Viavi Solutions Inc. (NASDAQ:VIAV) is one of the 10 Stocks With Effortless Gains.
Viavi Solutions soared to a new 24-year high on Tuesday, as renewed optimism for the artificial intelligence sector spilled over to listed optical component makers.
In intra-day trading, the stock climbed to a record high of $38.55 before paring a cent to finish the session up by 7.44 percent at $38.54 apiece. The last time it touched the said level was in December 2001.
Single ‘go-to’ tools for fiber, Ethernet, WiFi 7 and DOCSIS testing to enable fast, reliable multi-gig activation and validation. Photo by Viavi Solutions
Viavi Solutions Inc. (NASDAQ:VIAV) rallied alongside its counterparts, namely Coherent Corp., Lumentum Holdings, and Applied Optoelectronics, among others, as investors placed bets on sectors riding the AI wave as a risk-mitigation strategy from the ongoing tensions in the Middle East.
In other news, Viavi Solutions Inc. (NASDAQ:VIAV) said that it recently partnered with Ground Control to integrate its Secure microPNT STL-1000 LEO Receiver Module into the RockFleet Assured asset tracking and assured navigation solution.
According to the listed firm, the Secure microPNT STL-1000enables tracking, authentication and assured navigation in Denied, Degraded, and Disrupted Space Operational Environment (D3SOE), providing resiliency capabilities to safeguard critical infrastructure and assets.
While we acknowledge the potential of VIAV as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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