Nvidia-Backed Lumentum Says It Can’t Keep Up With AI Demand. The Stock Is Surging

Investopedia Markets News (all except PF) · Oct 9, 2026

Lumentum CEO Michael Hurlston said optical components are “completely sold out” in a Bloomberg TV interview.Credit: Shoko Takayasu / Bloomberg via Getty ImagesKey TakeawaysLumentum shares surged Friday after the company’s CEO said optical components are sold out through early 2029.Lumentum has seen demand soar as big tech companies expand their data center footprint. Lumentum shares are rallying Friday after the company said it’s selling out of AI server products.Shares of Lumentum (LITE) were up 7% in recent trading after CEO Michael Hurlston told Bloomberg in a televised interview that the…