On July 13, Lumentum Holdings fell 3.91% in pre-market trading, trading at 768.28 USD/share, with turnover of $3.5766 million.

On the news front, the AI hardware sector continues to face valuation reset pressure. Investment bank Stifel noted in a recent report that current market expectations have outpaced fundamentals, and the ongoing selloff in AI hardware stocks should be viewed as a valuation recalibration rather than a signal of weakening demand. Lumentum was specifically cited as one of the names whose valuation has already compressed significantly. The stock had surged over 12% on July 9 driven by AI computing power catalysts, but has retreated over multiple consecutive sessions since then, with sector recovery momentum fading.

Within the Communication Equipment sector, the broad decline is pronounced. Among peers, Applied Optoelectronics fell 4.45%, Ciena fell 3.39%, Nokia fell 1.13%, Arista Networks fell 0.35%, and Cisco fell 0.31%, reflecting clear sector-wide downward pressure.

(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.)