Lumentum Rises on S&P 500 Inclusion

Dow Jones

03/10

By Elias Schisgall

Shares of Lumentum Holdings rose after the company said it had been selected to join the S&P 500 index.

Shares were up 7.2% to $686.83 in Tuesday morning trading. The stock has risen nearly twelvefold in the past year.

The optical and photonic products company said it would join the index before trading begins on Monday, March 23. It had previously been included in the S&P MidCap 400 index.

"Inclusion in the S&P 500 is a monumental achievement for our company and a credit to our global workforce," Chief Executive Michael Hurlston said. "It reflects our vital role in helping customers build next-generation AI infrastructure."

Lumentum has seen a rise in demand for its cloud products amid the rise of AI data-center construction. Nvidia invested $2 billion in the company and agreed to a multibillion-dollar purchase commitment, citing the need for optical-connection technologies for AI infrastructure.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

March 10, 2026 11:02 ET (15:02 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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The stock has risen nearly twelvefold in the past year. \n</p>\n<p>\n  The optical and photonic products company said it would join the index before trading begins on Monday, March 23. 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The stock has risen nearly twelvefold in the past year. \n</p>\n<p>\n  The optical and photonic products company said it would join the index before trading begins on Monday, March 23. 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The stock has risen nearly twelvefold in the past year. \n\n\n  The optical and photonic products company said it would join the index before trading begins on Monday, March 23. It had previously been included in the S&P MidCap 400 index. \n\n\n  \"Inclusion in the S&P 500 is a monumental achievement for our company and a credit to our global workforce,\" Chief Executive Michael Hurlston said. \"It reflects our vital role in helping customers build next-generation AI infrastructure.\" \n\n\n  Lumentum has seen a rise in demand for its cloud products amid the rise of AI data-center construction. Nvidia invested $2 billion in the company and agreed to a multibillion-dollar purchase commitment, citing the need for optical-connection technologies for AI infrastructure. \n\n\n \n\n\n  Write to Elias Schisgall at elias.schisgall@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 10, 2026 11:02 ET (15:02 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}