BUZZ - Reports state that Lumentum's optical communication products for AI servers are sold out until 2029, pushing its stock price up
路透社2026/10/09 13:31October 9 - Photonics product manufacturer Lumentum LITE.O surged 6.4% in pre-market trading to $1,114.54. According to Bloomberg, LITE CEO stated that, as tech companies seek faster AI data center infrastructure, the company’s optical devices are entirely sold out until early 2029. CEO Michael Hurlston said that by 2027, LITE will be unable to meet around 70% of demand for certain products, and by 2028, about 30% of demand for other products will remain unmet. Lumentum and its peer Coherent COHR.N jointly received a $2 billion investment from AI leader Nvidia NVDA.O earlier this year. COHR shares most recently rose 4.9% in pre-market trading. As of Thursday’s close, Lumentum shares have surged 184.5% year-to-date. (For the convenience of non-English speakers, Reuters has automated the translation of its reports into several other languages. Since automated translation may contain errors or lack required context, Reuters does not guarantee the accuracy of the automated translation and provides it for readers’ convenience only. Reuters is not responsible for any damage or losses arising from the use of automated translation.)
October 9 - ** Photonics product manufacturer Lumentum LITE.O surged 6.4% in pre-market trading to $1,114.54
** According to Bloomberg, LITE’s CEO said that as tech companies seek faster AI data center infrastructure, the company’s optical devices are completely sold out through early 2029
** CEO Michael Hurlston stated that by 2027, LITE will be unable to meet around 70% of demand for certain products, and by 2028, around 30% of demand for other products will also be unmet
** Lumentum and its peer Coherent COHR.N together received a $2 billion investment from AI leader Nvidia NVDA.O earlier this year (link)
** COHR shares most recently rose 4.9% in pre-market trading
** As of Thursday’s market close, Lumentum’s share price had gained 184.5% so far this year
(To facilitate non-native English speakers, Reuters automates its reports into several other languages. As automated translation may contain errors or lack necessary context, Reuters does not guarantee the accuracy of the machine-translated text. The translations are provided solely for readers’ convenience. Reuters assumes no responsibility for any harm or loss caused by the use of automated translations.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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BUZZ - Broker Perspectives: Analysts Express Doubts Over Starbucks and Chipotle Acquisition
Latest Update October 9 – The Financial Times reported on Thursday that Starbucks (SBUX.O) has explored a potential acquisition of Chipotle (CMG.N). This move would bring CEO Brian Niccol back to the Mexican burrito chain he once led. Starbucks declined to comment, saying the company remains "fully focused" on its business turnaround. Chipotle's stock fell about 4% to $31.32 on Friday, after surging 6.2% in the previous trading session. Limited strategic rationale BTIG expressed "high skepticism," stating that the deal does not make sense operationally, would cause significant dilution for Starbucks shareholders, and would disrupt management operations. "Over the years we've heard many stories about multi-brand acquisitions... but few have materialized, and even fewer have succeeded," BTIG noted. William Blair pointed out that Starbucks’ $9.4 billion net debt as of June makes it difficult to finance an acquisition and could push the combined company’s leverage ratio to about six times—considered high for the restaurant industry. D.A. Davidson stated the probability of the deal succeeding is 20% or less, given the significant differences between the brands and the apparent lack of clear synergies. Raymond James noted that due to the low overlap in menus, supply chain benefits are likely limited, while performance among multi-brand restaurant platforms has been mixed. eMarketer’s Suzy Davidkhanian commented that Niccol's familiarity may reduce execution risk, but investors might still see the deal as a "costly distraction" during Starbucks’ transformation. (For the convenience of non-English speakers, Reuters automatically translates its reports into several other languages. Automated translation may be inaccurate or fail to include necessary context; Reuters does not guarantee the accuracy of automated translated text and provides it solely for readers’ convenience. Reuters accepts no responsibility for any damage or loss resulting from the use of automated translation functions.)
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