On September 16, Lumentum rose 3.31% in regular trading, trading at $868.64/share, with turnover of $235 million. The optical communication sector staged a broad-based recovery, with peers Nokia up 5.44%, Ciena up 3.18%, and Applied Optoelectronics up 2.64%.

On the news front, the rebound follows a sharp sell-off in the prior session triggered by three major U.S. AI companies signaling a deceleration in AI expansion plans, which sparked concerns over potential downward revisions to training-side computing demand growth expectations and weighed on upstream supply chain sentiment including optical modules. Lumentum plunged over 7% in that session, while Coherent and Corning each dropped more than 9%. After one trading day of sentiment release, overnight trading stabilized first with Lumentum recovering over 1%, and the current session extends that recovery momentum.

Notably, Lumentum had previously surged over 14% cumulatively on September 8-9, driven by Goldman Sachs raising optical module shipment forecasts and multiple investment banks initiating coverage with buy ratings, leaving substantial short-term profit-taking positions in 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.)