Lumentum Stock Rises on Strong Guidance Ahead of CPI Data | WEEX TradFi Daily Brief

Lumentum stock rose after strong earnings and higher guidance highlighted continued demand for AI optical products, while SK Hynix led gains across the storage sector. 

SpaceX shares pulled back on profit-taking, as markets turned their attention to the July CPI report and upcoming earnings from Cisco, Cerebras Systems and Coherent.

1 Stock Highlights

1）Lumentum (LITE) Raises Guidance on Strong AI Optical Demand

Lumentum (LITE) reported fiscal Q4 revenue of approximately $1.01 billion after the close on Aug. 11, marking substantial year-over-year growth, with non-GAAP gross margin and operating margin both rising significantly. The company issued robust next-quarter revenue guidance of $1.225–1.275 billion, driven primarily by AI data-center optical modules and CPO orders. Investors will focus on delivery execution and further margin expansion.

Watchlist: LITE
Spot: LITEB
Futures: LITE

2）Why Is SK Hynix Stock Rising as Storage Stocks Rally?

Storage-related names advanced against the broader market, led by SK Hynix, with SanDisk and Seagate also rising in tandem. SK Hynix restarted construction of its NAND flash Phase II facility in Dalian, aiming to increase local capacity by roughly half. Rigid AI-server demand for high-bandwidth and high-capacity storage, combined with supply-side expansion signals, drove capital back into the storage chain.

For a deeper look at the company’s valuation outlook, read WEEX’s analysis of SK Hynix stock price targets and analyst expectations.

Watchlist: SKHY, SNDK, STX
Spot: SKHYB SNDKB STXON
Futures: SKHY STX

3）SpaceX Shares Pull Back as Profit-Taking Emerges After Lock-Up

SpaceX (SPCX) closed lower. Following the earlier lock-up expiration, the stock had posted substantial consecutive gains, prompting investors to take profits. The long-term thesis around AI compute and Starlink remains intact, but near-term volatility has increased.

Watchlist: SPCX
Spot: SPCXB
Futures: SPCX

4）July CPI Preview: What It Could Mean for Stocks

The July CPI will be released at 20:30 (UTC+8). Market consensus points to core CPI rising about 0.2% month over month, with the year-over-year rate potentially easing toward 2.5%. A hotter-than-expected print could reinforce tightening concerns and pressure risk assets; an in-line or softer reading would help stabilize sentiment. Combined with ongoing Hormuz Strait negotiation uncertainty affecting oil prices, liquidity conditions and sector rotation are likely to be significantly influenced.

Watchlist: SPY, QQQ
Spot: SPYB QQQB
Futures: SPY QQQ

2 U.S. Earnings Preview

Cisco, Cerebras Systems, and Coherent are scheduled to report after the U.S. market close on Aug. 12. Key areas to watch include:

1）Cisco Systems (CSCO)

Focus on enterprise AI agent initiatives and revenue growth, with particular attention to AI infrastructure and cybersecurity performance as well as full-year guidance.

Watchlist: CSCO
Spot: CSCOON
Futures: CSCO

2）Cerebras Systems (CBRS)

A high-profile AI chip unicorn. Key focus areas include wafer-scale engine shipments, cloud inference revenue, and progress with major customers.

Watchlist: CBRS
Spot: CBRSON
Futures: CBRS

3）Coherent (COHR)

A leading photonics and semiconductor company. Focus areas include AI optical communications and laser business growth, margin expansion, and next-quarter guidance.

Watchlist: COHR
Spot: COHRON
Futures: COHR
 

WEEX bStocks Ecosystem Trading Zone Now Live — $100,000 Reward Pool Open for a Limited Time

Market themes rotate rapidly, and more traders are capturing opportunities through bStocks. Join the WEEX bStocks ecosystem campaign to trade hot themes and share in a $100,000 reward pool. Limited-time event — participate now and seize the market edge.
Join Now

WEEX Spot now supports 200+ tokenized stocks with 24/7 trading, giving you round-the-clock access to global market opportunities.
Trade Now: WEEX Spot Stocks

WEEX TradFi now features 310+ tokenized stocks with deep liquidity and a smoother trading experience.
Explore TradFi: WEEX TradFi

WEEX is committed to safeguarding users’ assets through a strict 1:1 Proof of Reserves mechanism. Every user asset on the platform is backed by an equivalent reserve, ensuring full transparency, verifiable holdings, and enhanced security.
View WEEX Proof of Reserves: WEEX Proof of Reserves

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.