Lumentum Falls 10% as Optics Selloff Hits Hardest Where Capacity Is Sold Out; Applied Optoelectronics Drops 7%, Coherent Slides 7%
Lumentum (NASDAQ:LITE | LITE Price Prediction) 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…