Lumentum stock slides late as year-end tech pullback hits AI optics names
Lumentum shares dropped 4.6% to $372.61 in after-hours trading Monday, outpacing declines in other optical hardware stocks. The move followed a broader tech pullback, with the S&P 500 down 0.35% and Nasdaq off 0.50%. Investors are watching for signs the AI trade will regain momentum ahead of Fed minutes and jobless claims later this week.