Lumentum Holdings Inc. (NASDAQ:LITE) is one of the 14 Stocks That Will Skyrocket.

This stock is part of a pitch by James Altucher. Some of the teasers that he uses in his coverage point out that the firm is “already mass producing a completely new kind of hardware.” He further builds on it and adds that it not only “has proven a radical new idea, an optical connector, can increase the speed of existing AI chips,” but this idea “can boost NVIDIA”s “AI Speed” by up to 5,500%.”

Lumentum (LITE) Shares Up Significantly After It Was Said To Have A Radical New Idea

However, instead of relying on the teasers, Gumshoe used the image of the firm’s headquarters used in the pitch to identify the company. Top marks for investigative work, we’d say. So what is the fruit of this detective work? This firm turns out to be optical connectivity products manufacturer Lumentum Holdings Inc. (NASDAQ:LITE). It is one of the top-performing stocks on the market as the shares are up by a whopping 1,292% over the past year and by 133% year-to-date.

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 Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.