🟢 LITE is trading 5.16% up today on a $400M+ AI optics backlog and new data center partnerships

LITE is trading 5.16% up at $886.01 following the announcement of a significant AI-focused optics backlog and new strategic data center partnerships.

• Lumentum highlighted an AI-focused optics backlog exceeding $400 million, reinforcing strong demand tied to AI infrastructure.
• The company secured new data center partnerships, providing a clear catalyst for growth in the optical networking sector.
• The move aligns with a broader tech sector rally, with the Nasdaq up 2.37% in pre-market trading.