<div id="readability-page-1"><div><p>SpaceX’s record US$75b IPO and more than US$2tn debut valuation have grabbed headlines, but the real story for you is how this wave of enthusiasm for AI and space related technology could spill over into other stocks. With shares jumping nearly 20% on day one and over US$80b changing hands, risk appetite in this corner of the market looks very strong. This article highlights 3 stocks from an AI and space technology screener that appear especially exposed to this shift in attention, helping you decide which ideas might deserve a closer look or a place on your watchlist.</p> <p><strong>Wall Street's queuing for one rocket.</strong> While SpaceX counts down to its IPO, other companies tied to the new space race are already in orbit. → 20 Compelling Space Companies watchlist · Global Space Race Investing Ideas screener · Scan the sector by valuation on Rocket Lab's valuation page.</p> <h2>Extreme Networks (EXTR)</h2> <p><strong>Overview:</strong> Extreme Networks provides AI powered cloud networking platforms that help enterprises and governments manage, secure, and automate wired and wireless networks across campuses, data centers, and remote sites.</p> <p><strong>Operations:</strong> The company generates about US$1.25b in revenue from developing and marketing network infrastructure equipment and related software, with sales spread across APAC, EMEA, the United States, and other Americas.</p> <p><strong>Market Cap:</strong> US$4.1b</p> <p>Extreme Networks sits at the intersection of AI and critical network infrastructure, which is increasingly important as data heavy applications, including space and satellite services, rely on reliable, secure connectivity. The company is focusing on AI through its Platform ONE and Agent ONE products, aiming to expand recurring software and subscription revenue while supporting large customers such as governments and global enterprises. At the same time, investors need to weigh meaningful leverage, a recent non recurring loss of US$35.0m, and ongoing competition from much larger networking vendors. Extreme Networks may appeal to investors who want to examine an AI infrastructure company with recurring revenue streams and real world deployments and to assess how these strengths and risks align with their own objectives and risk tolerance.</p> <p>Extreme Networks’ AI push and global customer base could be more powerful than the headline numbers suggest, but leverage and that US$35.0m loss matter. Weigh the upside and the pressure points in the 3 key rewards and 2 important warning signs</p> <figure><img height="476" src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/63f2c718-5a02-464e-8c27-1204dce34526/chart/revenue-and-expenses-breakdown/query-ZGF0ZT0yMDI2LTA2LTEz?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="746" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/63f2c718-5a02-464e-8c27-1204dce34526/chart/revenue-and-expenses-breakdown/query-ZGF0ZT0yMDI2LTA2LTEz"/><figcaption>NasdaqGS:EXTR Revenue &amp; Expenses Breakdown as at Jun 2026</figcaption></figure> <h2>Lumentum Holdings (LITE)</h2> <p><strong>Overview:</strong> Lumentum designs and manufactures lasers and optical components that move data inside cloud and AI data centers and power precision manufacturing tools in industries such as semiconductors, solar, displays, and electric vehicles. Its products sit inside the equipment used by large cloud operators, network gear makers, and industrial manufacturers that need fast, reliable data links and high performance lasers.</p> <p><strong>Operations:</strong> Lumentum generates hundreds of millions of US dollars in revenue from customers spread across Japan, Mexico, Thailand, Hong Kong, the United States, other Americas, other Asia Pacific markets, and EMEA, reflecting a globally diversified sales base.</p> <p><strong>Market Cap:</strong> US$69.2b</p> <p>Lumentum operates at the intersection of AI and space themes, supplying the high end photonic components that help move data between GPU clusters on Earth and support satellite communications in orbit, a position that has drawn additional attention following the SpaceX IPO and renewed focus on AI driven space infrastructure. Recent results have included revenue and margin growth, Nvidia has committed US$2b to the company and broader photonics ecosystem, and analysts have revised their targets in response to AI data center demand and co packaged optics adoption. At the same time, the stock trades at a relatively high valuation and shows a heavy reliance on external funding, insider selling, and a record of earnings volatility, factors that make execution and future cash generation important considerations for anyone evaluating it.</p> <p>AI and space fueled demand could be exciting for Lumentum, but the mix of high valuation, funding needs, and earnings swings is not straightforward, so it is worth reviewing the 4 key rewards and 2 important warning signs</p> <figure><img height="476" src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/6d338801-597c-4735-864d-1c944b8b141b/chart/pe-multiple-vs-industry/query-ZGF0ZT0yMDI2LTA2LTEz?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="746" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/6d338801-597c-4735-864d-1c944b8b141b/chart/pe-multiple-vs-industry/query-ZGF0ZT0yMDI2LTA2LTEz"/><figcaption>NasdaqGS:LITE P/E Ratio as at Jun 2026</figcaption></figure> <h2>Cerebras Systems (CBRS)</h2> <p><strong>Overview:</strong> Cerebras Systems builds and sells AI computing racks for data centers and supercomputers, centered on its wafer scale engine chip that is designed to handle the heavy workloads of Generative AI, inference, and other advanced AI tasks faster than traditional GPUs. Its customers range from hyperscalers and AI labs to enterprises and Sovereign AI projects across the US and international markets.</p> <p><strong>Operations:</strong> Cerebras generates about US$510m in revenue primarily from semiconductors, with roughly US$188m from the United States, US$322m from Europe, the Middle East, and Africa, and a small contribution from other regions.</p> <p><strong>Market Cap:</strong> US$49.8b</p> <p>Cerebras sits at the intersection of AI infrastructure and technology that can support AI driven broadband and satellite communications, an area currently drawing heightened attention from investors following the SpaceX IPO. The company has just turned profitable and has reported earnings and revenue growth, supported by its wafer scale engine, partnerships with groups like AWS and OpenAI, and a growing backlog of multi year AI inference contracts. At the same time, the balance sheet is aggressive, with negative equity, reliance on higher risk borrowing and highly illiquid shares, so funding and execution are key watchpoints. For investors looking at AI and space technology together, Cerebras presents a combination of growth characteristics and balance sheet risk that may warrant further research.</p> <p>Cerebras’ wafer scale engine and fresh profitability could be masking an even bigger story for AI infrastructure growth and balance sheet risk, and the tension shows up clearly in the 4 key rewards and 2 important warning signs (1 is major!)</p> <figure><img height="476" src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/ad30159e-555d-47a4-834a-0eb398ba579b/chart/earnings-and-revenue-growth/query-ZGF0ZT0yMDI2LTA2LTEz?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="746" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/ad30159e-555d-47a4-834a-0eb398ba579b/chart/earnings-and-revenue-growth/query-ZGF0ZT0yMDI2LTA2LTEz"/><figcaption>NasdaqGS:CBRS Earnings &amp; Revenue Growth as at Jun 2026</figcaption></figure> <p>The three stocks covered here are just a starting point. The full Artificial Intelligence and space focused screener surfaces 40 more companies that carry similarly compelling narratives around data infrastructure, satellite connectivity, aerospace hardware, and robotics. To identify and analyze the highest conviction ideas that match the catalysts and storylines that matter most to you, take a closer look at the Artificial Intelligence (AI) and Space Technology Stocks screener.</p> <h2>Take Control of Your Investment Journey</h2> <p> If Cerebras Systems or any of these companies sound like a great opportunity, register for FREE with Simply Wall St and add your companies to a Watchlist to monitor the share price against the fair value the ideal entry point.             Once you've made your move, manage your holdings with our Portfolio Command Center that filters out the noise to deliver only the most critical, actionable updates.             Throughout your journey, our Community allows you to filter the best ideas from thousands of investor perspectives.             By uncovering hidden catalysts and risks early, you'll accelerate your decision-making and stay one step ahead of the market.         </p> <h2>Curious About What You Might Be Missing?</h2> <p>Fresh ideas move fast, and early momentum can slip away before most investors even look. Scan hand picked stocks now, while the data still matters, and consider acting before opportunities change.</p> <ul> <li>Hunt for quality on sale by reviewing a curated 44 high quality undervalued stocks that currently screens well for cash flows and balance sheet strength before wider attention catches up.</li> <li>Zero in on dependable income by checking a focused group of 8 dividend fortresses that may help anchor a portfolio when growth stories are getting most of the attention.</li> <li>Spot resilient potential leaders by scanning a targeted 70 resilient stocks with low risk scores that currently combines lower risk scores with fundamentals many investors have not fully priced in yet.</li> </ul> <p><em> This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data         and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.</strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your         financial situation. We aim to bring you long-term focused analysis driven by fundamental data.         Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.         Simply Wall St has no position in any stocks mentioned.</em></p><div><h3><strong>New: </strong>AI Stock Screener &amp; Alerts</h3><p>Our new AI Stock Screener scans the market every day to uncover opportunities.</p><div><p>• Dividend Powerhouses (3%+ Yield)<br/>• Undervalued Small Caps with Insider Buying<br/>• High growth Tech and AI Companies</p><p>Or build your own from over 50 metrics.</p></div><p>Explore Now for Free</p></div></div></div>

LITE

EXTR

CBRS

SPCX

2倍做多SpaceX ETF-leverage shares

SPCF

SPAL

SSPC

SPCU

<p>Amid SpaceX's record IPO, this article highlights three AI and space infrastructure stocks to watch: Extreme Networks (EXTR), Lumentum Holdings (LITE), and Cerebras Systems (CBRS). These companies are positioned at the intersection of AI and space technology. The analysis outlines their revenue models, market caps, and key growth drivers, while also noting risks such as leverage, high valuations, and earnings volatility to help investors assess potential opportunities.</p>

One AI And Space Infrastructure Rack Star Three Stocks To Watch