Home Stock Ideas Long Ideas Tech  Summary Lumentum (LITE) posted 90% revenue growth and 32.2% operating margins despite major shortages across several critical optical infrastructure products. Q4 guidance reached up to $1.01B revenue, while hyperscalers continue locking long-term supply agreements and take-or-pay structures. NVIDIA’s $2B investment validates photonics as a strategic AI bottleneck rather than another cyclical networking hardware opportunity. Rising optical density across multi-data-center AI clusters expands demand beyond transceivers into lasers, switches, and future CPO architectures. KanawatTH/iStock via Getty Images Following Lumentum’s ( LITE ) earnings I became even more confident in my bullish rating as it seems that the company is getting more and more positioned within the realm of core AI infrastructure bottlenecks. Meaning Analyst’s Disclosure: I/we have a beneficial long position in the shares of LITE either through stock ownership, options, or other derivatives.…