AI Market Trends: Optical Stocks on the Rise

Optical stocks have become the hottest trade in the AI space:

Lumentum, $LITE, is up +1,137% over the last 12 months, the 2nd-best performing stock in the S&P 500.

Over the same period, Applied Optoelectronics, $AAOI, is up +551%, Coherent, $COHR, +282%, Corning, $GLW, +223%,… pic.twitter.com/UBZ5xGcwxa

— The Kobeissi Letter (@KobeissiLetter) April 5, 2026