LITE — All updates

Next up, guys, breakout watch alert on LIIT. Look at this push that finally put in another daily close above this declining trend line to show you guys we've been contained within this uh inclining parallel since back here in October of last year.

And you see now we've we've hit this trend line several times. Matter of fact, you can count them. Look once here to originate. 2 3 4 5 6 7 8. We're now hitting it the ninth time. now putting in a daily close.

Now, we've done this before back here on September 9th, but what's going to be the caveat or at least the catalyst to ensure that we get a breakout? It likely will come tomorrow afternoon after the close when we get that micron reporting.

So, that's another stock that relies heavily on this AI data center buildout.

Finally, I'd like to mention LITE, which has started to make a bit of a splash here. It has broken below last week's lows here, and is steadily approaching the key 840 level. A small, good price gap that was filled by the decline.

But we do know that LITE has seen a strong rebound since its lows here in July. The price has increased by more than 72%, which is amazing. The reason I'm monitoring this level closely is because there's a strong upward trend line.

Breaking through this line and then confirming below it suggests a move closer to the $750 area, which is the price I am targeting for a possible technical bounce in the near term.

Well, it doesn't matter from which angle you look at this graph. I believe this stock has outperformed. Absolutely, and it's a great starting point from your last interview. As you know, this is the kind of stock they need to build AI systems on the back-end technical side.

Photonics, optical fibers – these things are essential for the high-speed, low-latency communications that all data centers here need. Superior and explosive performance. Lumentum's stock rose by approximately 480% over the past year,

Specifically right here on LITE, notice we've got a declining trend line generated from May 12th connected over to this next major pivot on May 7th or on August 17th, and today price action pierced that range and have since now retreated back down to close the day basically right here on this declining trend line.

Now, so we haven't officially closed above, but we are on literally the warning track of closing above and generating another potential breakout for LITE.

Last March, Nvidia invested $2 billion in both Lumentum (ticker: LTE) and Coherent (ticker: COHR). They are two companies that manufacture lasers and transmitters/receivers. Nvidia has entered into significant purchase commitments with both of them.

While the industry's shift toward integrated optics is worrying Wall Street, the development of AI infrastructure is currently adding optical ports at a much faster pace than the integration of lasers into integrated optics.

Therefore, I believe laser sales will remain strong for years to come. In fact, Lumintum's revenues more than doubled last year.

Next up guys into Light. Now, Light, we highlighted this before, this declining trend line where price jockeyed around. We can see a failed breakout attempt here, price retreated back, and then we broke out here on this candle, confirmed with the continued push up here on this August 17th.

And Lumenum, ticker symbol LIT, which makes lasers to replace copper wires inside data center racks.

Lummentum doesn't report their data center numbers anymore, but their revenues grew by 83% year-over-year, which probably didn't come from telecom companies.

Lumenum reported a billion dollars in revenue last quarter, which was up 109% year-over-year. Adjusted earnings per share came in at $3.23 23 versus just 88 a year ago, which means their earnings are up 267% from last year.