11 AI News Updates on Wall Street’s Radar

3. Lumentum Holdings Inc. (NASDAQ:LITE)

Number of Hedge Fund Holders: 57

Lumentum Holdings Inc. (NASDAQ:LITE) is a leading developer and provider of optical and photonic products for the cloud and networking markets. On March 31, the company affirmed the significant milestone it has achieved in advancing next-generation, high bandwidth, and lower power per bit optics for artificial intelligence (AI)/machine learning (ML) and cloud infrastructure.

In collaboration with Marvell Technology, a leader in data infrastructure, Lumentum Holdings Inc. (NASDAQ:LITE) is poised to showcase the industry’s first 400G/per lane PAM4 technology operating at 225 Gbaud. The live demonstration will feature a cutting-edge 450G PAM4 distributed feedback (DFB) laser integrated with a Mach-Zehnder (MZI) modulator. The exhibition highlights the preparedness for next-generation 3.2T optical transceivers, which are crucial for the swiftly growing AI/ML tasks and large-scale cloud networking frameworks.

“Lumentum’s collaboration with Marvell marks our joint commitment to pushing the boundaries of 400G per lane technology innovation,” said Matt Sysak, Lumentum CTO of Cloud and Networking. “Together, we are enabling 400G per lane solutions that go beyond what silicon photonics can offer, unlocking higher performance and scalability foundational for next-generation AI/ML and cloud infrastructure.”