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      Lumentum and Coherent Stocks Rise on AI Demand and Analyst Upgrades

      Lumentum Holdings Inc. and Coherent Corp. experienced a boost in premarket trading following reports of increased demand for optical equipment linked to artificial intelligence applications. This surge in interest comes as both companies are supported by Nvidia, a key player in the AI sector.

      JPMorgan analysts have raised their price targets for both Lumentum and Coherent, reflecting a positive outlook on their performance in the growing AI market. Corning Inc., another manufacturer of optical equipment, also saw gains in premarket trading, indicating a broader optimism within the sector.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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