VENDOR · US
Citi raises price target for optical networking vendor on AI data-center demand
Citi issued an $11 billion switching call covering optical chipmakers (Lumentum, Coherent, Corning), citing AI inference and training data-center infrastructure buildout as growth driver.
WHY IT MATTERS
Large-scale AI model deployments in banking (risk modeling, trading, NLP) depend on AI-optimized data-center networking; supply-chain bottlenecks on optical switching could delay enterprise AI rollouts.
Source: 24/7 Wall St. · 2026-09-29