ALAB vs LITE: AI Stock Comparison

• “A substantial portion of our revenue is driven by a limited number of our end customers, and the loss of, or a significant reduction in, demand from one or a few of our top end customers…” — 10-K risk factor (filed 2026-02-20) · source
• “We rely on our relationships with leaders in the data center and AI infrastructure ecosystem to test and validate our products at a system level and our inability to continue to develop or…” — 10-K risk factor (filed 2026-02-20) · source

• “Social and environmental responsibility regulations, policies and provisions, as well as customer and investor demands, may make our supply chain more complex and may adversely affect our…” — 10-K risk factor (filed 2026-08-17) · source
• “Changes in demand and customer requirements for our products may reduce manufacturing yields, which could negatively impact our profitability.” — 10-K risk factor (filed 2026-08-17) · source

Astera Labs' retimers, switches and smart cable modules ship inside AI server racks, so its revenue tracks AI platform deployments closely; its 10-K flags dependence on a few large customers.

Lumentum's lasers and transceivers move data inside AI data centers. Marvell agreed on Nov 2, 2026 to acquire it in an all-stock deal expected to close in 1H 2028.