🟢 Lumentum is trading 4.1% up today as Micron results bolster semiconductor sentiment

Lumentum is trading at $1,088.54, up 4.09%, as semiconductor shares are broadly higher.

• The SOXX sector ETF is up 2.71%, with positive sentiment following Micron’s strong results and AI-demand outlook.
• Lumentum’s prior-session rally followed Bernstein initiating coverage at Outperform with a $1,220 price target. Reports cite optimism around optical suppliers’ role in AI infrastructure. The call was announced before October 2 and is context, not a confirmed new catalyst today.