On May 28, Lumentum Holdings rose 3.95% in regular trading, trading at $933.51/share, with trading volume of approximately $449 million. The stock launched a technical rebound following consecutive sessions of decline, with cumulative prior losses having been significant.

On the news front, Lumentum remains the global leader in indium phosphide EML chips, commanding approximately 90% market share in 200G EML products. NVIDIA previously invested $2 billion in the company and signed a multi-year procurement agreement, locking in 800G/1.6T high-end optical chip capacity, with orders booked through 2028 and production lines running at full utilization. AI computing cluster buildouts continue to drive demand expansion for high-speed optical modules, keeping supply-demand dynamics tight across the optical communications industry. Analysts maintain a Buy rating with a target price of $1,186.

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