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Lumentum
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Lumentum designs and manufactures optical and photonic products for telecommunications and data center applications.

sentiment mix
bull 100%bear 0%neu 0%

signal summary

latest high-conviction thesis
Lumentum CEO: Optical scale-up in racks coming within 12 months, volumes to reach hundreds of millions▾

The next wave is 'optical scale up' — replacing copper Ethernet cables inside server racks with optics. Physics forces this transition as speeds increase. This will drive volumes from thousands to hundreds of millions of units, far exceeding the current 'scale out' deployments between racks.

michaelT1Sourcery VC2026-07-29
confidence 88 / 100impact High
key themes
  • Networking & Optical Infrastructure63%
  • Semiconductors63%
  • AI Infrastructure50%
  • Memory & Storage38%
  • AI Hardware & Chip Architecture38%

bull thesis · 12

90 / 100
  • •Huang: Lumentum is a key optical component supplier for Nvidia
  • •Lumentum CEO: Optical scale-up in racks coming within 12 months, volumes to reach hundreds of millions
  • •Lumentum CEO: Indium phosphide fab bottleneck creates multi-year supply constraint and moat

bear thesis · 0

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  • — none —

company research · 3 videos

mentions · 12

All-In PodcastJensen Huang: The Doomer Hoax, Superintelligence is Here, and The Future of AI (ft. President Trump)1 mentions · 1▲ 0▼ 0○ · 11 days ago
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Limitless PodcastAI Is Running Out of Power1 mentions · 1▲ 0▼ 0○ · 3 months ago
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Dwarkesh PatelJensen Huang – Will Nvidia’s moat persist?1 mentions · 1▲ 0▼ 0○ · 5 months ago
0:005:0010:0015:0020:00
Michael SikandI Asked Jensen Huang What AI Stocks He's Buying At Nvidia GTC1 mentions · 1▲ 0▼ 0○ · 6 months ago
0:003:007:0011:0015:00
Michael SikandWhy Nvidia Just Bet $4B On Photonics1 mentions · 1▲ 0▼ 0○ · 6 months ago
0:002:005:007:0010:00