Companies / LITE
NASDAQLumentum Holdings (LITE) in our theses
Lumentum Holdings appears in one of our theses. Below is why it entered the basket and how it has done since publication.
The AI bottleneck moves from chips to the network: all that 1.6 Tb/s of bandwidth hangs on a handful of InP laser makers
The AI boom is shifting the bottleneck from silicon to the network: 1.6 Tb/s modules rest on indium phosphide EML lasers, made by a handful of companies.
Why this company: A leading merchant supplier of EML/DML lasers to data centers; expanding InP capacity for AI demand. When lasers are the bottleneck, the margin goes to the laser chip maker, not the module assembler.
Where these numbers come from
The reference price is recorded on the thesis publication date and never changed afterwards. The current price is refreshed several times a day. Returns are in the listing currency and exclude dividends, so for dividend payers the real total return was somewhat higher.
This is not a recommendation to buy or sell. A company enters a basket as a beneficiary of the mechanism described in the thesis, and the full argument is on each thesis page.
See all of our theses
Each with a publication date, a causal map and a score assigned before the market ruled.
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