On June 1, Lumentum Holdings fell 3.15% in pre-market trading, trading at approximately $830.45 per share, with trading volume of approximately $21.58 million.

The decline extends the ongoing correction that began after Lumentum was added to the Nasdaq 100 index in mid-May. Since the inclusion, profit-taking pressure has dominated trading activity, with the stock experiencing sustained multi-day declines. Although the company launched several technical rebounds during this period, each recovery showed weakening momentum, and selling pressure repeatedly reasserted itself.

On the fundamental side, Lumentum remains the global leader in indium phosphide EML chips with a 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 capacity. Analysts maintain a buy rating with a target price of $1,186, though near-term technical selling continues to weigh on the stock.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)