Not Nvidia. Not AMD. This Is the Best Artificial Intelligence (AI) Stock to Buy in November

Lumentum Holdings is positioned to outperform Nvidia and AMD in November earnings due to severe supply shortages in optical networking components critical for AI data centers. The optical networking market is expected to grow 10x from $15B (2026) to $154B (2028), with Lumentum's EPS potentially jumping 5.5x by fiscal 2029. The stock has pulled back 19% from its 52-week high, offering an attractive entry point at 43x forward earnings.