The tech-heavy Nasdaq Composite index has been in turnaround mode for the past three months — up an impressive 31% over that span after a rocky start to the year. That’s not surprising, as strong quarterly results from major technology companies seem to have boosted investor confidence in the sector.

Lumentum Holdings (LITE 1.07%) has been one of the beneficiaries of the tech stock rally. Shares of the company, which sells optical and photonic products that go into data centers and telecom networks to enable fast data transmission, have shot up by an impressive 75% in the past three months, putting them back within 10% of the peak they reached in January.

The good part is that Lumentum’s rebound wasn’t just a function of the broader market’s rally, but also because of the company’s healthy growth, which is being powered by its customers’ increasing investments in artificial intelligence (AI) infrastructure. Better still, this stock is likely to deliver more upside to investors.

Lumentum’s products are playing a key role in AI data centers

Lumentum is witnessing terrific demand for its externally modulated lasers (EMLs), which are widely deployed in high-speed optical communications applications such as data centers and telecom networks. Their ability to transmit data over long distances at high speeds makes them ideal for deployment in AI data centers.

On Lumentum’s May earnings call, CEO Michael Hurlston noted:  “We set another record for EML chip set shipments this quarter and remain on track to more than double this business by the end of calendar 2025.” At the same time, the company is going to further expand its production capacity of EMLs in an effort to meet the end-market demand.

That’s the smart thing to do, considering that according to market research firm LightCounting, the optical transceiver market is expected to generate $10 billion in revenue in 2026 — as compared to $5 billion in 2024 — before rising to $20 billion in 2030. 

LITE Revenue (Quarterly) data by YCharts

The company’s revenue in its fiscal 2025 third quarter increased by 16% year over year to $425.2 million. Its adjusted earnings per share jumped by more than 500% — from $0.09 to $0.57 — on the back of an improvement in manufacturing utilization rates as well as the higher margins of its laser components deployed in AI servers.

Analysts’ consensus estimates are for a 20% increase in Lumentum’s revenue this year to $1.6 billion. Importantly, its top-line growth is expected to remain solid next year as well, thanks to the improving demand for AI-focused optical components.

LITE Revenue Estimates for Current Fiscal Year data by YCharts.

Even better, that top-line growth is expected to filter down to the bottom line as well. The analysts are forecasting a 94% increase in earnings in the current fiscal year to $1.96 per share. 

LITE EPS Estimates for Current Fiscal Year data by YCharts.

That won’t be surprising when we take into account the margin gains that its laser components deployed in AI data centers are delivering.

Why this AI stock is set up for more upside

What’s worth noting is that Lumentum is trading at an incredibly attractive valuation despite the impressive growth that it has been clocking. It has a forward earnings multiple of 24, which is lower than the tech-laden Nasdaq-100 index’s average forward price-to-earnings ratio of 29.

Even assuming Lumentum continues to trade at a discount to the broader index after a couple of years, if it delivers the healthy earnings growth that analysts are anticipating, its stock could fly higher. Based on a P/E ratio of 24, its projected earnings of $5.21 per share in its fiscal 2027 point toward a stock price of $125. That would be 37% above the current level.

However, don’t be surprised to see this AI stock jumping higher than that, as the market could reward it with a premium multiple thanks to its strong earnings growth. That’s why even after its impressive rebound over the past three months, investors should consider buying Lumentum before it possibly flies even higher.

The worldwide “AI-Driven Drug Repurposing Solutions Market” 2025 Research Report presents a professional and complete analysis of the Global AI-Driven Drug Repurposing Solutions Market in the current situation. This report includes development plans and policies along with AI-Driven Drug Repurposing Solutions manufacturing processes and price structures. the reports 2025 research report offers an analytical view of the industry by studying different factors like AI-Driven Drug Repurposing Solutions Market growth, consumption volume, Market Size, Revenue, Market Share, Market Trends, and AI-Driven Drug Repurposing Solutions industry cost structures during the forecast period from 2025 to 2032. It encloses in-depth Research on the AI-Driven Drug Repurposing Solutions Market state and the competitive landscape globally. This report analyzes the potential of the AI-Driven Drug Repurposing Solutions Market in the present and future prospects from various angles in detail.

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BenevolentAI Limited

Insilico Medicine Inc.

Atomwise Inc.

Healx Ltd.

Cyclica Inc.

Recursion Pharmaceuticals Inc.

BioXcel Therapeutics Inc.

Iktos SAS

Standigm Inc.

Berg LLC

Valo Health Inc.

twoXAR Pharmaceuticals Inc.

Evaxion Biotech A/S

Lantern Pharma Inc.

Exscientia plc

Verge Genomics Inc.

Deep Genomics Inc.

Owkin Inc.

Segmentation by Type:

Machine learning platforms

Knowledge graphs

Deep learning models

Segmentation by Applications:

Rare diseases

Oncology

Infectious diseases

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Austin, July 11, 2025 (GLOBE NEWSWIRE) — Legal AI Market Size & Growth Insights:

According to the SNS Insider,“The Legal AI Market Size was valued at USD 1.1 billion in 2023 and is projected to reach USD 4.9 billion by 2032, expanding at a CAGR of 18.13% between 2024 and 2032.”

Growth is driven by early adoption of AI in legal research, contract analytics, and compliance management. Rising legal costs and demand for automation in corporate legal departments are expected to further accelerate market expansion.

Get a Sample Report of Legal AI Market Forecast @ https://www.snsinsider.com/sample-request/6862 

Leading Market Players with their Product Listed in this Report are:

• IBM Corporation
• Thomson Reuters
• LexisNexis
• ROSS Intelligence
• Luminance Technologies
• LawGeex
• Casetext
• Cognitiv+
• Ayfie Group
• Ravn Systems (iManage)
• Kira Systems
• Evisort
• Onna Technologies
• Legalsifter
• Veritone Inc

Legal AI Market Report Scope:

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Key Industry Segmentation

By Component: Solution Dominates, Services Fastest Growing

The solution segment dominated the market and held the largest market share of more than 74% in 2023, as increased deployment of AI software for legal research, contract analytics, and risk management. Such solutions allow for the automation of tedious tasks and help practices stay compliant with changing regulations, thus providing high ROI. As generative AI continues to evolve, legal models that were trained on large data sets of written documents are being tailored toward specific legal functions.

The services segment is expected to grow at the fastest CAGR during the forecast period due to organizations opting for consulting, integration, and maintenance services. There is also a high demand for managed services to support cloud-based AI platforms and ensure seamless legal operations.

By Technology: Machine Learning Leads, NLP Fastest Growing

Machine Learning and Deep Learning technologies dominated the market in 2023 and accounted for 65% of revenue share, owing to their widespread use in case prediction, outcome analysis, or compliance tracking. All these technologies are being utilized by law firms to classify documents, detect fraud, sentiment, and you name it; all of which ultimately translate into better outcomes for clients along with greater operational efficiency for law firms.

Natural Language Processing (NLP) is forecasted to witness the fastest growth as it is vital for language understanding, document summarization, and conversational legal assistance via chatbots. The concept of NLP-powered tools is changing the way legal professionals review contracts and break down long documents, resulting in quicker speeds and lower costs.

By Application: Legal Research Dominates, Legal Chatbots Growing Fastest

Legal research dominated the market in 2023 and accounted for a significant revenue share. This is attributable to the widespread adoption of AI to process case law, statutes, and regulations much more efficiently than traditional methods. AI tools help decrease research time and increase the precision of insights, leading legal teams to spend more time on strategy and more time in front of their clients.

legal chatbots are poised for the fastest growth as firms and legal departments are implementing conversational AI to help answer client questions, assist with first-phase client intake, and get quick access to legal facts. Chatbot applicability is on the rise through their increased implementation as legal customer service tools as well as public legal aid platforms in various jurisdictions.

By End-Use (Law Firms & Corporate Legal Departments): Law Firms Dominate, Corporate Legal Growing Fastest

Law firms’ segment dominated the Legal AI market in 2023 and accounted for a significant revenue share, attributed to the early adoption and investment of AI tools by law firms due to the need to stay competitive and enhance client satisfaction. AI helps them derive insights from case histories, model legal drafting, and develop the best litigation strategies.

The Corporate Legal Departments segment is growing at the fastest pace, as they need to process large amounts of contracts, regulatory documents, and internal compliance checks. It delivers better control, risk mitigation, and internal efficiency of the third-party process to these departments using AI.

Do you have any specific queries or need any customized research on Legal AI Market? Submit your inquiry here @ https://www.snsinsider.com/enquiry/6862 

By Region: North America Dominates, Asia-Pacific Growing Fastest

North America led the Legal AI market in 2023 and accounted for 44% of revenue share, driven by robust technological infrastructure, heavy investments in legal tech, and early adoption by top-tier law firms and legal service providers. U.S.-based firms are leveraging AI to boost client servicing, litigation analysis, and internal compliance.

The Asia-Pacific region is poised to grow at the highest CAGR through 2032. Countries like India, China, and Singapore are witnessing a rise in legal digitization, backed by government reforms and increasing adoption of AI in corporate legal sectors. Rising legal complexities and the globalization of law firms are fueling AI integration in the region.

Table of Contents – Major Points

1. Introduction

2. Executive Summary

3. Research Methodology

4. Market Dynamics Impact Analysis

5. Statistical Insights and Trends Reporting

6.  Competitive Landscape

7. Legal AI Market Segmentation, by Component

8. Legal AI Market Segmentation, by Technology

9. Legal AI Market Segmentation, by Application

10. Legal AI Market Segmentation, by End-Use

11. Regional Analysis

12. Company Profiles

13. Use Cases and Best Practices

14. Conclusion

About Us:

SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company’s aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.