May. 9 at 1:59 PM
Big shakeup for the Nasdaq 100!
$LITE is officially stepping into the big leagues, replacing
$CSGP in the
$QQQ before the opening bell on Monday, May 18th.
From a fundamental lens, Lumentum has been on fire lately—revenue spiked 90% YoY thanks to the relentless demand for AI and Cloud infrastructure. The NVIDIA partnership and the ramp-up of 1.6T transceivers are massive long-term tailwinds. Technically, the stock has shown incredible strength with a 10x rise over the last year. It’s currently testing support near the 200-day MA, and with a consensus "Moderate Buy" rating and targets hitting
$1,400, the momentum is hard to ignore. Index inclusion usually triggers a wave of forced buying from ETFs, so this is a major liquidity event for the name.
