Lumentum Stock Gains as New Optical Module Targets Hyperscale AI Demand

Lumentum Holdings Inc. (NASDAQ: LITE) announced plans to showcase a new high-capacity laser module designed for hyperscale AI demand at the upcoming ECOC exhibition. The eight-wavelength DWDM ELSFP module aims to enhance data transmission speeds for network operators and is expected to be available in the first half of 2027. Following this announcement, LITE shares rose by 3.49%, reaching $963.44.