Lumentum Holdings Inc. (LITE) soared 5.02% intraday on Monday, extending its powerful rally driven by multiple catalysts in the AI optical communications space.

The gain comes amid heightened investor optimism following NVIDIA's reported $6 billion optical module investment commitment, which directly benefits Lumentum as a core infrastructure supplier of EML lasers, transceivers, and optical circuit switches for AI data center interconnects. Lumentum's CEO has confirmed the company is in a "sold out" state, indicating extreme supply-demand tightness that grants the company significant pricing power.

Additionally, the stock is buoyed by earnings anticipation ahead of its upcoming quarterly report, with the company deeply integrated with NVIDIA's supply chain and optical circuit switching order backlog exceeding $400 million. The broader trend shows investors are increasingly focusing on companies solving AI infrastructure bottlenecks like networking and interconnects, where Lumentum has been outpacing the market.