Lumentum Joins Nasdaq 100 but Shares Fall Amid Sector Selloff
Despite being added to the Nasdaq 100 Index, Lumentum (LITE) stock fell nearly 9% due to profit-taking and macroeconomic headwinds. The AI components sector faced a broad selloff as rising Treasury yields pressured high-multiple growth stocks.
Tickers: $LITE
Topics: AI components sector Lumentum Nasdaq 100 inclusion Treasury yields