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Valued at $4.4 billion by market cap, Lumentum Holdings (LITE) is a key player in artificial intelligence (AI) infrastructure. As a manufacturer of specialized optical networking communication products, the company works with hyper-scalers to provide high-capacity solutions at scale for AI data centers.
Mid-cap LITE has edged out the broader equities market with its solid price performance. The shares have gained 23.3% on a YTD basis, and 67.6% over the past 52 weeks.