Last week, Lumentum Holdings Inc. (NASDAQ:LITE) was a top performer, with its share prices jumping by 15.52 percent as investors anticipated its earnings performance and a higher price target from Morgan Stanley of $350. Despite maintaining an “equal weight” rating, the stock saw significant volume as investors expressed bullish sentiment on earnings power and opportunities in optical circuit switching. However, concerns about how much higher expectations can go have led to a more neutral outlook from investors. For those interested in AI stocks, there are other options with greater promise and limited downside risk.

Read more at Yahoo Finance: Lumentum Holdings (LITE) Soars 15% on PT Hike Ahead of Earnings