Top 10 AI News Updates Investors Should Not Miss

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8. Lumentum Holdings Inc. (NASDAQ:LITE)

Number of Hedge Fund Holders: 36

Lumentum Holdings Inc. (NASDAQ:LITE) is a communication equipment company that manufactures and sells optical and photonic products. It offers components, modules, and subsystems to support high-speed data transmission over high-capacity fibre optic links in cloud data centers, AI/ML, enterprise, and communications services. On February 7th, Simon Leopold of Raymond James reiterated a Buy rating on the stock and increased the price target to $96 from $94.

Lumentum Holdings Inc. (NASDAQ:LITE) has emerged as one of the key beneficiaries amid surging investments in artificial intelligence infrastructure and recovery in the telecom industry. The company’s datacom business remains well positioned to benefit from the demand for AI-driven data center connectivity. The US imposing tariffs on China is also expected to fuel demand for the company’s data transceivers.

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