🔴 Optical Networking ETF (LITX) is trading 16.21% down as investors reassess Lumentum's $40 FY2028 EPS target

LITX is trading at $27.23 (-16.21%) as investors reassess Lumentum’s $40 FY2028 EPS target and execution risk behind its aggressive AI-optics growth outlook.

• The decline extends the optical-networking selloff.
• Nasdaq futures fell about 1.8% amid AI-slowdown concerns.
• Higher oil prices and an approximately 90% chance of a Federal Reserve rate hike increased pressure on growth stocks.