🟢 Lumentum is trading 4.34% up today as investors reprice its AI-optical networking opportunity

Lumentum is trading 4.34% up at $1021.02, extending the September 8 rally as investors continue repricing its AI-optical networking opportunity.

• Management’s roughly $40 fiscal 2028 earnings-power target, stronger optical-circuit-switching demand, and bullish coverage from Deutsche Bank and Evercore ISI remain the clearest catalysts.
• Lumentum’s scheduled Citi Global TMT Conference appearance on September 9 may also be supporting attention.
• The broader semiconductor rally adds sector momentum, despite weaker major indexes.