and Fabrinet in a recent analysis.
AI infrastructure developers Applied Digital and Lumentum have seen stock returns of over 200% in 2025, driven by strong demand from the AI data center market.
Bank of America identified Nvidia and Broadcom as its top semiconductor stock picks for 2026, citing sustained growth in AI-related infrastructure spending.
Lumentum has appointed Thad Trent to its Board of Directors, increasing its size to nine members. This move comes amid a broader trend of leadership changes across various sectors, signaling a strategic focus on governance and experience with minimal immediate market reaction.