LITX is trading at $33.00 (+5.20%) as Lumentum-linked optical-networking stocks extend their AI data-center rally.
- Lumentum announced a high-density optical interconnect demonstration with Qualcomm and Corning for AI scale-up architectures at ECOC 2026.
- The announcement reinforces demand expectations for optical connectivity.
- Broader technology strength, falling oil prices, and lower Treasury yields are supporting growth stocks and amplifying the leveraged ETF’s move.