Lumentum Holdings (LITE) Climbs 8.8% on AI Optimism, Expansion
Lumentum Holdings Inc. (NASDAQ:LITE) is one of the 10 Stocks Outperforming Wall Street with Outsized Gains. Lumentum Holdings rallied for a second day on Wednesday, jumping 8.81 percent to close at $764.65 apiece, as investors poured funds back into artificial intelligence stocks, supported by its planned manufacturing expansion in the US. In a statement earlier, Lumentum Holdings Inc. (NASDAQ:LITE) said that it recently acquired a new 240,000-square-foot facility from chipmaker Qorvo, which it will red ...