NASDAQ:LITE - Nasdaq - US55024U1097 - Common Stock - Currency: USD
Viavi Solutions stock had its Relative Strength (RS) Rating upgraded to 93 Tuesday, up from 78 a day earlier.
The firm said it had begun the search for Hurlston’s replacement. In the meantime, CFO Ken Rizvi will serve as interim CEO.
Mentions: SYNA
Nvidia stock has been one of the biggest winners of the artificial intelligence (AI) revolution in the past couple of years, clocking remarkable gains of nearly 800% over the past two years on account of the red-hot demand for its data center graphics cards, but the past three months have been difficult for the chipmaker. What's more, Nvidia's guidance was also better than what analysts were looking for. Meanwhile, two other little-known chip companies have received a big boost in the past three months thanks to the positive impact of AI on their businesses: Ambarella (NASDAQ: AMBA) and Lumentum Holdings (NASDAQ: LITE).
IBD's Telecom-Fiber Optics group is now ranked No. 3 out of 197.
Macom Technology has joined the ranks of chipmakers that have gotten a lift from sales to AI data centers. MTSI stock surged this week.