LITX is trading 6.28% up today as investors reassess Lumentum’s roughly $40 FY2028 earnings-power target, supported by stronger optical-circuit-switch demand and AI data-center connectivity spending.
- Management has described unusually strong order momentum and expects optical demand to support substantial revenue and margin expansion.
- The move is amplified by LITX’s 2x daily leverage and follows the ETF’s sharp September 14 decline.
- Broader markets are modestly risk-on, while elevated Treasury yields and the pending FOMC decision remain offsets.