Optical and Networking Stocks Fall, With Lumentum Down Nearly 10%
Optical and networking shares were among Monday’s leading decliners. Lumentum fell nearly 10%; the moves could partly reflect recent cautious commentary on AI spending.
The sharp moves may partly reflect recent cautious commentary about AI spending. Lumentum shares fell nearly 10% on Monday, as artificial-intelligence stocks came under pressure. Optical and networking stocks were among the leading decliners. Shares of Ciena (CIEN) and Lumen…