Funds Bet Billions As This AI Stock Lights Up A Buy Zone

The latest monthly list of new buys by the best mutual funds, which comes out on Friday, puts a dazzling spotlight on Lumentum (LITE). These savvy money managers scooped up an eye-catching $13.11 billion worth of Lumentum stock. The optical and photonics giant plays a key role in powering the infrastructure behind artificial intelligence, cloud computing, and next-generation communications. Demand…