Lumentum Has Gained 1,061% in 690 Days Inside Eric Bleeker's AI Portfolio

Eric Bleeker added Lumentum to his AI Portfolio at an entry price of $83.85, and the position has since returned 1,061 percent, an eleven-bagger. It reached that milestone in roughly 690 days, just under two years.

Lumentum is one of the optical component names whose products sit at the physical layer of AI data center infrastructure, where demand for high-bandwidth interconnects has surged as hyperscalers expand capacity. That demand backdrop has supported the compounding in optical plays.

The return has oscillated considerably over recent months, touching a low near 677 percent before recovering above 1,000 percent. That volatility reflects how sensitive optical-component stocks remain to shifts in data center spending cycles and supply chain timing.

For investors watching the position now, the key question is whether the AI infrastructure buildout that drove the original thesis continues to expand at a pace that justifies the valuation implied by an eleven-bagger return. The position, as Bleeker notes, is still compounding, meaning he has not exited, which itself carries information about his conviction at current levels.