Viavi Solutions (VIAV) Powers to 24-Year High

Viavi Solutions Inc. (NASDAQ:VIAV) is one of the 10 Stocks With Effortless Gains.

Viavi Solutions soared to a new 24-year high on Tuesday, as renewed optimism for the artificial intelligence sector spilled over to listed optical component makers.

In intra-day trading, the stock climbed to a record high of $38.55 before paring a cent to finish the session up by 7.44 percent at $38.54 apiece. The last time it touched the said level was in December 2001.

viavi

Single ‘go-to’ tools for fiber, Ethernet, WiFi 7 and DOCSIS testing to enable fast, reliable multi-gig activation and validation. Photo by Viavi Solutions

Viavi Solutions Inc. (NASDAQ:VIAV) rallied alongside its counterparts, namely Coherent Corp., Lumentum Holdings, and Applied Optoelectronics, among others, as investors placed bets on sectors riding the AI wave as a risk-mitigation strategy from the ongoing tensions in the Middle East.

In other news, Viavi Solutions Inc. (NASDAQ:VIAV) said that it recently partnered with Ground Control to integrate its Secure microPNT STL-1000 LEO Receiver Module into the RockFleet Assured asset tracking and assured navigation solution.

According to the listed firm, the Secure microPNT STL-1000enables tracking, authentication and assured navigation in Denied, Degraded, and Disrupted Space Operational Environment (D3SOE), providing resiliency capabilities to safeguard critical infrastructure and assets.

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