Shares of Lumentum Holdings (LITE) have delivered extraordinary performance in recent months, more than doubling year-to-date (YTD) and rising 1000% over the past year. The sharp appreciation has been largely driven by robust demand linked to artificial intelligence (AI) applications, which has significantly strengthened the company’s growth outlook. Moreover, its inclusion in the S&P 500 ($SPX) boosted investors’ sentiment around the stock. Lumentum specializes in optical and photonic products that serv ...