This Magnificent Artificial Intelligence (AI) Stock Delivered Stellar Gains in 2024. It Can Jump Another 60%
Optical and photonics component seller Lumentum Holdings (NASDAQ: LITE) delivered an outstanding performance on the stock market last year, registering healthy gains of 61% as investors took note of the growing impact of artificial intelligence (AI) on the company's business, and it looks like the stock's red-hot run is here to stay in 2025.Lumentum released fiscal 2025 second-quarter results (for the three months ended Dec. 28, 2024) on Feb. 6. The company's growth trajectory continued improving during the quarter thanks to the robust performance of its cloud and networking business. It is worth noting that Lumentum finished fiscal 2024 on a sour note, as the weak demand for its optical components in the industrial segment and from telecom providers led to a sharp decline in its revenue and earnings.However, fiscal 2025 is turning out to be a much better year for the company as the demand for its optical components deployed in AI servers for high-speed data transmission is growing rapidly. Let's examine Lumentum's latest results and check why this company has room for more upside.Continue reading
Optical and photonics component seller Lumentum Holdings (NASDAQ: LITE) delivered an outstanding performance on the stock market last year, registering healthy gains of 61% as investors took note of the growing impact of artificial intelligence (AI) on the company's business, and it looks like the stock's red-hot run is here to stay in 2025.
Lumentum released fiscal 2025 second-quarter results (for the three months ended Dec. 28, 2024) on Feb. 6. The company's growth trajectory continued improving during the quarter thanks to the robust performance of its cloud and networking business. It is worth noting that Lumentum finished fiscal 2024 on a sour note, as the weak demand for its optical components in the industrial segment and from telecom providers led to a sharp decline in its revenue and earnings.
However, fiscal 2025 is turning out to be a much better year for the company as the demand for its optical components deployed in AI servers for high-speed data transmission is growing rapidly. Let's examine Lumentum's latest results and check why this company has room for more upside.
