Lumentum beats quarterly forecasts as AI demand drives stronger outlook

Image for article Lumentum beats quarterly forecasts as AI demand drives stronger outlook
News Source : Advfn.com

News Summary

  • Lumentum said the stronger outlook reflected growing AI-driven demand for optical links in data centres.
  • The shares rose around 8% in premarket trading on Wednesday by 04:10 ET (08:10 GMT), extending a year-to-date gain of more than 122%.
  • “As AI compute workloads increase in both speed and bandwidth, data center architects are turning to optical links as a primary means of connectivity,” said President and CEO Michael Hurlston.

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