Optical component stocks rose in overnight trading after Lumentum Holdings CEO Michael Hurlston said the company’s optoelectronic products are sold out through early 2029. The strong demand reflects tech companies’ rapid expansion of AI data center infrastructure.
Lumentum is struggling to meet demand from companies building out their AI capabilities. For some products, it expects a 30% supply shortfall through 2028.
The comments prompted gains across related stocks. POET Technologies rose nearly 1% in overnight trading.