Lumentum Holdings (NasdaqGS:LITE) has been added to the S&P 500 Index. The company announced a multiyear partnership with NVIDIA that includes a US$2b investment. The NVIDIA arrangement involves a significant private placement in Lumentum shares. Lumentum focuses on optical and photonic products that sit at the heart of networking and data center hardware, so its new role in the S&P 500 puts a brighter spotlight on those exposure areas. The tie up with NVIDIA connects Lumentum directly to...