Lumentum’s optical devices are in tight supply, with optical communication sector stocks LITE and AAOI each rising more than 3%.
49 minutes ago
Lumentum CEO Michael Hurlston said in an interview with Bloomberg in Tokyo today that driven by demand from AI data centers, the company’s optical device production capacity is fully booked through early 2029. He noted that the supply shortage is expected to persist: around 70% of demand for some products will still go unmet next year, while others will face a supply gap of roughly 30% of their demand by 2028. According to TradingBeats’ monitoring, as of press time, the latest quoted prices of LITE and AAOI perpetual contracts on Hyperliquid stand at $1,092 and $111.77 respectively, up about 3.6% and 3.3% from levels before the report was released at 08:24 this morning.
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