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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.

Summary by 24/7 Wall St.
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 […]

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24/7 Wall St. broke the news in Lakewood, United States on Monday, October 12, 2026.
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