Lumentum is trading 4.06% up at $917 as investors continue repricing its AI-optics growth outlook after management commentary at a Deutsche Bank technology conference.
- CEO Michael Hurlston said Lumentum targets roughly $40 in 2028 earnings power, above current sell-side estimates.
- Recent coverage highlighted the reported $2 billion NVIDIA investment partnership and planned U.S. fabrication capacity for high-speed optical interconnects.
- Major U.S. indices were lower, suggesting company- and sector-specific AI-optics momentum rather than broad market strength.