Lumentum Stock Gains as New Optical Module Targets Hyperscale AI Demand

Lumentum Holdings Inc. (NASDAQ: LITE) announced the upcoming launch of a new high-capacity laser module designed to meet the increasing demand for hyperscale AI applications. The eight-wavelength DWDM ELSFP module is set to improve data transmission speeds for network operators and is expected to be available in the first half of 2027. Following the announcement, LITE shares rose by 3.49%, trading at $963.44.