Optimum Communications Inc. (OPTU): Billionaire Brian Higgins Is Loading Up on This Communications Stock

We just covered Billionaire Brian Higgins’ 10 Stock Picks With Huge Upside Potential and Optimum Communications, Inc. (NYSE:OPTU) ranks 5th on this list.

Optimum Communications, Inc. (NYSE:OPTU) has featured in the 13F portfolio of King Street Capital since the second quarter of 2024. Back then, this holding comprised 2.5 million shares. By the first quarter of 2025, the fund had increased this by 52% and owned 3.8 million shares. Filings for the fourth quarter of 2025 show that the fund owned more than 8 million shares in the company, up close to 98% compared to filings for the third quarter of 2025. The firm provides broadband communications and video services under the Optimum brand in the United States, Canada, Puerto Rico, and the Virgin Islands.

Photo from X-Energy website

Optimum Communications, Inc. (NYSE:OPTU) has a high-fiber enterprise arm named Lightpath that is attracting a lot of interest from smart money managers. In January, Lightpath reported a 240% increase in AI-driven contract awards, reaching a total contract value of $362 million. Institutional investors view Lightpath as a hidden gem within the company that is being valued like a legacy cable business but growing like a high-end tech infrastructure play. The biggest bear case for OPTU has been its $26 billion debt. However, in late 2025 and early 2026, the company successfully refinanced significant portions of its obligations. In November 2025, the company secured a $2 billion incremental term loan to push out maturities.

While we acknowledge the risk and potential of OPTU 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 OPTU and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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