Lumentum Falls 10% as Optics Selloff Hits Hardest Where Capacity Is Sold Out; Applied Optoelectronics Drops 7%, Coherent Slides 7%
AI optics names fell after a Citi forecast shift, with Lumentum down 10% even as management said capacity is booked through early 2029.
6 Articles
6 Articles
Lumentum Falls 10% as Optics Selloff Hits Hardest Where Capacity Is Sold Out; Applied Optoelectronics Drops 7%, Coherent Slides 7%
Lumentum (NASDAQ:LITE) stock is down 10% to $996.95 in midday trading, leading a sharp retreat across artificial intelligence (AI) optical connectivity names. This drop stands out because Lumentum’s production capacity is spoken for through early 2029, and that combination of the deepest decline with the longest order visibility frames the selloff. For an optics/photonics sector […]
Lumentum (NASDAQ:LITE) Stock Price Down 9.8% – Should You Sell?
Lumentum Holdings Inc. (NASDAQ:LITE – Get Free Report)’s share price was down 9.8% during mid-day trading on Monday. The company traded as low as $980.00 and last traded at $995.41. 6,405,490 shares changed hands during mid-day trading, an increase of 17% from the average session volume of 5,497,861 shares. The stock had previously closed at […]
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