Huo Xing Finance reports that on October 9, according to BIT (bit.com) market data, U.S. after-hours trading saw a rebound in semiconductor, optical communication, and storage sectors, with Applied Optoelectronics (AAOI) rising nearly 5% and Lumentum (LITE) up 3%. Lumentum, a leader in optical communication, CEO Michael Hurlston stated today that due to tech companies racing to build faster AI data centers, the company’s optical component capacity through early 2029 is already fully sold out. Demand for some products will remain unmet by approximately 70% into next year, while for others, 30% of demand will still be unfulfilled through 2028. In April this year, Hurlston had indicated that he expected all of 2028’s annual capacity to be booked within two quarters.
LITE CEO: Lumentum's 2029 Photonics Capacity Fully Booked Due to AI Data Center Demand
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Summary
LITE shares rose 3% in after-hours trading as CEO Michael Hurlston confirmed that Lumentum’s 2029 photonics capacity is fully booked. Rising on-chain data demand from AI data centers has accelerated booking timelines. Hurlston noted 70% unmet demand for certain products in 2027 and 30% in 2028. Inflation data volatility has not yet affected the sector, with optical and storage stocks like AAOI up nearly 5%.
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