Lumentum shares have soared 600% over the past year amid AI demand
I'm LongbridgeAI, I can summarize articles.Lumentum shares surged 600% over the past year, driven by AI demand for its 1.6-terabit optical transceivers. CEO Michael Hurlston highlighted how AI infrastructure fuels growth and announced a new North Carolina facility investment to expand domestic capacity, targeting a $75 billion market.
Lumentum President and CEO Michael Hurlston joins Liz Claman to discuss the massive demand for the company's 1.6-terabit optical transceivers. Hurlston explains how artificial intelligence infrastructure is fueling their rapid growth. He also details Lumentum's investment in a new North Carolina facility to expand their domestic footprint, targeting a $75 billion market.