Lumentum stock slides late Wednesday as tech selloff hits “AI optics” names ahead of earnings
Lumentum shares fell 8.6% to $330.40 Wednesday afternoon, underperforming amid a broader tech sell-off. The drop followed a sharp rally the previous day and came with no new company news. Traders cited positioning ahead of Lumentum’s Feb. 3 earnings report. The Nasdaq lost over 1% as investors rotated out of tech and financial stocks.