[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"content-doc-dcio5a20f310":3},{"user":4,"document":8,"mainDocument":27,"columnUrl":29,"subscription":30,"footer":42,"text":77},{"isAuthenticated":5,"isAdmin":5,"displayName":6,"avatarUrl":6,"nid":6,"groupLevel":7},false,"",-10,{"id":9,"fullTitle":10,"subTitle":6,"url":11,"columnId":12,"columnName":13,"columnUrl":14,"summary":6,"contentHtml":15,"mainContentHtml":6,"posterUrl":16,"createDate":17,"displayDate":18,"displayDateSlash":19,"pageviews":20,"tags":21,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":23,"videoId":6,"liveVideoUrl":6,"duration":24,"price":24,"priceText":25,"priceBadgeText":25,"priceBadgeClass":26,"freeForMinGroupLevel":24,"redirectUrl":6,"readyToStream":5},"dcio5a20f310","美股 光模块巨头LITE带动板块暴涨，把未来三年的产能全卖光","\u002Fdoc\u002Fdcio5a20f310","col18178739ee","美股资讯","\u002Fcol\u002Fcol18178739ee","\u003Cp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">AI数据中心带来的光互连需求正把上游产能推向极限。全球光电器件龙头Lumentum表示，美国大型科技公司对其光学组件的采购正在加速，公司在未来两个季度内就可能把直到2028年的产能全部售罄。相关美股 LITE COHR GLW AAOI FN\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">据彭博报道，Lumentum首席执行官Michael Hurlston周五在东京接受采访时称，美国超大规模云厂商的资本开支规模“巨大且看不到尽头”，公司“正越来越跟不上需求，仅需两个季度，我们就能将整个2028年的产能全部售罄\"。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">这一表态将公司此前“至少售罄至2027年底”的披露进一步推远，也强化了市场对AI数据中心建设需求韧性的预期，即便伊朗战争扰动油市并冲击全球经济。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">市场反应迅速。该公司股价在美股盘前一度上涨7.6%，其言论也带动竞争对手Coherent走强。两家公司上月分别获得英伟达各20亿美元投资，英伟达同时获取先进激光组件的采购协议与相关权利。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">订单卖到2028，扩产12倍仍跟不上需求\u003C\u002Fspan>\u003Cbr \u002F>\u003Cspan style=\"font-size: large;\">Hurlston的最新判断，核心在于订单可见度的“锁定”。他表示，公司所称的“sold out”指的是不可取消的协议，这使得订单覆盖期的延伸对收入确定性具有直接意义。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">在他看来，这轮由AI驱动的周期不可能永远持续，但“至少五年”具备一定可持续性。对投资者而言，这一表态把市场关注点从短期波动转向更长周期的供需缺口与交付能力。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">为了追赶需求，Lumentum过去两年已将东京都市圈关键工厂的产能提升至原来的12倍。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">公司计划在该基地及邻近设施投入至少1亿美元，Hurlston称，这一投入“可能上升到2.5亿美元”。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">他同时强调，行业瓶颈正在上移到光电器件环节，压力来自客户对交付节奏的高频追问，包括“这个季度，下个季度，下下个季度”能产出多少。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">日本供应链成关键：外迁不可行，寻觅新厂址\u003C\u002Fspan>\u003Cbr \u002F>\u003Cspan style=\"font-size: large;\">Lumentum的相模原工厂被其称为全球最先进的磷化铟器件生产基地之一，能够提供稳定且高质量的输出。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">但相模原及邻近的Takao厂区可用于新增设备的空间有限，公司正在日本物色新址扩产，目标是可改造的老旧电子制造厂房，以缩短新增产能上线时间。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: 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large;\">公司已与一家日本供应商签署为期七年的安排，Hurlston称其“非常关键”。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003C\u002Fp>","https:\u002F\u002Fwww.tradesmax.com\u002Fimages\u002Fa_Stock\u002FL\u002FLITE\u002FLITE.jpg","2026-04-10T19:07:15","2026.04.10","2026\u002F04\u002F10",32122,[22],"LITE","Article",0,"免费","success",{"id":9,"fullTitle":10,"subTitle":6,"url":11,"columnId":12,"columnName":13,"columnUrl":14,"summary":6,"contentHtml":15,"mainContentHtml":6,"posterUrl":16,"createDate":17,"displayDate":18,"displayDateSlash":19,"pageviews":20,"tags":28,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":23,"videoId":6,"liveVideoUrl":6,"duration":24,"price":24,"priceText":25,"priceBadgeText":25,"priceBadgeClass":26,"freeForMinGroupLevel":24,"redirectUrl":6,"readyToStream":5},[22],"\u002Fcol\u002Fstocknews",{"visible":5,"marketingHtml":31,"services":32,"recentDocuments":41},"\u003Cfigure class=\"image\">\u003Ca href=\"https:\u002F\u002Fstockwe.com\u002Fdoc\u002Fdcio537efad5\" target=\"_blank\" 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