Lumentum is trading 8.32% down at $856.17 amid sector-wide AI-optics selling as semiconductor and technology shares sell off ahead of the Federal Reserve decision.
- Rising oil prices, Treasury yields, Middle East shipping risks, and renewed rate concerns are weighing on risk sentiment.
- AI development slowdown fears are pressuring chip stocks.
- No clear company-specific negative announcement was identified; recent coverage instead points to sector-wide AI-optics selling.