Jim Cramer Shows Bullish Sentiment as He Says He Would “Buy Lumentum”

Lumentum Holdings Inc. (NASDAQ:LITE) was among the stocks on Jim Cramer’s radar on Mad Money as he discussed the upcoming earnings. Cramer showed a bullish sentiment toward the stock, as he remarked:

Oh, you know what? Let me give you two more. I would buy Lumentum… Two companies that help the machines in the data center talk to each other.

Lumentum Holdings Inc. (NASDAQ:LITE) designs and sells optical and photonic products, including lasers and components, for cloud networking, data centers, and industrial applications. Cramer mentioned the stock during the April 1 episode and said:

Next up, the second-best performer in the S&P was Lumentum Holdings. That’s a fiber optics play that just got added to the index last week, hence the 90.7% gain in the first quarter after the stock quadrupled last year. As long as the AI data center build-out continues unabated, I think these fiber optics stocks can keep winning, although maybe not as much as they’ve been winning over the last 15 months. Still, good for them. Welcome to the big show, Lumentum.

While we acknowledge the risk and potential of LITE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than LITE and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years 

Disclosure: None. Follow Insider Monkey on Google News.