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06-30 06:51

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Stock Track | Lumentum Plummets 7.31% Intraday on Sector Weakness and CPO Mass Production Delay Concerns

Lumentum Holdings Inc. (LITE) saw its stock price plummet 7.31% during intraday trading on Monday.The sharp decline was attributed to broad weakness in the communication equipment sector and renewed...

Stock Track | Lumentum Plummets 7.31% Intraday on Sector Weakness and CPO Mass Production Delay Concerns

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(LITE) saw its stock price plummet 7.31% during intraday trading on Monday.The sharp decline was attributed to broad weakness in the communication equipment sector and renewed...","content":"<p>Lumentum Holdings Inc. (LITE) saw its stock price plummet 7.31% during intraday trading on Monday.</p><p>The sharp decline was attributed to broad weakness in the communication equipment sector and renewed concerns over delays in co-packaged optics (CPO) technology. Peer stocks including Ciena, Nokia, and Applied Optoelectronics also traded lower, amplifying sector-wide selling pressure.</p><p>Sentiment was further dampened by a report from independent research firm SemiAnalysis, which warned that mass production timelines for CPO could be pushed back to 2028 or 2029. 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(LITE) saw its stock price plummet 7.31% during intraday trading on Monday.</p><p>The sharp decline was attributed to broad weakness in the communication equipment sector and renewed concerns over delays in co-packaged optics (CPO) technology. Peer stocks including Ciena, Nokia, and Applied Optoelectronics also traded lower, amplifying sector-wide selling pressure.</p><p>Sentiment was further dampened by a report from independent research firm SemiAnalysis, which warned that mass production timelines for CPO could be pushed back to 2028 or 2029. 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