Lumentum rises after AI-server optical products reportedly sold out into 2029

Lumentum shares rose after CEO Michael Hurlston said its optical components were completely sold out through early 2029. He said the company could not meet about 70% of demand for certain products through 2027 and about 30% of demand for others through 2028.

1. Demand exceeds supply

Lumentum shares rose after CEO Michael Hurlston said its optical components were completely sold out through early 2029. He said the company could not meet about 70% of demand for certain products through 2027, while about 30% of demand for other products would remain unaddressed through 2028.

1. Demand exceeds supply

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