$Lumentum(LITE)$ Lumentum is completely sold out through early 2029, according to CEO Michael Hurlston in a Bloomberg interview in Tokyo. Going one level down: back in April he said the order book would fill through 2028 within two quarters. Six months later the horizon got pushed out again. Demand has outrun the company's own forecast. He expects a 30 percent shortfall for some products through 2028 and said Lumentum cannot meet demand for others through next year. Set that against the OFC guideposts: 2 billion dollars of quarterly revenue, or 8 billion annualized, within 18 to 24 months. Demand is not the constraint on that target. Capacity is.

CoreWeave, Lumentum and American Tower are among the names making moves before the bell. Tower stocks are getting a lift, with American Tower up 6% and Crown Castle up almost 8%, both rising on news that SpaceX was expanding its spectrum portfolio. AI names with exposure to the artificial intelligence buildout are also higher in premarket trading, after many declined on Thursday following reports that OpenAI's annualized revenue was about $20 billion lower than previously shared. CoreWeave jumped 2.5%, while Oracle and Broadcom rose 1.5%. $Lumentum(LITE)$  $Broadcom(AVGO)$ 

$Lumentum(LITE)$ $NVIDIA(NVDA)$  $Wolfspeed Inc.(WOLF)$  — $2 billion, and Wolfspeed has $1.5 billion from the US Department of War. Wolfspeed and Lumentum are both playing critical but distinct hardware roles in the AI data center infrastructure supply chain. Lumentum supplies high-speed optical and photonic products, including indium phosphide laser devices, optical circuit switches, and cloud transceivers for AI data center interconnects and co-packaged optics. Wolfspeed specializes in silicon carbide and gallium nitride power semiconductor technology, and partnered with LITEON on 800 VDC power distribution and conversion solutions for next-gene

$Lumentum(LITE)$  Sold out until 2029, and the pending FCC ban on Chinese 3.2T optical makers makes this a good buy right now.

$Lumentum(LITE)$  Lumentum jumped 6% after CEO Michael Hurlston said the company's optical components are sold out through 2029. He also mentioned Lumentum will struggle to meet as much as 70% of demand for some products through next year.

$Lumentum(LITE)$ Extended-hours trading could push it past 1170, and then 1200+ by Friday. I'm staying long here.

$Lumentum(LITE)$  Looking like 1170 soon. It'll probably run out of steam before long, but I'm not sure we'll see the same kind of pullbacks we've been getting. Over the past 7 months, any time there was a big rip, the next day it would give it all back and then some. This time it's holding like a champ and the setup makes more sense now. Why didn't it move up sooner? Shorts, probably. But after doing nothing for months, it's positioned for a massive breakout. I think 1800 by end of year. Seems reasonable. I'd buy big dips if I'm lucky enough to get any. Low volume, no sellers, and massive demand.

$Lumentum(LITE)$  A 5-point dip to 1,133 is probably the best buying opportunity we'll see for the rest of the day. It'll likely be back at 1,140 in 5 minutes.

$Lumentum(LITE)$  Stifel raised its price target on Lumentum to $1,232 from $1,100, keeping a Buy rating on the shares. Heading into the September-quarter reporting season, the analyst noted in a group preview that AI infrastructure deployment remains supply-gated rather than demand-gated.

$Lumentum(LITE)$ At ATH and breaking out into price discovery. Copper is getting designed out as data transfer speeds keep rising and photonics becomes a requirement.

$Lumentum(LITE)$  Will close at 1050 because oil is going up. The Alhouti hit the Aramaic oil pipeline this afternoon. The market has had every reason to sell off.

Top 5 swing setups from options flow. $Citigroup(C)$  — Probably the cleanest near-term setup. Near-ATM call buying, good timing and bullish confirmation across the banks ahead of earnings. $BHP Billiton(BHP)$  — 3 calls bought, near ATM, solid premium and very little opposing flow. One of the cleanest standalone structures on the tape. $Lumentum(LITE)$  — Huge call-buying concentration with strong 7-day confirmation. Stock already moved hard, so I'd be more selective with entry, but the flow is difficult to ignore. $Carnival(CCL)$  — Clean ATM December call buying and positive recent flow. Looks more like

$Lumentum(LITE)$ $Ruanyun Edai Technology Inc.(RYET)$ Smart Campus brought in roughly $5.72M in FY2026 revenue, around 76.4% of the company's total. The part that catches my attention is the institutional access behind that number. The existing campus relationships could help open the door for AI training, YeeZo labs and other services.

$Palantir Technologies Inc.(PLTR)$ Not the 200+ anniversary present I was expecting, but it still closed green. Any green here is good enough. I'm staying positive, holding strong, and not paying much attention to the negative posts from the bears and shorts.

$Lumentum(LITE)$ Lumentum Holdings Inc. (LITE) trades near $973 because explosive demand for its AI data center optical hardware has driven triple-digit revenue growth and massive long-term earnings expectations. On the AI side, optical networking is being adopted at scale across AI infrastructure. There's also a multi-year $2 billion investment and partnership with Nvidia. Q4 revenue came in up 109% year-over-year to $1.01 billion, and forward guidance points to roughly 130% near-term growth. From a fundamentals standpoint, they're sitting on a contracted backlog of roughly $400 million in optical circuit switches. Analysts project up to $40 per share in earnings power by 2028, and long-term DCF models place intrinsic value near or above cur

Oversold Photon stocks to watch ahead of the rebound: $Lumentum(LITE)$ , $Coherent(COHR)$ , and MXL. MRVL is another one to watch on this dip.

$Lumentum(LITE)$ I wouldn't chase it here. Getting a pullback entry makes more sense on this one, then just be patient and hold with conviction. Not sure how long it keeps getting rejected near 1k, but once that level finally gives way, it could really take off.

$Coherent(COHR)$ $Vertiv Holdings LLC(VRT)$ $Lumentum(LITE)$ AI infrastructure names saw a sharp pullback recently. Nothing is ever really shocking in the stock market. Still, the price action was surprising given the PCE reading. Yields are down, but oil is up. Weird setup. Looking ahead to $Micron Technology(MU)$  earnings.

$Palantir Technologies Inc.(PLTR)$  Goldman sees FDE's moat as deeper than expected. Verticalization could drive the next phase of growth, and they've raised the price target to $204.

$Lumentum(LITE)$ Third lowest volume day of the month, and it held fairly flat while the broader market was red. I still see 1000 by Friday close. Nothing goes straight up.