Lumentum is trading at $549.17, up 6.57%, in a November 6 rebound that appears to track a broader recovery in chip stocks after Thursday’s technology-led sell-off.
- Reuters reported chip stocks gained as investors reassessed fears of tougher AI regulation following the sell-off.
- No clear company-specific catalyst was identified. Shares had fallen 18.68% on November 5, making the rebound a partial recovery.