Why Lumentum Sank Today
Shares of optical leader Lumentum (NASDAQ: LITE) sank on Monday, falling 9.8%. Lumentum has been a key beneficiary of the AI build-out, as optical lasers are increasingly important for achieving the speeds required for AI training and inference. Last week, Lumentum CEO Michael Hurlston said in a Bloomberg interview that the company was "almost sold out" for 2029, sending shares to an all-time high. However, concerns over the sustainability of the AI boom came to the fore over the weekend when another AI company CEO said many investors are treating it like a "casino." Continue reading