Lumentum Holdings experienced a strong upward surge driven by extraordinary demand visibility within the artificial intelligence infrastructure ecosystem. The primary catalyst was executive commentary confirming that the company’s optoelectronic and photonic component capacity is effectively fully sold out through early 2029. Management highlighted severe supply-demand imbalances, noting that current manufacturing capacity is unable to satisfy a significant majority of customer orders for high-performance optical products through next year, with supply deficits persisting across key product lines into late-decade horizons. This extension of booked capacity underscores the intense momentum from cloud hyperscalers racing to construct…