LITX is trading at $41.09, up +5.44%, as strength in Lumentum’s AI-optics business drives the ETF’s move; LITX targets 2× Lumentum’s daily performance.
- Lumentum rose amid optimism around AI data-center networking demand, recent strong results, and bullish analyst coverage of optical switching and co-packaged optics.
- A broader risk-on session after weaker-than-expected payrolls and falling Treasury yields may also support gains, but company-specific optics momentum better explains LITX’s outsized move.