Rosenblatt is Bullish on Lumentum Holdings Inc. (LITE)

On March 3, 2026, Rosenblatt expert Mike Genovese accrued the terms nonsubjective for Lumentum Holdings Inc. (NASDAQ:LITE) from $580 to $900 portion maintaining a Buy rating. Rosenblatt predicted higher net aft NVIDIA decided to put $2 cardinal successful the institution and marque multibillion-dollar acquisition agreements to unafraid aboriginal capableness availability for analyzable lasers and optical components. The expert linked the deals to the request for co-packaged optics that enactment next-generation computing systems.

On March 2, 2026, NVIDIA and Lumentum Holdings Inc. (NASDAQ:LITE) announced multiyear strategical agreements to amended optics exertion for AI infrastructure. NVIDIA made multibillion-dollar purchases and invested $2 cardinal to assistance R&D, capableness growth, and operations related to U.S. manufacturing. NVIDIA CEO Jensen Huang noted that AI is driving a important computing infrastructure buildout. Lumentum Holdings Inc. (NASDAQ:LITE) CEO Michael Hurlston said that the woody boosts collaboration connected optics technologies and promotes the improvement of a caller fabrication installation to amended accumulation capableness and velocity innovation for AI information centers.

Lumentum Holdings Inc. (NASDAQ:LITE) offers optical and photonic products. It works successful the Cloud and Networking and Industrial Tech areas.

While we admit the imaginable of LITE arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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