Hurlston said two AI data center links could double a hyperscaler's entire decade of backbone capacity, with Lumentum pump laser shipments set to quadruple.
Hyperscalers are pre-funding Lumentum's buildout through long-term agreements, with CIEN and AAOI up 85% and 296% YTD on the same scale-across demand wave.
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Shares of Lumentum (NASDAQ:LITE) are trading at $936.95 in Thursday's session, hovering near flat after opening at $925.02. The broader optical complex is mixed as the group digests a heavy earnings week. Ciena (NYSE:CIEN) is up 6.04%, while Coherent (NYSE:COHR) is down 3.66% and Cisco (NASDAQ:CSCO) is off 8.27%.
Despite choppiness in earnings season, optics stocks have generally rallied across the past year. A quote from Lumentum CEO delivered during the company's Q4 earnings call on Monday provides context into why so many stocks that have been flat for a decade are now seeing their share charts inflect up at a record rate.

#stocks #decade #across