Lumentum, a supplier of components used in AI infrastructure, has seen its stock surge about 570% over the past year, outperforming Nvidia and Micron, according to a Techub News item citing BeInCrypto. On Oct. 6, the company’s shares rose another 3.82% to close at $1,133.40, bringing its market capitalization to about $101.7 billion.
The company makes lasers and optical components used in data centers, telecom networks, and AI infrastructure. For the fourth quarter of fiscal 2026, Lumentum reported revenue of $1.01 billion, up 109.3% from a year earlier.
Views on the stock’s next move remain split. Citi set a price target of $1,400, while UBS assigned a target of $820. The report did not provide additional detail on the basis for those targets.
Lumentum, an AI infrastructure component supplier, has climbed about 570% over the past year, outperforming Nvidia and Micron, according to a Techub News brief that cited BeInCrypto.
On Oct. 6, the stock gained another 3.82% and closed at $1,133.40. Its market capitalization has risen to about $101.7 billion.
Business lines and latest quarterly revenue
Lumentum produces lasers and optical components used in data centers, telecom networks, and AI infrastructure. In the fourth quarter of fiscal 2026, the company posted revenue of $1.01 billion, up 109.3% year over year.
Analyst targets diverge
Analysts are divided on the stock’s outlook. Citi set a $1,400 price target, while UBS set a target of $820.
The item was reported by BeInCrypto and carried by Techub.
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