Tyler Crowe

But is this just a shorter term catalyst of a typically cyclical business?

Or is this something that's fundamentally different about the business and we as investors should look at it?

differently.

Hearing both your response and thinking about it myself, I've always kind of looked at it in the same sense of these are all, how bullish are you on AI build-out?

And you can look at the rates of spending and all the studies that are going out related to this.

And if you are a wholesale believer in what is being published and what is being projected for AI spending, then absolutely, these are four, five, six-year catalysts that are going to be hard to avoid as investors.

It all comes down to how much you believe it.

We've discussed it many times here before, and I feel bad like a broken record saying it all over again, but it really does come down to how much of a believer in this AI infrastructure build-out you are.

Coming up next, we're going to even talk more about this with earnings related to Lumentum.

Similar to the stock move that we saw with Cisco earlier today, shares of Lumentum were up as high as 21% on recent earnings reports.

This is a company that we got a question about from one of our listeners, Nathan Holstein.

It's also a prominent member of several scorecards on the hidden gem side of various Motley Fool investing services.

It's been recommended a couple times by our CEO, Tom Gardner, and some of the other investors.

in some of our recommendation services.

So it is something that's probably on a lot of investors' minds today.

So we wanted to get into earnings and try to get to Nathan's question as much as possible.

But this isn't probably one people have heard about a lot.

It's really one of those behind the scenes sort of businesses.

So Matt, before you dig into what was actually in the report, give us like the too long didn't read of the 10K for Lumentum as what it actually does.

When we were talking about Cisco, we were talking about a historically cyclical business that has this catalyst that is driving things.