📡 5 Photonics Stocks I'm Watching
Lumentum (LITE)
Revenue: $1.6B/year | P/E: N/A
Lumentum makes lasers and optical parts used in AI data centers. As AI spending keeps growing, I think this company has a good chance to benefit.
Coherent (COHR)
Revenue: $5.7B/year | Forward P/E: ~30
Coherent is one of the biggest names in photonics. It sells products used in AI, telecom, and chip manufacturing, giving it several ways to grow.
Applied Optoelectronics (AAOI)
Revenue:$650-700M expected this year | P/E: N/A
AAOI makes the parts that connect AI servers together. It's a smaller company, so the stock can be more volatile, but I think it has some of the highest upside.
Corning (GLW)
Revenue:$14B/year | Forward P/E: ~21
Corning is best known for Gorilla Glass, but it also has a large optical communications business,Corning makes the fiber-optic cables used in AI data centers. It's a more established company, making it one of the safer ways to invest in this space.
AXT (AXTI)
Revenue: $110M/year | P/E: N/A
AXT manufactures indium phosphide and gallium arsenide wafers, which are key materials used to make lasers and optical chips, It's a small company, but if demand for photonics keeps growing, it could benefit over the long term.
These are all companies I'll be watching as AI infrastructure spending continues to grow and if money starts to flow to photonics through the second half as it seems to be starting.
