Lumentum Holdings Inc. (NASDAQ:LITE) is one of the
14 Stocks That Will Skyrocket.
This stock is part of a pitch by James Altucher. Some of the teasers that he uses in his coverage point out that the firm is “already mass producing a completely new kind of hardware.” He further builds on it and adds that it not only “has proven a radical new idea, an optical connector, can increase the speed of existing AI chips,” but this idea “can boost NVIDIA”s “AI Speed” by up to 5,500%.”
However, instead of relying on the teasers, Gumshoe used the image of the firm’s headquarters used in the pitch to identify the company. Top marks for investigative work, we’d say. So what is the fruit of this detective work? This firm turns out to be optical connectivity products manufacturer Lumentum Holdings Inc. (NASDAQ:LITE). It is one of the top-performing stocks on the market as the shares are up by a whopping 1,292% over the past year and by 133% year-to-date.
While we acknowledge the potential of LITE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy.
Disclosure: None. Follow Insider Monkey on Google News.
