$LITE

$NVDA Nvidia-backed Lumentum sees AI boom keeping orders full through 2028
Lumentum Holdings (LITE) said demand from U.S. hyperscalers for its optical components is accelerating and on track to fill its order book through 2028.
The company is also targeting more brownfield sites to ramp up capacity faster, CEO Michael Hurlston said in a Bloomberg TV interview.
However, one challenge the company faces is that Chinese suppliers are able to sell in the U.S., while doors of Chinese hyperscalers are not nearly as open to American suppliers, Hurlston added.
The Nvidia (NVDA)-backed company, whose Nasdaq-traded shares have risen more than 1,500% over the past year, is expanding as quickly as possible and still finding it hard to meet demand.