LITE, COHR, AAOI surge as Lumentum CEO says AI parts sold out through early 2029
Lumentum Holdings, a company backed by Nvidia, has reported that its optical components are completely sold out until at least 2029 due to high demand from tech companies seeking faster artificial intelligence data centers. CEO Michael Hurlston revealed in a Tokyo-based interview that the company is currently unable to fill approximately 70% of the demand for certain products by the end of next year, and is projected to be unable to meet 30% of the demand for other products through 2028.
Just six months ago, Hurlston had stated that Lumentum was on track to sell out its capacity by 2028. The company, which has received a $2 billion investment from Nvidia alongside competitor Coherent, supplies advanced indium phosphide devices that enable high-speed cloud computing and data transmission.
Analysts are currently expecting Lumentum's sales to more than double this year.
Written by urgent.news from Japan Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
