🟢 AI optics ETF (LITX) is trading 3.8% up on October 6, 2026, on Lumentum laser-demand strength

LITX is trading at $44.27, up 3.80%, as Lumentum laser-demand optimism supports the move.

• LITX seeks 2× Lumentum’s daily performance, so strength in the underlying stock can magnify the ETF’s move.
• Stifel raised its Lumentum price target to $1,232, citing demand for high-power lasers, including from Nvidia, that exceeds supply.
• Faster Nvidia co-packaged-optics deployment expectations and higher major U.S. indexes add supportive context; Lumentum remains the more direct catalyst.