To The Moon

$Marvell Technology(MRVL)$ The buyer tends to dip on the news, while the target tends to rip. $Lumentum(LITE)$  is the target here, so that side looks positioned to move up.

$Lumentum(LITE)$ $Marvell Technology(MRVL)$ $NEBIUS(NBIS)$ Overnight trading looks manipulated on small volume. Once a large buy order shows up, bears tend to step aside. Prices seem to have already bottomed out.

$Lumentum(LITE)$  If anyone saw a Marvell–Lumentum headline somewhere specific, send me the link and I'll check it. It could be a rumor or a very new report that hasn't shown up in my searches yet.

$Applied Optoelectronics(AAOI)$ $Lumentum(LITE)$  $Coherent(COHR)$ Photonics is the play for tomorrow, and AAOI is my number one pick.

$Lumentum(LITE)$ Shorts are looking a little uneasy right now. Call sellers seem to be in the same spot.

$Micron Technology(MU)$ $Lumentum(LITE)$  could get above $1,100 before the end of the week, with $SanDisk Corp.(SNDK)$  above $1,000 and $1,600 respectively. They still look cheap at these levels. $SK hynix(SKHY)$  reinforces that memory and neocloud are the right areas to focus on.

$Lumentum(LITE)$ It's been holding the 50 WMA plus trendline support pretty well so far this week. From here, the path back up through this price range looks fairly clear. Earnings are due on Nov. 5th after the market close.

$Coherent(COHR)$ Needham maintained a Buy rating on Coherent and cut its price target to $380. That still works out to roughly 70% upside. The average analyst price target is $396, which implies about 85% upside. Coherent has also been falling more on red days and rising less on green days compared with peers like $Lumentum(LITE)$  and AAOI. The gap is a bit odd, since Coherent is the only one of the three that is actually profitable. RSI is similar to AAOI, though still much more oversold than LITE.

Celestica put up a strong quarter, with revenue up 83%, networking up 23% from the prior quarter on hyperscale switch programs, and a first look at 2027 of $40 billion versus $21 billion this year. The sequence stands out though. $Lumentum(LITE)$  ran 9%, $Coherent(COHR)$  6%, and $AXT Inc(AXTI)$  8% during the day before the number even came out, while Celestica itself slid 5%. After hours it jumped about 10%, with $Celestica(CLS)$  finally catching up to its own suppliers. Investor Day is at 8 AM, so the question is whether there's real follow through in $Applie

$Lumentum(LITE)$ Up 10.6% to 836.16, bounced hard off 756.00 but still well below the 20-day at 949.50. Holding 800 puts 878.90 in play next; losing it would mean the bounce loses steam.