🟢 Optical Networking ETF (LITX) is trading 4.23% up in pre-market after investors reassess Lumentum’s FY2028 target

LITX is trading at $26.87, +4.23%, rebounding as investors reassess Lumentum’s roughly $40 FY2028 earnings-power target and AI data-center demand outlook.

• The rebound follows its sharp 19.46% September 14 decline, with leveraged exposure amplifying renewed interest in optical-networking shares.
• Strong AI data-center demand is supporting the broader photonics sector.
• Broader futures are modestly higher ahead of the Federal Reserve decision, but the move appears primarily sector-driven rather than a broad-market rally.