10 High-Flying AI Stocks This Week

3. Lumentum Holdings Inc. (NASDAQ:LITE)

Number of Hedge Fund Holders: 57

Lumentum Holdings Inc. (NASDAQ:LITE) is a technology company that manufactures and sells optical and photonic products. It offers components, modules, and subsystems to support the high-speed transmission of data over high-capacity fibre optic links in cloud data centers, AI/ML, enterprise and communications services networking applications. On March 18, the company was selected as a key partner in Nvidia’s silicon photonics ecosystem.

Lumentum Holdings Inc. (NASDAQ:LITE) was selected for its high power; high-efficiency lasers for deployment in NVIDIA Spectrum X Photonics networking switches. It marks a significant milestone underscoring the importance of Lumentum’s laser technology and potential role in scaling AI infrastructure through photonics. The goal of integrating Lumentum’s laser technology into NVIDIA’s Spectrum-X and Quantum-X Photonics networking switches is to improve system resiliency and lower power consumption, enabling faster deployments. This collaboration demonstrates the potential for photonic technologies to replace conventional copper interconnects in extensive AI installations.

“Photonics switch technology will revolutionize data centers and advance a new wave of AI factories,” said Gilad Shainer, Senior Vice President of Networking at NVIDIA. “NVIDIA’s collaboration with innovators such as Lumentum will enable the next-generation of million scale AI.”