Lumentum Rockets 15% on Blowout Earnings, Coherent Climbs 9%, Corning Gains 5% on Optics Earnings and CoreWeave, Super Micro Read-Through

Coherent forecasts upbeat first quarter on robust AI demand

Aug 12 (Reuters) - Coherent beat estimates for fourth-quarter earnings on Wednesday and forecast first-quarter revenue and profit above analysts' expectations, betting on ​strong demand for its data center ‌and communications products. Shares of the co...

Dow Futures Rise; Three Big AI Losers

Dow Jones futures: AI stocks led Wednesday, led by Nebius, Lumentum, CoreWeave and Super Micro. Cisco and Coherent were earnings movers late.

Why Oracle Stock Just Jumped

Oracle shares rallied Thursday after two neoclouds posted blowout earnings, but does this AI tailwind justify the stock's risks?

Lumentum Rockets 15% on Blowout Earnings, Coherent Climbs 9%, Corning Gains 5% on Optics Earnings and CoreWeave, Super Micro Read-Through

Lumentum just torched Wall Street expectations and sent shockwaves through the entire AI optics complex, pulling peers like Coherent, Corning, and Ciena sharply higher as analysts scramble to figure out whether the rally has legs or has already outrun reality.

Coherent Q4 preview: Analysts predict strong top and bottom line growth; datacenter revenue in focus

Coherent (COHR) Q4 earnings preview: forecasts, analyst revisions, AI datacenter growth, and NVIDIA partnership impact. Get ready before Aug.

Optical stocks surge again as hedge funds revive AI momentum trade

Optical component stocks are once again emerging as a favoured momentum trade as investors regain confidence in the scale of artificial intelligence spending by the world’s biggest technology companies, according to a report by Bloomberg. Applied Optoelectronics, Lumentum, Coherent, Fabrinet and Corning have all gained more than 25% since late July, with Applied Optoelectronics jumping more than 80% in just 10 trading sessions and Coherent climb…