This Artificial Intelligence (AI) Stock Has Jumped 328% in 1 Year. It Can Soar Higher After Feb. 3. (Hint: It’s Not Palantir.)

This Artificial Intelligence (AI) Stock Has Jumped 328% in 1 Year. It Can Soar Higher After Feb. 3. (Hint: It’s Not Palantir.)

https://www.nasdaq.com/articles/artificial-intelligence-ai-stock-has-jumped-328-1-year-it-can-soar-higher-after-feb-3-hint

Publish Date: 2026-01-16 07:42:00

Source Domain: www.nasdaq.com

• Lumentum Holdings has experienced significant growth in revenue and earnings, with its stock price increasing by 328% over the past year.
• The company continues to exceed Wall Street’s earnings expectations, driven by robust demand for its optical and photonic components used in AI data centers.
• Lumentum’s non-GAAP operating margin increased substantially year over year, and its revenue and adjusted earnings have grown at double-digit rates.
• The company forecasts continued strong growth for fiscal Q2, with revenue expected to increase by 62% year over year and adjusted earnings more than tripling.
• Despite Lumentum’s high current valuation, its future earnings growth potential makes it a compelling investment, especially as it serves a growing AI market.
• Lumentum trades at a lower valuation than Palantir Technologies despite higher current year-over-year earnings growth, indicating potential for further upside.