LITE

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.