Lumentum (LITE) leads S&P 500 as optical peers rebound
Lumentum shares were up 6.7% to $895.20 in midday trading Wednesday as optical networking stocks rebounded after an earlier AI-driven selloff; the piece notes Corning could not keep up.
Optical networking stocks were recovering Wednesday after the sharp artificial-intelligence trade selloff earlier this week. Some names were rebounding more strongly than others. 20 in midday trading Wednesday, making it the session's top performer.